Bill > S02317

This bill prevents certain elected officials from serving as members of industrial development agencies (IDAs) and other similar agencies in New York State. Specifically, the legislation prohibits elected officials from being members of an agency within their own municipality or county, with a few exceptions. The bill applies to agencies like the Troy Industrial Development Authority and the Auburn Industrial Development Authority, modifying their existing governance structures. Two members of a city's common council can still serve on these boards, ensuring some local government representation. If a current board member would become ineligible due to this new restriction, the mayor of the city is required to appoint new members to fill those positions. The bill does not apply to industrial development agencies that are entirely composed of elected officials from the municipality that created them. This legislation aims to reduce potential conflicts of interest and improve the independence of these development agencies by limiting direct political involvement in their governance.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S2317