March 3, 2010
DiNapoli Releases Public Authority Regulations
New York State Comptroller Thomas P. DiNapoli today released draft regulations for reviewing state public authority contracts. Under the Public Authorities Reform Act of 2009, which went into effect on Monday, DiNapoli is authorized to provide oversight of certain state public authority contracts valued at $1 million or greater.
"New Yorkís public authorities need more oversight, more accountability and more transparency," DiNapoli said. "For far too long public authorities have operated in the shadows. They spend taxpayer money without real accountability. The money spent by public authorities should be open to public scrutiny."
By law, the Comptrollerís office is responsible for reviewing all state agency contracts that exceed a certain dollar threshold, generally $50,000. In 2009, the Comptrollerís staff reviewed more than 36,000 contracts valued at $41 billion. The Public Authorities Reform Act of 2009 includes provisions, which requires state public authorities to meet new oversight requirements.
DiNapoliís draft regulations, available at www.dos.state.ny.us/info/register/2010.html in the March 3 issue of the State Register, establish guidelines for state authority contracts, including:
The public has 45 days to provide comment on the draft regulations.