Bill > S06165

This bill amends New York's not-for-profit corporation law and public authorities law to expand the applicability of open meetings and freedom of information laws to certain not-for-profit corporations, particularly those affiliated with or acting on behalf of government entities. Key provisions include requiring not-for-profit corporations to disclose if they are incorporated on behalf of a municipal corporation, state, or local authority, and mandating that such corporations, or those where government officials select a majority of their board or chief executive, obtain consent from the director of the authorities budget office before incorporation. The bill also clarifies that "local authority" now includes not-for-profit corporations that issue tax-exempt debt or provide tax exemptions, and that all state and local authorities, along with their subsidiaries and affiliates, must comply with open meetings and freedom of information laws, including streaming meetings online and posting recordings. Additionally, it modifies rules regarding the sale or lease of property by local development corporations, reducing the maximum lease term to twenty-five years and requiring more detailed public notice for such transactions.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S6165