Relates to creating annual reporting obligations by municipal housing authorities to the authorities budget office with respect to state-funded activities of such municipal housing authorities.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A2229
SPONSOR: Hyndman TITLE OF BILL:
An act to amend the public authorities law, in relation to creating
annual reporting obligations by municipal housing authorities to the
authorities budget office with respect to state-funded activities of
such municipal housing authorities
PURPOSE:
This bill ensures that municipal housing authorities report budget and
capital information on state funded activities annually to the Authori-
ties Budget Office.
SUMMARY OF PROVISIONS:
Requires that municipal housing authorities report budget and capital
information on state funded activities annually to the Authorities Budg-
et Office.
JUSTIFICATION:
The bill would strengthen the Public Authorities Reform Act by requiring
that municipal housing authorities report budget and capital information
on state funded activities annually to the Authorities Budget Office.
Municipal Housing Authorities are unique entities that have oversight at
the Federal, State and City level; this bill works to find a compromise
point where the ABO may have appropriate oversight on these important
entities.
LEGISLATIVE HISTORY:
Similar Bills--S. 7913 of 2018, A. 10279 of 2018
FISCAL IMPLICATIONS:
None.
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
2229
2023-2024 Regular Sessions
IN ASSEMBLY
January 25, 2023
___________
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 creating
annual reporting obligations by municipal housing authorities to the
authorities budget office with respect to state-funded activities of
such municipal housing authorities
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 2801 of the public authorities law is amended by
2 adding a new subdivision 4 to read as follows:
3 4. Municipal housing authorities. For the municipal housing authority
4 fiscal year ending in the calendar year following the calendar year of
5 the effective date of this subdivision, and annually thereafter, every
6 municipal housing authority created by the public housing law shall
7 submit to the chief executive officer, the chief fiscal officer, and the
8 authorities budget office for their information, annually not more than
9 ninety days and not less than sixty days before the commencement of its
10 fiscal year, in the form submitted to its board, budget information on
11 operations and capital construction setting forth the estimated receipts
12 and expenditures for the next fiscal year and the current fiscal year,
13 and the actual receipts and expenditures for the last completed fiscal
14 year, for all projects and activities funded in whole or in part by the
15 state.
16 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD03358-01-3
