Establishes a publicly available database of business entities in New York that enter into procurement contracts with state entities.

This bill creates a publicly accessible database maintained by the Secretary of State. It includes information on business entities in New York that enter into procurement contracts with state agencies. Required information includes the business entity's name, current business address, county, and the full name of each beneficial owner. Beneficial owners can apply for a waiver to withhold their name and business address if it discloses personal or identifying information, provided a significant privacy interest exists. The database aims to enhance transparency in state procurement contracts.

Establishes a publicly available database of business entities in New York that enter into procurement contracts with state entities.

This bill creates a publicly accessible database maintained by the Secretary of State. It includes information on business entities in New York that enter into procurement contracts with state agencies. Required information includes the business entity's name, current business address, county, and the full name of each beneficial owner. Beneficial owners can apply for a waiver to withhold their name and business address if it discloses personal or identifying information, provided a significant privacy interest exists. The database aims to enhance transparency in state procurement contracts.