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Bill > S05137
NY S05137
NY S05137Prohibits the formation of a subsidiary of a public authority without prior approval of the legislature; allows the formation of a subsidiary of a public authority without prior approval of the legislature if such public authority files a written notice sixty days prior to the organization of such subsidiary with the governor and the legislature.
summary
Introduced
02/24/2021
02/24/2021
In Committee
05/31/2022
05/31/2022
Crossed Over
05/31/2022
05/31/2022
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Prohibits the formation of a subsidiary of a public authority without prior approval of the legislature; allows the formation of a subsidiary of a public authority without prior approval of the legislature if such public authority files a written notice sixty days prior to the organization of such subsidiary with the governor and the legislature.
AI Summary
This bill prohibits the formation of a subsidiary of a public authority without prior approval of the legislature. However, it allows the formation of a subsidiary without prior legislative approval if the public authority files a written notice with the governor and the legislature 60 days prior to the organization of the subsidiary. This written notice is subject to denial by the governor or either house of the legislature. The bill aims to provide oversight and transparency in the creation of public authority subsidiaries.
Committee Categories
Business and Industry, Government Affairs
Sponsors (1)
Last Action
referred to corporations, authorities and commissions (on 05/31/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S5137 | 02/25/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05137&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05137A | 04/29/2022 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05137&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05137 | 02/25/2021 |
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