Bill > A00173

This bill enhances transparency and accountability for certain not-for-profit corporations with governmental connections by implementing several key provisions. The legislation requires that when a not-for-profit corporation is being incorporated on behalf of or at the behest of a municipal corporation, state or local authority, or district, the incorporator must disclose this information on the certificate of incorporation and obtain consent from the authorities budget office. The bill expands the definition of "local authority" to include not-for-profit corporations that have significant governmental ties, such as those where government officials select a majority of the board or serve as chief executive officers, or those that issue tax-exempt debt or provide tax exemptions. Additionally, the bill mandates that 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 in real-time, post video recordings of meetings on their websites within five business days, and maintain those recordings for at least five years. The legislation aims to increase public oversight and transparency for governmental and quasi-governmental organizations by ensuring more detailed reporting and accessibility of their operations.

Budget and Finance, Government Affairs, Housing and Urban Affairs

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