S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6353
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                              March 11, 2025
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Cities 1
 
 AN ACT to amend the real property tax law, in relation  to  providing  a
   green infrastructure tax abatement for certain properties in a city of
   one million or more

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Article 4 of the real property tax law is amended by adding
 a new title 7 to read as follows:
                                  TITLE 7
  GREEN INFRASTRUCTURE TAX ABATEMENT FOR CERTAIN PROPERTIES IN A CITY OF
                        ONE MILLION OR MORE PERSONS
 SECTION 499-AAAAAA. DEFINITIONS.
         499-BBBBBB. REAL PROPERTY TAX ABATEMENT.
         499-CCCCCC. APPLICATION FOR TAX ABATEMENT.
         499-DDDDDD. CONTINUING REQUIREMENTS.
         499-EEEEEE. REVOCATION OF TAX ABATEMENT.
         499-FFFFFF. ENFORCEMENT AND ADMINISTRATION.
         499-GGGGGG. TAX LIEN AND INTEREST.
   § 499-AAAAAA. DEFINITIONS. WHEN USED  IN  THIS  TITLE,  THE  FOLLOWING
 TERMS SHALL HAVE THE FOLLOWING MEANINGS:
   1.  "APPLICANT"  SHALL  MEAN  (A) WITH RESPECT TO AN ELIGIBLE BUILDING
 HELD IN THE COOPERATIVE OR CONDOMINIUM FORM OF OWNERSHIP, THE  BOARD  OF
 MANAGERS  OF  A  CONDOMINIUM  OR THE BOARD OF DIRECTORS OF A COOPERATIVE
 APARTMENT CORPORATION, OR (B) WITH RESPECT TO ANY OTHER ELIGIBLE  BUILD-
 ING, THE OWNER OF SUCH BUILDING.
   2.  "APPLICATION  FOR  TAX  ABATEMENT" SHALL MEAN AN APPLICATION FOR A
 GREEN INFRASTRUCTURE TAX ABATEMENT  PURSUANT  TO  SECTION  FOUR  HUNDRED
 NINETY-NINE-CCCCCC OF THIS TITLE.
   3. "ARCHITECT" SHALL MEAN A PERSON LICENSED AND REGISTERED TO PRACTICE
 THE PROFESSION OF ARCHITECTURE UNDER THE EDUCATION LAW.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00390-01-5
              

 S. 6353                             2
 
   4.  "COMPLIANCE  PERIOD" SHALL MEAN THE TAX YEAR IN WHICH A TAX ABATE-
 MENT COMMENCES AND THE THREE TAX YEARS IMMEDIATELY THEREAFTER.
   5.  "DEPARTMENT  OF FINANCE" SHALL MEAN THE DEPARTMENT OF FINANCE OF A
 CITY HAVING A POPULATION OF ONE MILLION OR MORE PERSONS.
   6. "DESIGNATED AGENCY" SHALL MEAN ONE OR MORE AGENCIES OR  DEPARTMENTS
 OF  A  CITY  HAVING A POPULATION OF ONE MILLION OR MORE PERSONS THAT ARE
 DESIGNATED BY THE MAYOR OF SUCH CITY TO EXERCISE THE  FUNCTIONS,  POWERS
 AND DUTIES OF A DESIGNATED AGENCY PURSUANT TO THIS TITLE.
   7. "ELIGIBLE BUILDING" SHALL MEAN A CLASS ONE OR CLASS TWO PROPERTY AS
 DEFINED IN SUBDIVISION ONE OF SECTION EIGHTEEN HUNDRED TWO OF THIS CHAP-
 TER,  LOCATED  WITHIN  A CITY HAVING A POPULATION OF ONE MILLION OR MORE
 PERSONS. NO BUILDING SHALL BE ELIGIBLE FOR MORE THAN ONE  TAX  ABATEMENT
 PURSUANT TO THIS TITLE PRIOR TO JANUARY FIRST, TWO THOUSAND TWENTY-SIX.
