Establishes a procedure for appointing a president or chairperson upon a vacancy of such position and corrects certain gendered language

This bill updates the rules for the New York State Urban Development Corporation by clarifying how to fill leadership vacancies and modernizing the text to use gender-neutral language. It establishes that the governor must appoint a new president or chairperson with Senate approval when a position becomes empty due to death, resignation, or other reasons. Additionally, the law allows the governor to designate an acting leader for up to six months while a permanent successor is confirmed. The legislation also removes outdated terms like "chairman" and replaces them with "chairperson" throughout the governing statute.