Prohibits the formation of a subsidiary of a public authority without prior approval of the legislature; allows the formation of a subsidiary of a public authority without prior approval of the legislature if such public authority files a written notice sixty days prior to the organization of such subsidiary with the governor and the legislature.
Summary
Bill A02479 seeks to amend the public authorities law in New York by prohibiting state authorities from forming subsidiary corporations without prior legislative approval. The bill stipulates that a state authority may only organize a subsidiary if the legislature enacts a law granting such power. However, it allows for a subsidiary to be formed without prior approval if the authority provides written notification to the governor and legislature at least sixty days in advance of the proposed organization. This notification must be acknowledged by the governor and both houses of the legislature, which have the option to deny the formation of the subsidiary within the specified timeframe.
Impact
If enacted, this bill would significantly alter the current framework governing the formation of subsidiary corporations by public authorities in New York. It would enhance legislative oversight and control over such entities, potentially reducing the speed and flexibility with which public authorities can respond to projects requiring subsidiary formation. This change may also lead to increased transparency and accountability in the operations of public authorities, as they would be required to justify their need for subsidiary corporations to the legislature.
Sentiment
The sentiment surrounding Bill A02479 appears to be mixed, with some legislators expressing support for increased oversight of public authorities to prevent potential misuse of power, while others may view it as an unnecessary bureaucratic hurdle that could impede timely project execution. The lack of voting history and committee discussions makes it challenging to gauge the overall sentiment more accurately, but the bill's introduction suggests a proactive approach to governance.
Contention
Notable points of contention include the balance between legislative oversight and the operational efficiency of public authorities. Proponents argue that the bill is necessary to prevent potential abuses and ensure accountability, while opponents may argue that it could slow down essential projects and limit the ability of authorities to respond quickly to changing needs. The debate likely centers around the trade-offs between oversight and efficiency in public governance.
Same As
Prohibits the formation of a subsidiary of a public authority without prior approval of the legislature; allows the formation of a subsidiary of a public authority without prior approval of the legislature if such public authority files a written notice sixty days prior to the organization of such subsidiary with the governor and the legislature.
Prohibits the formation of a subsidiary of a public authority without prior approval of the legislature; allows the formation of a subsidiary of a public authority without prior approval of the legislature if such public authority files a written notice sixty days prior to the organization of such subsidiary with the governor and the legislature.
Prohibits the formation of a subsidiary of a public authority without prior approval of the legislature; allows the formation of a subsidiary of a public authority without prior approval of the legislature if such public authority files a written notice sixty days prior to the organization of such subsidiary with the governor and the legislature.
Prohibits the formation of a subsidiary of a public authority without prior approval of the legislature; allows the formation of a subsidiary of a public authority without prior approval of the legislature if such public authority files a written notice sixty days prior to the organization of such subsidiary with the governor and the legislature.
Requires the metropolitan transportation authority submit to the legislature and publish on its shared internet website an annual open data plan; requires the MTA to publish all customer surveys and complaint data, incident report data, police incident and arrest data collected by the authority or any of its affiliates and subsidiaries no later than January 1, 2026.
Establishes the Hudson Valley power authority to own and operate electricity service and to create or acquire one or more wholly owned subsidiaries or membership interests in subsidiaries; establishes energy observatory corporations for studying and enabling effective community governance of power authorities; makes related provisions.
Establishes the Hudson Valley power authority to own and operate electricity service and to create or acquire one or more wholly owned subsidiaries or membership interests in subsidiaries; establishes energy observatory corporations for studying and enabling effective community governance of power authorities; makes related provisions.
Requires that one of the seven (7) directors of the Rhode Island airport corporation be appointed by the governor after the governor gives due consideration to a list of individuals submitted by the mayor of the city of Warwick.
Requires that one of the seven (7) directors of the Rhode Island airport corporation be appointed by the governor from a list of individuals submitted by the mayor of the city of Warwick.