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

This bill updates the New York State Urban Development Corporation Act to clarify how leadership roles are filled when positions become vacant. It establishes a specific process where the governor must appoint a new president or chairperson with the Senate's approval to serve out the remainder of the unexpired term. Additionally, the legislation allows the governor to designate an acting leader for up to six months while a permanent successor is confirmed. The bill also revises the text to replace gendered terms like "chairman" with the gender-neutral "chairperson" throughout the statute. These changes directly affect the corporation's governance structure and the official language used in its governing laws.