Requires that prior to a contract with the state or other public entity being effective, a report must be filed with the comptroller disclosing financial interests.
STATE OF NEW YORK
________________________________________________________________________
2721
2019-2020 Regular Sessions
IN SENATE
January 29, 2019
___________
Introduced by Sens. KRUEGER, SERRANO -- read twice and ordered printed,
and when printed to be committed to the Committee on Corporations,
Authorities and Commissions
AN ACT to amend the public authorities law, in relation to contract
reports
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The public authorities law is amended by adding a new
2 section 2882 to read as follows:
3 § 2882. Reporting of contracts to the comptroller. Prior to awarding a
4 contract requiring the payment of appropriated monies to any person,
5 firm, partnership or corporation, every state authority, local authori-
6 ty, interstate or international authority or affiliate or subsidiary
7 thereof shall report to the comptroller: (i) the name of the contractor;
8 (ii) the amount of the contract; (iii) the purpose of the contract; (iv)
9 the name of the member of the legislature who sponsored the appropri-
10 ation of such monies or the allocation of a portion of such monies for
11 such contract; and (v) a sworn statement signed under oath by the execu-
12 tive director or principal officer of the contractor, of any financial
13 interest such member of the legislature, or a relative of such member of
14 the legislature has in the person, firm, partnership or corporation to
15 whom or to which such contract is awarded submitted on a form as deter-
16 mined by the comptroller. No such contract shall be effective until such
17 report is filed with the comptroller. For the purposes of this section,
18 "relative" of any individual shall mean any person living in the same
19 household as the individual or any person who is a direct descendant of
20 that individual's grandparents or the spouse of such descendant.
21 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD06562-01-9
