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Following a review, Governor Kathy Hochul repealed, cancelled and revoked in their entirety Executive Orders by previous Governors with the exception of the Executive Orders set forth below and any amendments thereto, which shall remain in full force and effect until otherwise revoked, superseded or modified.
Viewpoint: New York public authorities oversight improving
Ira M. Millstein and Scott N. Fein
Feb. 21, 2021
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As we seek to put our economy back on track, attention has turned to public authorities. These little-known and even less-understood entities have for more than 50 years backstopped government when taxes and revenue fall short.
With the capacity to borrow from banks and capital markets, public authorities, used in the thousands throughout our nation and most industrialized countries, help sustain vital government functions including the provision of public housing, and hospitals, transportation, electric power, schools, and environmental safeguards. Some have described them as the government’s ATM and others characterize their use as the Hail Mary play when fiscal disaster looms.