...Local development corporations, or LDCs, are nonprofit entities frequently used by municipal and county governments to finance development projects, provide loans, support small businesses and undertake other public-purpose activities.
Although they perform functions associated with government and may use public resources, their nonprofit status can place them outside transparency requirements that ordinarily apply to government agencies.
According to Paulin’s office, the New York State Comptroller has warned that local governments sometimes use LDCs to circumvent transparency and public scrutiny requirements. MORE AT Amy Paulin Pushes Bills to Expand FOIL and Open Meetings Law to Government-Affiliated Nonprofits - Talk of the Sound
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