PROCUREMENT LOBBYING LAW
FREQUENTLY ASKED QUESTIONS (FAQs)
Replaces previously released version in its entirety
3.4. How are industrial development agencies covered? What activities of an industrial development agency trigger the obligations under the Law? (Last Updated: 7/19/2023)
A: An industrial development agency (IDA) located in jurisdictional subdivisions of the State with a population of more than 50,000 is included in the definition of Governmental Entity under §§ 139-j and 139-k of the State Finance Law. An IDA that engages in contracts or other agreements for an Article of Procurement involving an estimated annualized expenditure in excess of $15,000 is required to comply with the obligations under §§ 139-j and 139-k of the State Finance Law.