NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A9477
SPONSOR: Hyndman TITLE OF BILL:
An act to amend the public authorities law, in relation to requiring
certain reports of public authorities are open for public inspection via
the public authorities reporting information system
PURPOSE:
To increase transparency and accessibility to certain information that
public authorities are required to report, and make it readily available
to the public rather than the current mechanism of access that exists
today.
SUMMARY OF PROVISIONS:
Section 1 and 2 Amend Sections 2800 and 2801 of the public authorities
law to require annual reports and budget reports that public authorities
are required to submit to the Authorities Budget Office to be made
available to the public on the Public Authorities Reporting Information
System (PARIS).
Section 3 Sets the effective date.
JUSTIFICATION:
There are statutes and regulations that require this information be
reported so there is adequate oversight of public entities and authori-
ties. This will increase the accessibility of public oversight by allow-
ing unrestricted access to this information that is already required to
be reported and submitted to the Authorities Budget Office.
The role of Public Authorities and Industrial. Development Agencies is
essential to development of communities from the local to state level.
There is information in the reports ranging from financial status,
information related to the board of directors, how much debt the author-
ity maintains, revenues, expenditures and more. Therefore, if the infor-
mation must be reported in this database, it should be just as easily
accessible to the public.
LEGISLATIVE HISTORY:
2022: S1207, PASSED SENATE 03/31/2022; referred to corporations, author-
ities and commissions in assembly
2021: S1207, PASSED SENATE 06/03/2021; died in assembly 2020: S8941,
died in rules.
FISCAL IMPLICATIONS:
None.
EFFECTIVE DATE:
180 Days
STATE OF NEW YORK
________________________________________________________________________
9477
IN ASSEMBLY
March 14, 2024
___________
Introduced by M. of A. HYNDMAN -- read once and referred to the Commit-
tee on Corporations, Authorities and Commissions
AN ACT to amend the public authorities law, in relation to requiring
certain reports of public authorities are open for public inspection
via the public authorities reporting information system
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 2800 of the public authorities law is amended by
2 adding a new subdivision 5 to read as follows:
3 5. The annual reports required by this section shall be open for
4 public inspection via the public authorities reporting information
5 system.
6 § 2. Section 2801 of the public authorities law is amended by adding a
7 new subdivision 4 to read as follows:
8 4. The budget reports required by this section shall be open for
9 public inspection via the public authorities reporting information
10 system.
11 § 3. This act shall take effect on the one hundred eightieth day after
12 it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11257-01-3