   8.  "ELIGIBLE GREEN INFRASTRUCTURE EXPENDITURES" SHALL MEAN REASONABLE
 EXPENDITURES FOR MATERIALS, LABOR COSTS PROPERLY  ALLOCABLE  TO  ON-SITE
 PREPARATION, ASSEMBLY AND ORIGINAL INSTALLATION, ARCHITECTURAL AND ENGI-
 NEERING  SERVICES,  AND  DESIGNS  AND  PLANS  DIRECTLY  RELATED  TO  THE
 CONSTRUCTION OR INSTALLATION OF A GREEN INFRASTRUCTURE PROJECT INSTALLED
 IN CONNECTION WITH AN  ELIGIBLE  BUILDING.  SUCH  ELIGIBLE  EXPENDITURES
 SHALL NOT INCLUDE INTEREST OR OTHER FINANCE CHARGES, OR ANY EXPENDITURES
 INCURRED USING A FEDERAL, STATE OR LOCAL GRANT.
   9.  "ENGINEER" SHALL MEAN A PERSON LICENSED AND REGISTERED TO PRACTICE
 THE PROFESSION OF ENGINEERING UNDER THE EDUCATION LAW.
   10. "GREEN INFRASTRUCTURE PROJECT" SHALL MEAN ANY  PROJECT  THAT  USES
 PLANT OR SOIL SYSTEMS, PERMEABLE PAVEMENT OR OTHER PERMEABLE SURFACES OR
 SUBSTRATES,  STORMWATER  HARVEST  AND  REUSE,  OR  LANDSCAPING TO STORE,
 INFILTRATE, OR EVAPOTRANSPIRATE STORMWATER AND  REDUCE  FLOWS  TO  SEWER
 SYSTEMS  OR  TO  SURFACE WATERS. GREEN INFRASTRUCTURE SHALL INCLUDE, BUT
 SHALL NOT BE LIMITED TO, RAIN  GARDENS,  PLANTER  BOXES,  AND  PERMEABLE
 PAVEMENTS. AS USED IN THIS SUBDIVISION:
   (A)  "RAIN  GARDEN" SHALL MEAN A SHALLOW VEGETATED BASIN THAT COLLECTS
 AND ABSORBS STORMWATER RUNOFF.
   (B) "PLANTER BOX" SHALL MEAN SMALL RAIN GARDENS WITH VERTICAL WALLS.
   (C) "PERMEABLE PAVEMENT" SHALL MEAN HARD SURFACES THAT PERMIT WATER TO
 SEEP INTO THE GROUND WHERE IT FALLS.
   § 499-BBBBBB. REAL PROPERTY TAX ABATEMENT. AN ELIGIBLE BUILDING  SHALL
 RECEIVE  AN  ABATEMENT  OF REAL PROPERTY TAXES AS PROVIDED IN THIS TITLE
 AND THE RULES PROMULGATED HEREUNDER.  1.  IF  THE  GREEN  INFRASTRUCTURE
 PROJECT  IS  COMPLETED AND OPERATIONAL ON OR AFTER THE EFFECTIVE DATE OF
 THIS TITLE, FOR EACH YEAR OF THE COMPLIANCE PERIOD  SUCH  TAX  ABATEMENT
 SHALL  BE THE LESSER OF (I) SEVEN AND ONE-HALF PERCENT OF ELIGIBLE GREEN
 INFRASTRUCTURE EXPENDITURES; (II) THE AMOUNT OF TAXES  PAYABLE  IN  SUCH
 TAX YEAR; OR (III) TWENTY THOUSAND DOLLARS.
   2.  SUCH  TAX  ABATEMENT  SHALL  COMMENCE  ON JULY FIRST FOLLOWING THE
 APPROVAL OF AN APPLICATION FOR TAX ABATEMENT BY A DESIGNATED AGENCY, AND
 SHALL NOT BE CARRIED OVER TO ANY SUBSEQUENT TAX YEAR.
   3. WITH RESPECT TO ANY ELIGIBLE BUILDING HELD IN THE CONDOMINIUM  FORM
 OF  OWNERSHIP THAT RECEIVES A TAX ABATEMENT PURSUANT TO THIS TITLE, SUCH
 TAX ABATEMENT BENEFITS SHALL BE APPORTIONED AMONG ALL OF THE CONDOMINIUM
 TAX LOTS WITHIN SUCH ELIGIBLE BUILDING.
