New York S 5563: Allows for the examination of industrial development agencies and not-for-profit corporations by county comptrollers

Bill Text

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S05563 Summary:

BILL NOS05563 

&nbsp

SAME ASSAME AS A07666

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SPONSORMAYER

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COSPNSR

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MLTSPNSR

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Add §34-b, Gen Muni L

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Allows for the examination of projects and/or actions by industrial development agencies and not-for-profit corporations by county comptrollers.

Go to top S05563 Actions:

BILL NOS05563 

&nbsp

02/25/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

03/25/20251ST REPORT CAL.602

03/26/20252ND REPORT CAL.

03/27/2025ADVANCED TO THIRD READING 

05/12/2025PASSED SENATE

05/12/2025DELIVERED TO ASSEMBLY

05/12/2025referred to local governments

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

03/10/20261ST REPORT CAL.508

03/11/20262ND REPORT CAL.

03/12/2026ADVANCED TO THIRD READING 

03/30/2026PASSED SENATE

03/30/2026DELIVERED TO ASSEMBLY

03/30/2026referred to local governments

Go to topS05563 Committee&nbspVotes:

Go to topS05563 Floor&nbspVotes:

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

Go to topS05563 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5563

 2025-2026 Regular Sessions

 IN SENATE

 February 25, 2025
 ___________

 Introduced by Sen. MAYER -- read twice and ordered printed, and when
 printed to be committed to the Committee on Corporations, Authorities
 and Commissions

 AN ACT to amend the general municipal law, in relation to allowing for
 the examination of industrial development agencies and not-for-profit
 corporations by county comptrollers

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

 1 Section 1. The general municipal law is amended by adding a new
 2 section 34-b to read as follows:
 3 § 34-b. Examination of industrial development agencies and not-for-
 4 profit corporations by county comptrollers. 1. Examination of industrial
 5 development agency projects and actions by county comptrollers. (a) A
 6 county comptroller may conduct an audit of a project and/or action of an
 7 industrial development agency located within the county.
 8 (b) In counties where there is no county comptroller, the chief
 9 elected official of the county shall designate the budget director or
 10 finance director to undertake such audits.
 11 (c) For purposes of this section, industrial development agencies
 12 include such public authorities defined in paragraph (c) of subdivision
 13 two of section two of the public authorities law.
 14 2. Examination of not-for-profit corporations by county comptrollers.
 15 (a) A county comptroller may conduct an audit of a not-for-profit corpo-
 16 ration affiliated with, sponsored by, or created by a county, city, town
 17 or village government, located within the county.
 18 (b) In counties where there is no county comptroller, the chief
 19 elected official of the county shall designate the budget director or
 20 finance director to undertake such audits.
 21 (c) For purposes of this section, not-for-profit corporations include
 22 such public authorities defined in paragraph (b) of subdivision two of
 23 section two of the public authorities law.
 24 § 2. This act shall take effect on the ninetieth day after it shall
 25 have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01384-01-5

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