New York S 4301: Relates to the New York city housing authority

Bill Text

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S04301 Summary:

BILL NOS04301 

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SAME ASSAME AS A05575

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SPONSORPARKER

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COSPNSR

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MLTSPNSR

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Amd §402, Pub Hous L; amd §1678, Pub Auth L

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Imposes certain governance and reporting requirements on the New York city housing authority; requires the establishment of a training program for board members of NYCHA; makes related provisions.

Go to top S04301 Actions:

BILL NOS04301 

&nbsp

02/04/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

01/07/2026REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Go to topS04301 Committee&nbspVotes:

Go to topS04301 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS04301 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4301

 2025-2026 Regular Sessions

 IN SENATE

 February 4, 2025
 ___________

 Introduced by Sen. PARKER -- read twice and ordered printed, and when
 printed to be committed to the Committee on Housing, Construction and
 Community Development

 AN ACT to amend the public housing law and the public authorities law,
 in relation to the New York city housing authority

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The opening paragraph of subdivision 4 of section 402 of
 2 the public housing law is designated paragraph a and three new para-
 3 graphs b, c and d are added to read as follows:
 4 b. The chairperson and the other members of the authority, including
 5 the additional tenant member, shall: (1) exercise direct oversight of
 6 the authority's chief executive officer or general manager and other
 7 managers or supervisors in the effective and ethical management of the
 8 authority; (2) understand, review and monitor the implementation of
 9 fundamental financial and management controls and operational decisions
 10 of the authority; (3) adopt a code of ethics for officers and employees
 11 of the authority consistent with section eight hundred six of the gener-
 12 al municipal law; (4) perform each of their duties as board members,
 13 including but not limited to those imposed by this section, in good
 14 faith and with that degree of diligence, care and skill which an ordi-
 15 narily prudent person in like position would use under similar circum-
 16 stances, and may take into consideration the views and policies of any
 17 elected official or body, or other person and ultimately apply independ-
 18 ent judgment in the best interest of the authority, its mission and the
 19 public. At the time that each member takes and subscribes their oath of
 20 office, or within sixty days after the effective date of this paragraph
 21 if the member has already taken and subscribed their oath of office,
 22 execute an acknowledgment, in a form consistent with the one prescribed
 23 by the New York independent authorities budget office established pursu-
 24 ant to title two of article one of the public authorities law in which

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08245-01-5

 S. 4301 2

 1 the board member acknowledges that they understand their role, and fidu-
 2 ciary responsibilities as set forth in subparagraph four of this para-
 3 graph, and acknowledges that they understand their duty of loyalty and
 4 care to the organization and commitment to the authority's mission and
 5 the public interest.
 6 c. All board members, including the tenant member, shall participate
 7 in training approved by the inspector general of the authority regarding
 8 their legal, fiduciary, financial and ethical responsibilities as direc-
 9 tors of an authority within one year of appointment to the board. Board
 10 members shall participate in such continuing training as may be required
 11 to remain informed of best practices, regulatory and statutory changes
 12 relating to the effective oversight of the management and financial
 13 activities of public corporations and to adhere to the highest standards
 14 of responsible governance.
 15 d. Notwithstanding any laws to the contrary, the authority shall not,
 16 directly or indirectly, extend or maintain credit, arrange for the
 17 extension of credit, or renew an extension of c