   4. IF, AS A RESULT OF APPLICATION TO THE TAX  COMMISSION  OR  A  COURT
 ORDER  OR  ACTION  BY  THE  DEPARTMENT OF FINANCE, THE BILLABLE ASSESSED
 VALUE FOR ANY FISCAL YEAR IN WHICH THE TAX ABATEMENT IS TAKEN IS REDUCED
 AFTER THE ASSESSMENT ROLL BECOMES FINAL, THE DEPARTMENT OF FINANCE SHALL
 RECALCULATE THE ABATEMENT SO THAT THE ABATEMENT GRANTED SHALL NOT EXCEED
 THE ANNUAL TAX LIABILITY AS SO REDUCED. THE AMOUNT EQUAL TO THE  DIFFER-
 S. 6353                             3
 
 ENCE  BETWEEN  THE  ABATEMENT ORIGINALLY GRANTED AND THE ABATEMENT AS SO
 RECALCULATED SHALL BE DEDUCTED FROM  ANY  REFUND  OTHERWISE  PAYABLE  OR
 REMISSION  OTHERWISE  DUE  AS  A  RESULT  OF  SUCH REDUCTION IN BILLABLE
 ASSESSED VALUE.
   § 499-CCCCCC. APPLICATION FOR TAX ABATEMENT. 1. TO OBTAIN A TAX ABATE-
 MENT  PURSUANT TO THIS TITLE, AN APPLICANT SHALL FILE AN APPLICATION FOR
 TAX ABATEMENT, WHICH MAY BE FILED ON OR AFTER JANUARY FIRST,  TWO  THOU-
 SAND TWENTY-SIX.
   2.  SUCH  APPLICATION SHALL BE FILED WITH A DESIGNATED AGENCY NO LATER
 THAN THE MARCH FIFTEENTH BEFORE  THE  FIRST  TAX  YEAR,  BEGINNING  JULY
 FIRST, FOR WHICH THE TAX ABATEMENT IS SOUGHT.
   3. (A) SUCH APPLICATION SHALL CONTAIN THE FOLLOWING:
   (I)  THE  NAME  AND  ADDRESS  OF THE APPLICANT AND THE LOCATION OF THE
 GREEN INFRASTRUCTURE PROJECT;
   (II) PROOF THAT THE APPLICANT RECEIVED  ALL  REQUIRED  CERTIFICATIONS,
 PERMITS  AND  OTHER  APPROVALS  TO  CONSTRUCT  THE  GREEN INFRASTRUCTURE
 PROJECT;
   (III) CERTIFICATIONS IN A FORM PRESCRIBED BY A DESIGNATED AGENCY, FROM
 AN ARCHITECT, ENGINEER OR OTHER CERTIFIED OR LICENSED PROFESSIONAL  WHOM
 A  DESIGNATED AGENCY DESIGNATES BY RULE, THAT (1) A GREEN INFRASTRUCTURE
 PROJECT HAS BEEN PLACED IN SERVICE IN CONNECTION WITH AN ELIGIBLE BUILD-
 ING IN ACCORDANCE WITH THIS TITLE, THE RULES PROMULGATED HEREUNDER,  AND
 LOCAL  CONSTRUCTION  AND FIRE CODES, AND (2) IF THE GREEN INFRASTRUCTURE
 PROJECT HAS BEEN PLACED ON THE ROOF OF A BUILDING  OR  OTHER  STRUCTURE,
 THAT  A  STRUCTURAL  ANALYSIS  HAS BEEN PERFORMED ESTABLISHING THAT SUCH
 BUILDING OR STRUCTURE CAN SUSTAIN THE LOAD OF SUCH PROJECT;
   (IV) AN AGREEMENT TO PERMIT A DESIGNATED AGENCY  OR  ITS  DESIGNEE  TO
 INSPECT THE GREEN INFRASTRUCTURE PROJECT UPON REASONABLE NOTICE; AND
   (V)  ANY  OTHER INFORMATION OR CERTIFICATIONS REQUIRED BY A DESIGNATED
 AGENCY PURSUANT TO THIS TITLE AND THE RULES PROMULGATED HEREUNDER.
   (B) ALL CERTIFICATIONS REQUIRED BY THIS TITLE OR THE RULES PROMULGATED
 HEREUNDER SHALL SET FORTH THE SPECIFIC FINDINGS UPON WHICH  THE  CERTIF-
 ICATION  IS  BASED, AND SHALL INCLUDE INFORMATION SUFFICIENT TO IDENTIFY
 THE ELIGIBLE BUILDING,  THE  CERTIFYING  ENGINEER,  ARCHITECT  OR  OTHER
 PROFESSIONAL,  AND  SUCH  OTHER  INFORMATION  AS  MAY BE PRESCRIBED BY A
 DESIGNATED AGENCY.
