Comptroller DiNapoli unveils new system to streamline public authority contract submissions
The Public Authorities Reform Act, enacted last March, required the State Comptroller to approve State public authority contracts in excess of one million dollars. There was much angst. While the law provided that if the Comptroller did not approve or disapprove a contract within 90 days of submission the contract would be deemed valid, Authorities thought the system would falter under the weight of thousands of contracts, particularly given the limited resources in the Comptroller’s Office. Yesterday, responding to those concerns, the Comptroller announced implementation of a web-based system to streamline the contract filing and review process and open every aspect of the process to public scrutiny. If the system succeeds it may serve to increase transparency, oversight and better safeguard the public treasury… potentially, a hat trick of sorts.