New York S01410 amends public authorities law to enhance oversight by the authorities budget office, including the power to dissolve corporations.

New York S01410 amends the public authorities law to strengthen the oversight role of the authorities budget office. It grants the office the authority to commence actions or special proceedings to dissolve corporations that act beyond their capacity or power. The bill also mandates that heads of public authorities respond within 30 days to budget office letters or reports. Additionally, it requires board members to complete state-approved training and subjects non-compliant members to suspension or removal.

New York S01410 amends public authorities law to enhance oversight by the authorities budget office, including the power to dissolve corporations.

New York S01410 amends the public authorities law to strengthen the oversight role of the authorities budget office. It grants the office the authority to commence actions or special proceedings to dissolve corporations that act beyond their capacity or power. The bill also mandates that heads of public authorities respond within 30 days to budget office letters or reports. Additionally, it requires board members to complete state-approved training and subjects non-compliant members to suspension or removal.