S T A T E O F N E W Y O R K
2011-2012 Regular Sessions
I N S E N A T E
January 14, 2011
Introduced by Sens. VALESKY, ADAMS -- read twice and ordered printed,
and when printed to be committed to the Committee on Corporations,
Authorities and Commissions
AN ACT in relation to the recovery of state governmental costs from
industrial development agencies; and to repeal section 2975-a of the
public authorities law relating thereto
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 2975-a of the public authorities law is REPEALED.
S 2. All monies paid by or on behalf of any industrial development
agency or authority to reimburse to New York state an allocable share of
state governmental costs attributable to the provision of services to
industrial development agencies as determined in section 2975-a of the
public authorities law shall be reimbursed to the paying entity within
ninety days of the effective date of this act.
S 3. This act shall take effect immediately and shall be deemed to
have been in full force and effect on and after April 1, 2010.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.