New York S10271 amends public authorities law and not-for-profit corporation law to enhance oversight by the authorities budget office.

New York S10271 amends the public authorities law and the not-for-profit corporation law to enhance oversight by the authorities budget office. It mandates that individuals appointed to the board of a public authority must participate in state-approved training within one year of appointment and ongoing training to stay informed. The authorities budget office is granted the authority to commence an action or special proceeding to annul the corporate existence or dissolve a corporation that has acted beyond its capacity or power.

New York S10271 amends public authorities law and not-for-profit corporation law to enhance oversight by the authorities budget office.

New York S10271 amends the public authorities law and the not-for-profit corporation law to enhance oversight by the authorities budget office. It mandates that individuals appointed to the board of a public authority must participate in state-approved training within one year of appointment and ongoing training to stay informed. The authorities budget office is granted the authority to commence an action or special proceeding to annul the corporate existence or dissolve a corporation that has acted beyond its capacity or power.