New York Senate Bill S02157 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 2157 2025-2026 Regular Sessions  IN SENATE January 15, 2025 ___________ Introduced by Sen. COMRIE -- 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 creating annual reporting obligations by municipal housing authorities to the authorities budget office with respect to state-funded activities of such municipal housing authorities The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 2801 of the public authorities law is amended by 2 adding a new subdivision 4 to read as follows: 3 4. Municipal housing authorities. For the municipal housing authority 4 fiscal year ending in the calendar year following the calendar year of 5 the effective date of this subdivision, and annually thereafter, every 6 municipal housing authority created by the public housing law shall 7 submit to the chief executive officer, the chief fiscal officer, and the 8 authorities budget office for their information, annually not more than 9 ninety days and not less than sixty days before the commencement of its 10 fiscal year, in the form submitted to its board, budget information on 11 operations and capital construction setting forth the estimated receipts 12 and expenditures for the next fiscal year and the current fiscal year, 13 and the actual receipts and expenditures for the last completed fiscal 14 year, for all projects and activities funded in whole or in part by the 15 state. 16 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03767-01-5