New York State Public Authorities Control Board
- New York State Public Authorities Control Board
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The New York State Public Authorities Control Board is composed of five members, appointed by the Governor, some upon the recommendation of members of the Legislature. New York's public services are heavily organized into public benefit corporations known frequently as authorities or development corporations. New York State-chartered public benefit corporations exist all over the state, but the most famous examples are probably in New York City (the Metropolitan Transportation Authority and the Port Authority of New York and New Jersey).
The enabling statute provides that it "shall have the power and it shall be its duty to receive applications for approval of the financing and construction of any project proposed by [certain specified] state public benefit corporations." Members may hold other state office, however, they may only be compensated "for actual and necessary expenses incurred in the performance of official duties."
Further reading
See New York Public Authorities Law, Article 1-A, Sections 50,51.
Categories: Public benefit corporations in New York | New York law | State agencies of New York | New York stubs
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