   4. AN APPLICATION FOR TAX ABATEMENT SHALL BE IN ANY FORMAT  PRESCRIBED
 BY A DESIGNATED AGENCY, INCLUDING ELECTRONIC FORM.
   5.  AN APPLICATION FOR TAX ABATEMENT SHALL BE APPROVED BY A DESIGNATED
 AGENCY UPON DETERMINING THAT THE APPLICANT HAS SUBMITTED PROOF  ACCEPTA-
 BLE  TO  SUCH AGENCY THAT THE REQUIREMENTS FOR OBTAINING A TAX ABATEMENT
 PURSUANT TO THIS TITLE AND THE RULES  PROMULGATED  HEREUNDER  HAVE  BEEN
 MET.  THE BURDEN OF PROOF SHALL BE ON THE APPLICANT TO SHOW BY CLEAR AND
 CONVINCING  EVIDENCE  THAT THE REQUIREMENTS FOR GRANTING A TAX ABATEMENT
 HAVE BEEN SATISFIED.
   6. UPON NOTIFICATION FROM A DESIGNATED AGENCY THAT AN APPLICATION  FOR
 TAX  ABATEMENT  HAS BEEN APPROVED, THE DEPARTMENT OF FINANCE SHALL APPLY
 THE TAX ABATEMENT, PROVIDED THERE ARE NO OUTSTANDING REAL ESTATE  TAXES,
 WATER  AND  SEWER  CHARGES, PAYMENTS IN LIEU OF TAXES OR OTHER MUNICIPAL
 CHARGES WITH RESPECT TO THE ELIGIBLE BUILDING.
   § 499-DDDDDD. CONTINUING REQUIREMENTS.  THE  TAX  ABATEMENT  SHALL  BE
 CONDITIONED UPON:
   1.  CONTINUING COMPLIANCE DURING THE COMPLIANCE PERIOD WITH ALL APPLI-
 CABLE  PROVISIONS  OF  LAW,  INCLUDING  WITHOUT  LIMITATION  THE   LOCAL
 CONSTRUCTION  AND  FIRE  CODES,  MAINTAINING  THE  GREEN  INFRASTRUCTURE
 PROJECT IN SUCH A MANNER THAT IT CONTINUOUSLY CONSTITUTES  SUCH  PROJECT
 S. 6353                             4
 
 WITHIN  THE  MEANING  OF THIS TITLE AND THE RULES PROMULGATED HEREUNDER,
 AND PERMITTING A DESIGNATED  AGENCY  OR  ITS  DESIGNEE  TO  INSPECT  THE
 PROJECT  AND  ANY RELATED STRUCTURES AND PROJECT UPON REASONABLE NOTICE;
 AND
   2.  REAL  ESTATE  TAXES,  WATER AND SEWER CHARGES, PAYMENTS IN LIEU OF
 TAXES OR OTHER MUNICIPAL CHARGES WITH RESPECT TO  AN  ELIGIBLE  BUILDING
 NOT  HAVING BEEN DUE AND OWING DURING THE COMPLIANCE PERIOD FOR A PERIOD
 OF SIX MONTHS OR MORE.
