Establishes a procedure for appointing a president or chairperson upon a vacancy of such position

This bill establishes a clear procedure for filling leadership vacancies in the New York State Urban Development Corporation. Specifically, it requires the governor to appoint a successor for the president or chairperson position (with Senate approval) to serve the remaining term when a vacancy occurs due to death, resignation, or other reasons, and allows for a temporary acting appointment for up to six months. The bill directly affects the governor, Senate, and the corporation's leadership structure.