Senate BillIntroduced
S 3405: Authorizes the comptroller to audit local development corporations.
What S 3405 does, verified January 8, 2026
The bill aims to amend the not-for-profit corporation law to authorize the state comptroller to audit local development corporations. The comptroller will have the authority to audit these corporations, which are incorporated or reincorporated under the law. This amendment will enable the comptroller to conduct audits and ensure compliance with the law. The changes will take effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS (2026-01-07)Alert me
Quick answers about S 3405
- What is the current status of S 3405?
- As of January 8, 2026, S 3405 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS".
- Did S 3405 pass?
- Not yet. S 3405 has been introduced and has not passed either house.
- Who wrote S 3405, and where is it now?
- S 3405 was authored by Sen. Leroy Comrie. Its committee of record is Senate Corporations, Authorities & Commissions.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS |
| Jan. 27, 2025 | REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS |
Latest bill textIntroduced version, January 27, 2025 · 165 words
STATE OF NEW YORK ________________________________________________________________________ 3405 2025-2026 Regular Sessions IN SENATE January 27, 2025 ___________ Introduced by Sen. COMRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the not-for-profit corporation law, in relation to authorizing the comptroller to audit local development corporations The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (i) of section 1411 of the not-for-profit corpo- 2 ration law is relettered paragraph (j) and a new paragraph (i) is added 3 to read as follows: 4 (i) Audit. 5 The comptroller has the authority to audit any local development 6 corporation incorporated or reincorporated pursuant to this section. 7 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05203-01-5
Text of S 3405 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions