Bill Text: NY S02721 | 2019-2020 | General Assembly | Introduced

New York Senate Bill 2721 (Prior Session Legislation)

Introduced

Bill Title: Requires that prior to a contract with the state or other public entity being effective, a report must be filed with the comptroller disclosing financial interests.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS [S02721 Detail]

Download: New_York-2019-S02721-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          2721
                               2019-2020 Regular Sessions
                    IN SENATE
                                    January 29, 2019
                                       ___________
        Introduced  by Sens. KRUEGER, SERRANO -- read twice and ordered printed,
          and when printed to be committed to  the  Committee  on  Corporations,
          Authorities and Commissions
        AN  ACT  to  amend  the  public authorities law, in relation to contract
          reports
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  The  public  authorities  law  is amended by adding a new
     2  section 2882 to read as follows:
     3    § 2882. Reporting of contracts to the comptroller. Prior to awarding a
     4  contract requiring the payment of appropriated  monies  to  any  person,
     5  firm,  partnership or corporation, every state authority, local authori-
     6  ty, interstate or international authority  or  affiliate  or  subsidiary
     7  thereof shall report to the comptroller: (i) the name of the contractor;
     8  (ii) the amount of the contract; (iii) the purpose of the contract; (iv)
     9  the  name  of  the member of the legislature who sponsored the appropri-
    10  ation of such monies or the allocation of a portion of such  monies  for
    11  such contract; and (v) a sworn statement signed under oath by the execu-
    12  tive  director  or principal officer of the contractor, of any financial
    13  interest such member of the legislature, or a relative of such member of
    14  the legislature has in the person, firm, partnership or  corporation  to
    15  whom  or to which such contract is awarded submitted on a form as deter-
    16  mined by the comptroller. No such contract shall be effective until such
    17  report is filed with the comptroller. For the purposes of this  section,
    18  "relative"  of  any  individual shall mean any person living in the same
    19  household as the individual or any person who is a direct descendant  of
    20  that individual's grandparents or the spouse of such descendant.
    21    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06562-01-9