NY Lobbying Deal Prompts Call For LDC Audit Authority

Law360, New York (July 3, 2012, 3:55 PM EDT) -- A deal between New York's attorney general and three local development corporations to end illegal lobbying prompted a renewed call Monday from the state's comptroller for power to audit the groups, which conduct billions of dollars' worth of financing for city real estate projects to spur economic growth.

Attorney General Eric T. Schneiderman said his office investigated three New York City-based LDCs, including one of the state's largest — the New York City Economic Development Corp. — and found they had run afoul of a lobbying...
To view the full article, register now.