Establishes a procedure for appointing a president or chairperson upon a vacancy of such position

This bill establishes a clear process for filling vacancies in the New York State Urban Development Corporation's president or chairperson roles. If the position becomes vacant due to death, resignation, or other reasons, the governor must appoint a successor with the Senate's advice and consent to serve the remaining term. The governor may also name an acting president or chairperson for up to six months or until the Senate confirms a permanent replacement. This procedural change directly affects the corporation's leadership structure and governance.