Relates to creating annual reporting obligations by municipal housing authorities to the authorities budget office with respect to state-funded activities of such municipal housing authorities.
Summary
Bill S02157 amends the public authorities law to establish annual reporting requirements for municipal housing authorities in New York. Specifically, it mandates that these authorities submit detailed budget information regarding their operations and capital construction projects funded by the state. This report must include estimated receipts and expenditures for the upcoming fiscal year, current fiscal year data, and actual receipts and expenditures from the previous fiscal year. The submission is required to be made to the chief executive officer, chief fiscal officer, and the authorities budget office at least 60 days prior to the start of the fiscal year.
Impact
The bill will enhance transparency and accountability for municipal housing authorities by ensuring that they provide regular financial updates to state authorities. This change is expected to improve oversight of state-funded activities and may lead to better management of public resources allocated for housing projects. It affects all municipal housing authorities created under the public housing law, potentially influencing their operational practices and financial reporting standards.
Sentiment
The sentiment around Bill S02157 appears to be positive, as indicated by the unanimous support in both the Senate Corporations, Authorities And Commissions Committee and the final Senate floor vote. The lack of opposition suggests that stakeholders view the reporting requirements as a beneficial step towards increased accountability in the management of state funds.
Contention
There were no notable points of contention raised during the discussions or voting on Bill S02157. The unanimous votes in both committee and floor sessions indicate a consensus among lawmakers regarding the importance of enhanced reporting obligations for municipal housing authorities.
Same As
Relates to creating annual reporting obligations by municipal housing authorities to the authorities budget office with respect to state-funded activities of such municipal housing authorities
Relates to creating annual reporting obligations by municipal housing authorities to the authorities budget office with respect to state-funded activities of such municipal housing authorities.
Relates to creating annual reporting obligations by municipal housing authorities to the authorities budget office with respect to state-funded activities of such municipal housing authorities.
Relates to creating annual reporting obligations by municipal housing authorities to the authorities budget office with respect to state-funded activities of such municipal housing authorities.
Prohibits sewerage authorities, municipal authorities, and local units of government from charging interest on unpaid sewer fees and charges attributable to State or local entities, including housing authorities.