Relates to requirements for explanatory statements regarding disposal of property

Latest action Mar 5, 2026

Requires explanatory statements regarding disposal of property to include the names of all beneficial owners.

Not chosen yet

Where it stands

Passed one of the two chambers; it still needs the other.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

New York State Senate

Same as A7223, the matching bill in the Assembly.

Amends the Public Authorities Law.

Committee

Corporations, Authorities and Commissions · New York State Assembly

Also referred to Corporations, Authorities And Commissions · New York State Senate.

Purpose, from the sponsor's memo

This bill will ensure that when land is disposed of by public authori- ties, the names of all beneficial owners of the property shall be disclosed via an explanatory statement that will be publicly available.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

Vote: Floor vote
NY SenateMar 5, 2026Result: passed
(59) (0) (0) (4)
Vote: Committee vote · Corporations, Authorities And Commissions
Senate Corporations, Authorities And CommissionsFeb 10, 2026Result: passed
(7) (0) (0) (0)
Vote: Floor vote
NY SenateMar 25, 2025Result: passed
(62) (0) (0) (1)
Vote: Committee vote · Corporations, Authorities And Commissions
Senate Corporations, Authorities And CommissionsJan 28, 2025Result: passed
(7) (0) (0) (0)

The sponsor's argument

Why Leroy Comrie says this is needed

Despite numerous reforms and good work from the Authorities Budget Office, there are still a myriad number of loopholes that Public Author- ities, IDAs, and the like use to keep the public in the dark. Current- ly, when an Authority seeks to dispose of land, including at below market rate, those to whom the land is sold are not required to be disclosed. This type of opaque process only encourages corruption, self- dealing and sweetheart deals. Ensuring that all beneficial owners iden- tities are disclosed should shine some necessary light on the process.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

Mar 5, 2026
Sent to the executive
DELIVERED TO ASSEMBLY
NY Senate
Mar 5, 2026
Passed a chamber
PASSED SENATE
NY Senate
Mar 5, 2026
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Assembly
Feb 24, 2026
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
Feb 11, 2026
2ND Report CAL.
2ND REPORT CAL.
NY Senate

Show full history (12 earlier events)

Feb 10, 2026
1ST Report CAL.322
1ST REPORT CAL.322
NY Senate
Jan 7, 2026
Died in Assembly
DIED IN ASSEMBLY
NY Assembly
Jan 7, 2026
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Assembly
Jan 7, 2026
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Senate
Mar 25, 2025
Sent to the executive
DELIVERED TO ASSEMBLY
NY Senate
Mar 25, 2025
Passed a chamber
PASSED SENATE
NY Senate
Mar 25, 2025
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Assembly
Mar 21, 2025
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Assembly
Feb 4, 2025
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
Feb 3, 2025
2ND Report CAL.
2ND REPORT CAL.
NY Senate
Jan 28, 2025
1ST Report CAL.200
1ST REPORT CAL.200
NY Senate
Jan 21, 2025
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Senate

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Nov 2, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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