Allows for the examination of industrial development agencies and not-for-profit corporations by county comptrollers

Latest action Mar 30, 2026

Allows for the examination of projects and/or actions by industrial development agencies and not-for-profit corporations by county comptrollers.

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 A7666, the matching bill in the Assembly.

Amends the General Municipal Law.

Committee

Corporations, Authorities and Commissions · New York State Assembly

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

Purpose, from the sponsor's memo

To allow for independent examination and audit of industrial development agencies and not-for-profit corporations on the local county level.

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

Recorded votes

Vote: Floor vote
NY SenateMar 30, 2026Result: passed
(56) (0) (0) (7)
Vote: Committee vote · Corporations, Authorities And Commissions
Senate Corporations, Authorities And CommissionsMar 10, 2026Result: passed
(7) (0) (0) (0)
Vote: Floor vote
NY SenateMay 12, 2025Result: passed
(57) (0) (0) (5)
Vote: Committee vote · Corporations, Authorities And Commissions
Senate Corporations, Authorities And CommissionsMar 25, 2025Result: passed
(7) (0) (0) (0)

Cosponsors

Albert A. Stirpe, MaryJane Shimsky and 1 more on Agora

Democratic3

See the full list on nysenate.gov

The sponsor's argument

Why Shelley Mayer says this is needed

New York state law authorizes industrial development agencies (IDAs) to grant incentives, including tax abatements and payments in lieu of taxes (PILOTs), to businesses and projects to promote job growth and the vitality of our local economies. The actions taken by IDAs, including granting PILOTs and tax abatements, and the terms of those incentives, have substantial impacts on community members, workers, and taxpayers, yet many of these actions are veiled from those that are affected. This bill would add an additional level of accountability by allowing local audits and examinations of IDA projects and actions by the county comptroller or local equivalent. Additionally, this bill authorizes the examination of local not-for-profit corporations such as local develop- ment corporations. These measures will enhance public confidence in institutions designed to help people on a local level by ensuring that the concerns of the public may be brought to the attention of those entities most closely attuned to local concerns.

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 30, 2026
Sent to the executive
DELIVERED TO ASSEMBLY
NY Senate
Mar 30, 2026
Passed a chamber
PASSED SENATE
NY Senate
Mar 30, 2026
Referred to committee
REFERRED TO LOCAL GOVERNMENTS
NY Assembly
Mar 12, 2026
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
Mar 11, 2026
2ND Report CAL.
2ND REPORT CAL.
NY Senate

Show full history (12 earlier events)

Mar 10, 2026
1ST Report CAL.508
1ST REPORT CAL.508
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 Senate
Jan 7, 2026
Referred to committee
REFERRED TO LOCAL GOVERNMENTS
NY Assembly
May 12, 2025
Sent to the executive
DELIVERED TO ASSEMBLY
NY Senate
May 12, 2025
Passed a chamber
PASSED SENATE
NY Senate
May 12, 2025
Referred to committee
REFERRED TO LOCAL GOVERNMENTS
NY Assembly
Apr 4, 2025
Referred to committee
REFERRED TO LOCAL GOVERNMENTS
NY Assembly
Mar 27, 2025
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
Mar 26, 2025
2ND Report CAL.
2ND REPORT CAL.
NY Senate
Mar 25, 2025
1ST Report CAL.602
1ST REPORT CAL.602
NY Senate
Feb 25, 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.
Cosponsors: The list shows the cosponsors who are on Agora, A to Z. The official record may list more.
Party colors: Parties are shown in the same neutral colors.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Nov 3, 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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