County Comptroller Authority to Examine Industrial Development Agency Projects

LegiScan New York

Published March 30th, 2026

Detected March 31st, 2026

Summary

New York Senate Bill S05563 would expand county comptroller authority to examine projects and actions by industrial development agencies and not-for-profit corporations. The bill passed the Senate unanimously on March 30, 2026 (56-0) and is currently pending in the Assembly Local Governments Committee. If enacted, this would grant county-level fiscal oversight of entities currently outside standard audit reach.

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What changed

Senate Bill S05563 proposes to authorize county comptrollers in New York State to examine and audit projects and actions undertaken by industrial development agencies (IDAs) and not-for-profit corporations. The bill passed the Senate with bipartisan support (56-0) on March 30, 2026, and has been referred to the Assembly Local Governments Committee for further consideration. A companion bill (A07666) was also introduced in the Assembly.

County comptrollers and fiscal officers should monitor this legislation as it progresses through the Assembly. If enacted, the bill would create new examination authority over entities that currently may fall outside standard government audit frameworks. Industrial development agencies and not-for-profit corporations operating in counties affected by this legislation may face increased scrutiny of their project activities and financial dealings. The bill does not yet have a compliance deadline as it remains in committee.

What to do next

Monitor progress of S05563 through the Assembly Local Governments Committee
Prepare for potential expanded audit/examination requests from county comptrollers if bill is enacted
Review internal project documentation and financial records for industrial development agency activities

Source document (simplified)

NY S05563 | 2025-2026 | General Assembly

New York Senate Bill 5563

NY State Legislature page for S05563
- Summary
- Sponsors
- Texts
- Votes
- Research
- Comments
- Track

Status

Sponsorship: Partisan Bill (Democrat 1)
Status: Engrossed on May 12 2025 - 50% progression
Action: 2026-03-30 - referred to local governments
Pending: Assembly Local Governments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Allows for the examination of projects and/or actions by industrial development agencies and not-for-profit corporations by county comptrollers.
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Title

Allows for the examination of projects and/or actions by industrial development agencies and not-for-profit corporations by county comptrollers.

Roll Calls

2026-03-30 - Senate - Senate Floor Vote - Final Passage (Y: 56 N: 0 NV: 0 Abs: 7) [PASS]
2026-03-10 - Senate - Senate Corporations, Authorities And Commissions Committee Vote (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]
2025-05-12 - Senate - Senate Floor Vote - Final Passage (Y: 57 N: 0 NV: 0 Abs: 5) [PASS]
2025-03-25 - Senate - Senate Corporations, Authorities And Commissions Committee Vote (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]

History

| Date | Chamber | Action |
| --- | --- | --- |
| 2026-03-30 | Assembly | referred to local governments |
| 2026-03-30 | Senate | DELIVERED TO ASSEMBLY |
| 2026-03-30 | Senate | PASSED SENATE |
| 2026-03-12 | Senate | ADVANCED TO THIRD READING |
| 2026-03-11 | Senate | 2ND REPORT CAL. |
| 2026-03-10 | Senate | 1ST REPORT CAL.508 |
| 2026-01-07 | Senate | REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS |
| 2026-01-07 | Assembly | returned to senate |
| 2026-01-07 | Assembly | died in assembly |
| 2025-05-12 | Assembly | referred to local governments |
| 2025-05-12 | Senate | DELIVERED TO ASSEMBLY |
| 2025-05-12 | Senate | PASSED SENATE |
| 2025-03-27 | Senate | ADVANCED TO THIRD READING |
| 2025-03-26 | Senate | 2ND REPORT CAL. |
| 2025-03-25 | Senate | 1ST REPORT CAL.602 |
| 2025-02-25 | Senate | REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS |

Same As/Similar To

A07666 (Same As) 2026-01-07 - referred to local governments

New York State Sources

| Type | Source |
| --- | --- |
| Summary | https://www.nysenate.gov/legislation/bills/2025/S5563 |
| Text | https://assembly.state.ny.us/leg/?default_fld=&bn=S05563&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05563 |
| Roll Call | https://www.nysenate.gov/legislation/bills/2025/S5563#SC1 |
| Roll Call | https://www.nysenate.gov/legislation/bills/2025/S5563#SF1 |
| Roll Call | https://www.nysenate.gov/legislation/bills/2025/S5563#SC2 |
| Roll Call | https://www.nysenate.gov/legislation/bills/2025/S5563#SF2 |

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