A3303-2011 Actions

• Jan 4, 2012: referred to corporations, authorities and commissions
• Jan 24, 2011: referred to corporations, authorities and commissions

A3303-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         3303
 2011-2012 Regular Sessions
 I N  ASSEMBLY
 January 24, 2011
 
 Introduced by M. of A. BRENNAN, DINOWITZ, COLTON, PHEFFER -- Multi-Spon
 sored by -- M. of A.  CLARK, GLICK, GOTTFRIED, HOOPER, JACOBS, SWEENEY
 --  read  once and referred to the Committee on Corporations, Authori
 ties and Commissions
 

AN ACT to amend the New York state urban development corporation act, in
 relation to the manner in which the directors of the  New  York  state
 urban development corporation shall be appointed
 

THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM
 BLY, DO ENACT AS FOLLOWS:

 

Section 1. Subdivision 1 of section 4 of section 1 of chapter  174  of
 the  laws  of  1968,  constituting  the New York state urban development
 corporation act, as amended by chapter 280  of  the  laws  of  1984,  is
 amended to read as follows:

 (1)  There  is  hereby  created  the  New York state urban development
 corporation. The corporation shall be a corporate governmental agency of
 the state, constituting  a  political  subdivision  and  public  benefit
 corporation.  Its membership shall consist of nine directors as follows:

 the superintendent of banks, the [chairman] CHAIRPERSON of the New  York
 state  science and technology foundation, and [seven] THREE directors to
 be appointed by the governor with the advice and consent of the  senate,
 TWO  DIRECTORS TO BE APPOINTED BY THE STATE COMPTROLLER, ONE DIRECTOR TO
 BE APPOINTED BY THE TEMPORARY PRESIDENT OF THE SENATE, AND ONE  DIRECTOR
 TO BE APPOINTED BY THE SPEAKER OF THE ASSEMBLY. THE MEMBERS APPOINTED BY
 THE  COMPTROLLER,  THE TEMPORARY PRESIDENT OF THE SENATE AND THE SPEAKER
 OF THE ASSEMBLY SHALL NOT BE EMPLOYEES OF THE STATE.   From the  [seven]
 THREE  directors  appointed  by him OR HER, the governor shall designate
 the [chairman] CHAIRPERSON of the corporation [and two others who  shall
 all  serve at the pleasure of the governor. Of the four remaining direc-
 tors, one of such directors first appointed by the  governor  after  the
 effective  date  of  this  subdivision as amended shall serve for a term
 ending January first next succeeding his appointment, one of such direc-
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06025-01-1
 
       A. 3303                             2
 tors shall serve for a term ending one year from such date, one of  such
 directors  shall  serve  for a term ending two years from such date, and
 one of such directors shall serve for a term  ending  three  years  from
 such date].  OF THE DIRECTORS FIRST APPOINTED PURSUANT TO THE CHAPTER OF
 THE  LAWS  OF  TWO  THOUSAND  ELEVEN WHICH AMENDED THIS SUBDIVISION, THE
 THREE DIRECTORS APPOINTED BY THE GOVERNOR SHALL SERVE FOR TERMS OF  ONE,
 THREE  AND  FOUR  YEARS,  THE TWO DIRECTORS APPOINTED BY THE COMPTROLLER
 SHALL SERVE FOR  TERMS  OF  ONE  AND  THREE  YEARS,  AND  THE  DIRECTORS
 APPOINTED  BY  THE  TEMPORARY PRESIDENT OF THE SENATE AND THE SPEAKER OF
 THE ASSEMBLY SHALL SERVE FOR TERMS OF TWO YEARS. Their successors  shall
 serve  for  terms of four years each. Directors shall continue in office
 until their successors have been appointed and qualified. In  the  event
 of a vacancy occurring in the office of a director by death, resignation
 or otherwise, the [governor] ORIGINAL APPOINTING AUTHORITY shall appoint
 a successor [with the advice and consent of the senate] to serve for the
 balance  of the unexpired term. The governor shall appoint the president
 of the corporation, with the advice and consent of the senate, who shall
 be the chief executive officer of the corporation and who shall serve at
 the pleasure of the governor. Such president may be one of the directors
 appointed by the governor.
 

S 2. This act shall take effect immediately.

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