New York A 2673: Relates to obligations of members of economic development entities

Bill Text

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A02673 Summary:

BILL NOA02673 

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SAME ASNo Same As

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SPONSORSolages

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COSPNSR

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MLTSPNSR

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Add §32-a, UDC Act

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Relates to obligations of members of economic development entities.

Go to top A02673 Actions:

BILL NOA02673 

&nbsp

01/21/2025referred to economic development

01/07/2026referred to economic development

Go to topA02673 Committee&nbspVotes:

Go to topA02673 Floor&nbspVotes:

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

Go to topA02673 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2673

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 21, 2025
 ___________

 Introduced by M. of A. SOLAGES -- read once and referred to the Commit-
 tee on Economic Development

 AN ACT to amend the New York state urban development corporation act, in
 relation to obligations of members of economic development entities

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

 1 Section 1. Section 1 of chapter 174 of the laws of 1968, constituting
 2 the New York state urban development corporation act, is amended by
 3 adding a new section 32-a to read as follows:
 4 § 32-a. Special provisions relating to economic development entities.
 5 (1) For the purposes of this section, an "economic development entity"
 6 shall mean any entity created by the executive branch, including the
 7 executive chamber of the governor and lieutenant governor, and any state
 8 agency whose function includes providing advice, recommendations or
 9 determinations to or on behalf of the executive branch or any state
 10 agency, as defined in paragraph (b) of subdivision one of section seven-
 11 ty-three-a of the public officers law, on the allocation or disbursement
 12 of state or federal monies or tax credits and/or benefits.
 13 (2) (a) The provisions of article seven of the public officers law
 14 applicable to public bodies shall apply to an economic development enti-
 15 ty.
 16 (b) The provisions of article six of the public officers law applica-
 17 ble to agencies shall apply to an economic development entity. In addi-
 18 tion to the requirements of subdivision three of section eighty-seven of
 19 the public officers law, an economic development entity shall maintain
 20 and make available for public inspection and copying any and all
 21 proposals submitted to it through a centralized application process,
 22 including the consolidated funding applications process, except that an
 23 economic development entity may redact or withhold portions of a
 24 proposal if such portion would be exempt from disclosure pursuant to
 25 article six of the public officers law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04758-01-5

 A. 2673 2

 1 (c) For the purpose of section seventy-three-a of the public officers
 2 law, any member of an economic development entity shall be deemed a
 3 state officer or employee and shall be deemed a policy maker and shall
 4 file an annual statement of financial disclosure set forth in subdivi-
 5 sion three of section seventy-three-a of the public officers law.
 6 (d) The provisions of section seventy-four of the public officers law
 7 applicable to an officer or employee of a state agency shall apply to
 8 any member of an economic development entity.
 9 § 2. This act shall take effect immediately; provided, however, that
 10 those incumbents who have not filed a disclosure form for the calendar
 11 year 2024 shall have thirty days from the effective date of this act to
 12 file such form with the commission on ethics and lobbying in government.

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