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The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
Website. Official website. The New York state comptroller is an elected constitutional officer of the U.S. state of New York and head of the New York state government 's Department of Audit and Control. [2] Sixty-one individuals have held the office of State Comptroller since statehood. The incumbent is Thomas DiNapoli, a Democrat.
The New York State Financial Control Board was created in 1975 following a financial crisis and state bailout to oversee municipal spending. The board included both government officials and citizen representatives. The board was created pursuant to the New York State Financial Emergency Act of The City of New York, and was initially known as ...
The flag of New York. The Government of the State of New York, headquartered at the New York State Capitol in Albany, encompasses the administrative structure of the U.S. state of New York, as established by the state's constitution. Analogously to the US federal government, it is composed of three branches: executive, legislative, and judicial.
The New York State Authorities Budget Office ( ABO) is an independent office in the state of New York established by the Public Authorities Accountability Act of 2005 and signed into law by Governor Pataki in 2006. [ 1] In 2009, the ABO was restructured as part of the Public Authorities Reform Act.
The New York State Energy Research and Development Authority (NYSERDA), established in 1975, is a New York State public-benefit corporation, located in Albany, New York, with regional offices in New York City, Buffalo, and West Valley. NYSERDA offers information and analysis, programs, technical expertise, and funding aimed at helping New ...
Hevesi is the son of former New York State Comptroller Alan Hevesi, and the brother of former New York State Senator Daniel Hevesi. [3]Andrew Hevesi held several public service positions before being elected to the New York State Assembly, including a period in both the Queens District Attorney's office and as Director of Community Affairs for Public Advocate Betsy Gotbaum.
These assets are overseen by the New York State Comptroller's office and are held on behalf of more than one million members of the New York State and Local Retirement Systems (NYSLRS). As of March 31, 2018, its one-year return was 11.35%, however its 10-year return was 6.4%. In 2017, the fund was able to cover about 95% of the benefits it paid ...