Prohibits confidentiality and non-disclosure provisions from inclusion in contracts pertaining to economic development, entered into by the state or a municipality or any party negotiating on behalf of such governmental entity.

This bill aims to prevent state and local governments in New York from including confidentiality and non-disclosure clauses in contracts related to economic development. This means that details about these contracts would be made public, allowing for greater transparency. The goal is to ensure that the public can access information about how taxpayer money is being spent in economic development projects.

Supporters of the bill would argue that it promotes transparency and accountability in government dealings, especially concerning taxpayer-funded projects. They believe that making contract details public will foster trust between the government and the community, ensuring that economic development efforts are in the best interest of the public.

Critics of the bill might contend that removing confidentiality provisions could deter private investment and make negotiations more difficult for the state and municipalities. They may argue that some level of confidentiality is necessary to protect sensitive business information and to create a competitive environment for economic development.