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The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
New York state public-benefit corporations are commonly used by the state government to perform a specific purpose, such as investment in infrastructure or regulation of horse racing. These corporations are frequently referred to as authorities .
The New York State Authorities Budget Office (ABO) is an independent office in the state of New York established by the Public Authorities Accountability Act of 2005 and signed into law by Governor Pataki in 2006. [1] In 2009, the ABO was restructured as part of the Public Authorities Reform Act. [2]
The New York State Foundation for Science, Technology and Innovation is also listed on the New York State Comptroller's website as a public benefit corporation that carries out functions that were formerly performed by NYSTAR. [31] NYSTAR is now listed on the ESD website. [32]
The comptroller was elected in 1895 to a three-year term, and subsequently the state officers were elected in even years and served a two-year term concurrently with the governor. In 1926, the responsibilities of the New York State Treasurer were transferred to the comptroller as the head of the Department of Audit and Control. Since 1938, the ...
State Comptroller Thomas DiNapoli urged the agency supervising the Mitchell Lama program, the state Division of Housing and Community Renewal, to strengthen its oversight and recoup money to fix ...
In what seem to be the first-ever moves of their kind, DiNapoli’s New York State Common Retirement Fund, which manages $260 billion in assets, is pushing for more details about companies ...
According to the New York State Legislative Calendar, session convenes January 9th throughout June 19th. [12] Budget deadline is the last week of March, but historically it has dragged on 'til the month of August and can even surpass that if the Senate and the Assembly fails to compromise.