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.
TITLE OF BILL: An act to amend the public authorities law, in relation to contract reports
PURPOSE OR GENERAL IDEA OF BILL:
To make the awarding of state monies more transparent.
SUMMARY OF SPECIFIC PROVISIONS:
This bill adds a new § 2882 to the Public Authorities Law which requires a report be made to the comptroller prior to the awarding of a contract to any person, firm, partnership or corporation, state authority, local authority, interstate or international authority, or any affiliate or subsidiary of them. The report shall include:
*Name of contractor.
*Amount of contract.
*Purpose of contract.
*Name of member of legislature who sponsored the appropriation or the allocation of a portion of such appropriation.
*Sworn statement by executive director or principal officer of contractor of any financial interest the sponsoring member or a relative might have in the awarding of the contract.
Relative is defined as any person living in the same household or any person who is a direct descendant of the member's grandparents or the spouse of such descendant.
This bill will add transparency to the process of awarding grants from State funds. It does not change the current rules regarding eligibility for member items or capital grants. It does require disclosure to the comptroller's office by the organization receiving the funds of whether the sponsoring member or a relative might have a financial interest in the recipient.
FISCAL IMPLICATIONS TO STATE AND LOCAL GOVERNMENT:
STATE OF NEW YORK ________________________________________________________________________ 2668 2015-2016 Regular Sessions IN SENATE January 27, 2015 ___________Introduced by Sen. KRUEGER -- 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: Section 1. The public authorities law is amended by adding a new section 2882 to read as follows: S 2882. REPORTING OF CONTRACTS TO THE COMPTROLLER. PRIOR TO AWARDING A CONTRACT REQUIRING THE PAYMENT OF APPROPRIATED MONIES TO ANY PERSON, FIRM, PARTNERSHIP OR CORPORATION, EVERY STATE AUTHORITY, LOCAL AUTHORI- TY, INTERSTATE OR INTERNATIONAL AUTHORITY OR AFFILIATE OR SUBSIDIARY THEREOF SHALL REPORT TO THE COMPTROLLER: (I) THE NAME OF THE CONTRACTOR; (II) THE AMOUNT OF THE CONTRACT; (III) THE PURPOSE OF THE CONTRACT; (IV) THE NAME OF THE MEMBER OF THE LEGISLATURE WHO SPONSORED THE APPROPRI- ATION OF SUCH MONIES OR THE ALLOCATION OF A PORTION OF SUCH MONIES FOR SUCH CONTRACT; AND (V) A SWORN STATEMENT SIGNED UNDER OATH BY THE EXECU- TIVE DIRECTOR OR PRINCIPAL OFFICER OF THE CONTRACTOR, OF ANY FINANCIAL INTEREST SUCH MEMBER OF THE LEGISLATURE, OR A RELATIVE OF SUCH MEMBER OF THE LEGISLATURE HAS IN THE PERSON, FIRM, PARTNERSHIP OR CORPORATION TO WHOM OR TO WHICH SUCH CONTRACT IS AWARDED SUBMITTED ON A FORM AS DETER- MINED BY THE COMPTROLLER. NO SUCH CONTRACT SHALL BE EFFECTIVE UNTIL SUCH REPORT IS FILED WITH THE COMPTROLLER. FOR THE PURPOSES OF THIS SECTION, "RELATIVE" OF ANY INDIVIDUAL SHALL MEAN ANY PERSON LIVING IN THE SAME HOUSEHOLD AS THE INDIVIDUAL OR ANY PERSON WHO IS A DIRECT DESCENDANT OF THAT INDIVIDUAL'S GRANDPARENTS OR THE SPOUSE OF SUCH DESCENDANT. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01809-01-5