Bill > S04039

This bill introduces significant restrictions and transparency requirements for public officials, political party chairs, and consultants working with state or local authorities, industrial development agencies, and economic assistance corporations. Specifically, the bill prohibits statewide elected officials, state employees, legislators, and political party chairs from receiving compensation for legal services, consulting, or other contractual work from state or local authorities under certain conditions, such as being directly contracted by the authority or owning 10% or more of a corporation or firm that is contracted for services. The bill also adds a new disclosure requirement mandating that any individual or entity providing consulting services to an agency in connection with a project must submit a detailed disclosure statement to the agency and the authorities budget office within 30 days of starting services. These disclosure statements must include information like the name of the consultant, service description, dates of engagement, total compensation, and a copy of the service agreement. Failure to file the required disclosure can result in the consultant being disqualified from participating in future agency projects for up to two years. The legislation aims to enhance transparency, prevent potential conflicts of interest, and ensure proper oversight of financial interactions between public officials and governmental authorities.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S4039