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  • NJ A587
  • Establishes various good governance requirements at State and local authorities.
Introduced
(1/27/2016)
In Committee
(1/27/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill requires independent State authorities and local authorities to adopt various good governance reforms. The bill requires authorities to adopt a code of ethics applicable to each officer, director, and employee that, at a minimum, includes the applicable standards established in the State's ethics law. Every officer, director, and employee is required to participate in training regarding the person's ethical responsibilities. In addition, the bill requires every member of the authority's board of commissioners to execute an acknowledgement that the board member understands the member's role and fiduciary responsibilities and that the member has a duty of loyalty and care to the authority, its mission, and the public interest. The bill subjects each authority to the State's open public records act and increases potential penalties for violations by authorities of the State's Conscientious Employee Protection Act. Additionally, the bill requires authorities to implement the recommendations contained in any independent audit of the authority. If the authority determines that any recommendation contained in the independent audit is not reasonably able to be implemented, the authority may petition the Governor for approval to delay or omit the implementation of any recommendation. The Governor is required to provide a written response to a petition within 30 days of receipt. If the authority fails to implement a recommendation contained in an independent audit of the authority, and if it has not been granted approval by the Governor to delay or omit the recommendation, the authority is prohibited from issuing any additional bonds or securities until the recommendation has been implemented or the authority has been granted approval. Finally, the bill requires that each authority provide on its Internet website a copy of a sworn and duly notarized financial disclosure statement for each member of its board of commissioners. The financial statement is to include, for every entity from which a commissioner has received any compensation, a list of all clients of the entity who have paid it more than $10,000.
Transportation and Independent Authorities
Introduced, Referred to Assembly Transportation and Independent Authorities Committee  (on 1/27/2016)
 
 

Date Chamber Action Description
1/27/2016 A Introduced, Referred to Assembly Transportation and Independent Authorities Committee
Date Motion Yea Nay Other
None specified