New York City Council Header
File #: Int 0288-2014    Version: Name: Conflict of interest disclosures from executives of city-funded not-for-profit organizations.
Type: Introduction Status: Filed (End of Session)
Committee: Committee on Contracts
On agenda: 4/29/2014
Enactment date: Law number:
Title: A Local Law to amend the New York city charter, in relation to conflict of interest disclosures from executives of city-funded not-for-profit organizations.
Sponsors: Elizabeth S. Crowley, Corey D. Johnson, Peter A. Koo, Darlene Mealy, Deborah L. Rose, James Vacca, Rory I. Lancman, I. Daneek Miller, Paul A. Vallone, Daniel Dromm
Council Member Sponsors: 10
Summary: This bill would require all persons in leadership positions at not-for-profit organizations that receive funding from the city to submit financial disclosures, including the material terms of any transaction, direct or indirect, between such person and any institution, any partnership of which such person is a member, or any corporation in which such person holds 10% or more of outstanding common stock.
Attachments: 1. Summary of Int. No. 288-A, 2. Int. No. 288 - 4/29/14, 3. Committee Report 9/25/15, 4. Hearing Testimony 9/25/15, 5. Hearing Transcript 9/25/15, 6. Proposed Int. No. 288-A - 9/28/15
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/31/2017AElizabeth S. Crowley City Council Filed (End of Session)  Action details Meeting details Not available
9/25/2015*Elizabeth S. Crowley Committee on Contracts Hearing Held by Committee  Action details Meeting details Not available
9/25/2015*Elizabeth S. Crowley Committee on Contracts Amendment Proposed by Comm  Action details Meeting details Not available
9/25/2015*Elizabeth S. Crowley Committee on Contracts Laid Over by Committee  Action details Meeting details Not available
4/29/2014*Elizabeth S. Crowley City Council Referred to Comm by Council  Action details Meeting details Not available
4/29/2014*Elizabeth S. Crowley City Council Introduced by Council  Action details Meeting details Not available

Proposed Int. No. 288-A

 

By Council Members Crowley, Johnson, Koo, Mealy, Rose, Vacca, Lancman, Miller, Vallone and Dromm

 

A Local Law to amend the New York city charter, in relation to conflict of interest disclosures from executives of city-funded not-for-profit organizations.

 

Be it enacted by the Council as follows:

 

                     Section 1.  Section 111 of the New York city charter is amended to read as follows:

                     §   111.  Self-dealing among [members of the governing boards of] persons in leadership positions at charitable institutions. a. Any charitable institution which receives any payment from the New York city charitable institutions budget shall pass and implement by-laws which will:

                     1. Require disclosure to the agency responsible for the administration of charitable institutions budget and approval by such agency of the material terms of any contract or transaction, direct or indirect, between an institution and any [member of its governing board] person in a leadership position at such institution, any partnership of which [he or she] such person is a member or any corporation in which [he or she] such person holds ten per cent or more of the outstanding common stock.

                     2. Preclude any [member of the governing board of] person in a leadership position at any institution from sharing, participating or benefiting, directly or indirectly, in the proceeds from any contract or transaction entered into between the institution and any third party unless such participation or benefit has been approved in advance by the agency and the governing board of the institution has approved the transaction by a two-thirds majority excluding the vote of [member] any such person to be benefited.

                     3.  Require each [member of its governing board] person in a leadership position to submit to the agency each year a disclosure statement including such [member's] person’s name, home address, principal occupation and business interests from which such [member] person or such [member's] person’s spouse or domestic partner received income equal to or greater than ten per cent of their aggregate gross income during the previous year.

                     b. For purposes of this section a person in a leadership position means a person who is a member on a governing board, the president or the chief executive officer of a charitable institution.

                     c. At the discretion of the agency, any payment or any portion of any payment may be withheld from any institution which has failed to pass and implement such by-laws.

                     §2. This local law shall take effect immediately.

 

ASB

LS #752

6/10/2015