   § 499-EEEEEE. REVOCATION  OF  TAX  ABATEMENT.  1.  THE  DEPARTMENT  OF
 FINANCE  SHALL  REVOKE,  IN  WHOLE OR IN PART, ANY TAX ABATEMENT GRANTED
 PURSUANT TO THIS TITLE WHENEVER A DESIGNATED AGENCY HAS  DETERMINED  AND
 NOTIFIED THE DEPARTMENT OF FINANCE THAT:
   (A) AN APPLICANT HAS FAILED TO COMPLY WITH A REQUIREMENT OF THIS TITLE
 OR  ANY  RULE  PROMULGATED  HEREUNDER  AT ANY TIME DURING THE COMPLIANCE
 PERIOD, INCLUDING WITHOUT LIMITATION ANY OF THE CONTINUING  REQUIREMENTS
 SET  FORTH IN SUBDIVISION ONE OF SECTION FOUR HUNDRED NINETY-NINE-DDDDDD
 OF THIS TITLE;
   (B) AN ELIGIBLE BUILDING HAS NOT BEEN IN COMPLIANCE AT ANY TIME DURING
 THE COMPLIANCE PERIOD WITH A REQUIREMENT  OF  THIS  TITLE  OR  ANY  RULE
 PROMULGATED HEREUNDER;
   (C)  THE  GREEN  INFRASTRUCTURE  PROJECT FOR WHICH A TAX ABATEMENT WAS
 GRANTED HAS AT ANY TIME DURING THE COMPLIANCE PERIOD FAILED TO MEET  ANY
 REQUIREMENT  FOR SUCH PROJECT PURSUANT TO THIS TITLE OR ANY RULE PROMUL-
 GATED HEREUNDER;
   (D) THE GREEN INFRASTRUCTURE PROJECT  HAS  BECOME  A  FIRE  OR  SAFETY
 HAZARD AT ANY TIME DURING THE COMPLIANCE PERIOD; OR
   (E)  AN APPLICATION, CERTIFICATION, REPORT OR OTHER DOCUMENT SUBMITTED
 BY THE APPLICANT CONTAINS A FALSE OR MISLEADING STATEMENT AS TO A  MATE-
 RIAL FACT OR OMITS TO STATE ANY MATERIAL FACT NECESSARY IN ORDER TO MAKE
 THE STATEMENT THEREIN NOT FALSE OR MISLEADING.
   2.  THE DEPARTMENT OF FINANCE MAY REVOKE, IN WHOLE OR IN PART, ANY TAX
 ABATEMENT GRANTED PURSUANT TO THIS TITLE WHENEVER IT HAS DETERMINED THAT
 AN APPLICANT HAS FAILED TO COMPLY WITH THE  CONTINUING  REQUIREMENT  SET
 FORTH  IN  SUBDIVISION TWO OF SECTION FOUR HUNDRED NINETY-NINE-DDDDDD OF
 THIS TITLE.
   3. WHERE IT HAS BEEN DETERMINED BY A DESIGNATED AGENCY,  AFTER  NOTICE
 AND  AN  OPPORTUNITY TO BE HEARD, THAT ANY OF THE PROVISIONS OF SUBDIVI-
 SION ONE OF THIS SECTION HAVE NOT BEEN COMPLIED  WITH,  SUCH  DESIGNATED
 AGENCY SHALL SO NOTIFY THE DEPARTMENT OF FINANCE NO LATER THAN THE NINE-
 TIETH DAY AFTER THE LAST DAY OF THE COMPLIANCE PERIOD.
   4.  AN APPLICANT SHALL PAY, WITH INTEREST, SUCH PART OF ANY TAX ABATE-
 MENT RECEIVED PURSUANT TO THIS TITLE THAT REPRESENTS THE PERIOD OF  NON-
 COMPLIANCE  AS  DETERMINED BY THE DESIGNATED AGENCY OR THE DEPARTMENT OF
 FINANCE, AS THE CASE MAY  BE.  IN  ADDITION,  A  DESIGNATED  AGENCY  MAY
 DECLARE  ANY  APPLICANT  INELIGIBLE FOR FUTURE TAX ABATEMENT PURSUANT TO
 THIS TITLE IF ANY APPLICATION, CERTIFICATION, REPORT OR  OTHER  DOCUMENT
 SUBMITTED  BY  THE APPLICANT CONTAINS A FALSE OR MISLEADING STATEMENT AS
 TO A MATERIAL FACT OR OMITS TO STATE  ANY  MATERIAL  FACT  NECESSARY  IN
 ORDER TO MAKE THE STATEMENT THEREIN NOT FALSE OR MISLEADING.
