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A09477 Summary:

BILL NOA09477
 
SAME ASSAME AS S06776
 
SPONSORHyndman
 
COSPNSR
 
MLTSPNSR
 
Amd 2800 & 2801, Pub Auth L
 
Requires certain reports of public authorities are open for public inspection via the public authorities reporting information system.
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A09477 Memo:

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
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