Bill > A00173

This bill amends New York's Not-for-Profit Corporation Law and Public Authorities Law to clarify when certain not-for-profit corporations are subject to open meetings and freedom of information laws, which are collectively known as transparency laws. Specifically, it requires that when a not-for-profit corporation is incorporated on behalf of or at the direction of a municipal corporation, state or local authority, or district, or if certain government officials select a majority of its board or chief executive, it must disclose this relationship during incorporation and may require consent from the director of the authorities budget office. Furthermore, the bill expands the definition of "local authority" to include not-for-profit corporations that have issued or can issue tax-exempt debt or provide tax exemptions, and it clarifies that all state and local authorities, along with their subsidiaries and affiliates, are subject to open meetings and freedom of information laws, requiring them to stream meetings online and post recordings. The bill also makes changes to the terms and notice requirements for sales or leases of property by local development corporations to municipalities, limiting lease terms to twenty-five years and requiring more detailed public notice for such transactions.

Budget and Finance, Government Affairs, Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A173