Relates to the applicability of open meetings and freedom of information laws to certain not-for-profit corporations

This bill modifies New York's not-for-profit corporation law to clarify transparency requirements for nonprofits formed "on behalf of" or "at the behest of" government entities (like municipalities, state agencies, or districts). It requires incorporators to disclose government ties in filing documents and mandates that certain nonprofits obtain approval from the Authorities Budget Office before establishing board structures where government officials hold significant influence. Nonprofits created for government purposes must also follow specific contract rules with local governments, including limits on contract terms and requirements for fair compensation. These changes apply directly to local development corporations and similar entities operating under government direction, ensuring greater public oversight of their governance and financial arrangements.