S 9052 —

Compared against the New York Consolidated Laws as published AI-generated reading aid — verify against the official bill.

This bill amends 1 section(s) of the New York Consolidated Laws: Section 912 of the general municipal law.

• Section 912 of the general municipal law

  , his or her his or her its its may (v) its (vi) and twelve three → italics : (a) (b) "monitor" shall mean the independent monitor appointed by the state inspector general under paragraph (a) of subdivision three of this section. The inspec- tor general may extend the appointment of the monitor upon the expira- tion of such monitor's term and such extension shall not be subject to article eleven of the state finance law. their their At least seventy-two hours prior to adoption by the board, the monitor shall advise the board or employees, in writing, of their approval or disapproval of any proposed contract or agreement for finan- cial assistance. No such contract or agreement may be voted on by the board unless the monitor has advised the board or employees, in writing, of their approval. (v) their their shall (vi) their (vii) (e) Upon receiving a recommendation, in writing, from the monitor, the board shall consider such recommendation and, within forty-five days of receiving such recommendation, hold a vote on accepting such recommenda- tion. Such recommendation shall only be rejected upon at least five members of the board voting to reject such recommendation. Such recom- mendations requiring such a vote shall include, but not be limited to, recommendations relating to contracts, budget decisions, and financial assistance agreements. 5. The monitor shall, at their discretion, direct the board to recoup financial assistance, in full or in part, where the recipient of finan- cial assistance failed to execute and complete the terms of a contract, agreement or understanding including, but not limited to, job creation goals and the development of promised facilities or operations. 6. The Orange county funding corporation, established by Orange county resolution number one hundred twenty-five of the year two thousand ten, shall also comply with the provisions of this section in the same manner as the Orange county industrial development agency. The monitor shall also have all the same powers and authority, as enumerated in this section in relation to the Orange county industrial development agency, in relation to such Orange county funding corporation. 7. Notwithstanding any other provision of law to the contrary, the monitor may commence an action in any court of competent jurisdiction against the agency where money is owed by the agency including, but not limited to, any payments required for the monitor's legal counsel. , , six, seven and eight twelve-b six

  amended

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