   §  499-FFFFFF.  ENFORCEMENT  AND  ADMINISTRATION. 1. THE DEPARTMENT OF
 FINANCE SHALL HAVE, IN ADDITION  TO  ANY  OTHER  FUNCTIONS,  POWERS  AND
 DUTIES  THAT  HAVE  BEEN OR MAY BE CONFERRED ON IT BY LAW, THE FOLLOWING
 FUNCTIONS, POWERS AND DUTIES TO BE EXERCISED  IN  ACCORDANCE  WITH  THIS
 TITLE:
   (A) TO APPLY A TAX ABATEMENT;
   (B) TO REVOKE ALL OR PART OF ANY SUCH TAX ABATEMENT;
 S. 6353                             5
 
   (C)  TO  MAKE  AND  PROMULGATE RULES TO CARRY OUT THE PURPOSES OF THIS
 TITLE; AND
   (D)  ANY  OTHER  FUNCTION,  POWER  OR DUTY NECESSARILY IMPLIED BY THIS
 TITLE.
   2. A DESIGNATED AGENCY SHALL HAVE, IN ADDITION TO ANY OTHER FUNCTIONS,
 POWERS AND DUTIES THAT HAVE BEEN OR MAY BE CONFERRED ON IT BY  LAW,  THE
 FOLLOWING  FUNCTIONS,  POWERS  AND  DUTIES TO BE EXERCISED IN ACCORDANCE
 WITH THIS TITLE:
   (A) TO RECEIVE, REVIEW, APPROVE AND DENY APPLICATIONS FOR  TAX  ABATE-
 MENT;
   (B) TO INSPECT GREEN INFRASTRUCTURE PROJECTS;
   (C)  TO  ESTABLISH  PERMIT  OR CERTIFICATION REQUIREMENTS TO DETERMINE
 WHEN THE GREEN INFRASTRUCTURE PROJECT HAS BEEN PLACED IN  SERVICE,  SUCH
 AS  CERTIFICATION  BY  AN  ARCHITECT,  ENGINEER  OR  OTHER  CERTIFIED OR
 LICENSED PROFESSIONAL WHOM A DESIGNATED AGENCY DESIGNATES BY RULE;
   (D) TO ESTABLISH GUIDANCE AND PROCEDURES FOR DETERMINING OR CERTIFYING
 ELIGIBLE GREEN INFRASTRUCTURE PROJECT EXPENDITURES;
   (E) TO PRESCRIBE FORMS AND MAKE AND PROMULGATE RULES TO CARRY OUT  THE
 PURPOSES OF THIS TITLE;
   (F)  TO  MAKE THE DETERMINATIONS PROVIDED FOR IN SECTIONS FOUR HUNDRED
 NINETY-NINE-CCCCCC AND FOUR HUNDRED NINETY-NINE-EEEEEE OF THIS TITLE AND
 TO NOTIFY THE DEPARTMENT OF FINANCE OF SUCH DETERMINATIONS; AND
   (G) ANY OTHER FUNCTION, POWER OR  DUTY  NECESSARILY  IMPLIED  BY  THIS
 TITLE.
   3.  IF A DESIGNATED AGENCY DETERMINES THAT AN ARCHITECT OR ENGINEER OR
 OTHER CERTIFIED OR LICENSED PROFESSIONAL WHOM A DESIGNATED AGENCY DESIG-
 NATES BY RULE, IN MAKING ANY CERTIFICATION UNDER THIS TITLE OR ANY  RULE
 PROMULGATED  HEREUNDER,  ENGAGED  IN  PROFESSIONAL MISCONDUCT, THEN SUCH
 DEPARTMENT SHALL SO INFORM THE EDUCATION DEPARTMENT OR OTHER APPROPRIATE
 CERTIFYING OR LICENSING AUTHORITY.
   4. A DESIGNATED  AGENCY  MAY  PROVIDE  FOR  REASONABLE  ADMINISTRATIVE
 CHARGES  OR  FEES  NECESSARY TO DEFRAY EXPENSES OF ADMINISTERING THE TAX
 ABATEMENT PROGRAM ESTABLISHED BY THIS TITLE.
   5. A DESIGNATED AGENCY AND THE DEPARTMENT OF FINANCE  SHALL  ESTABLISH
 PROCEDURES  THAT ARE NECESSARY OR APPROPRIATE FOR (A) THE TIMELY NOTIFI-
 CATION TO THE DEPARTMENT  OF  FINANCE  BY  A  DESIGNATED  AGENCY  OF  AN
 APPROVAL  OF  AN  APPLICATION  FOR TAX ABATEMENT OR OF ANY NONCOMPLIANCE
 PURSUANT TO SECTION FOUR HUNDRED NINETY-NINE-EEEEEE OF  THIS  TITLE  AND
 (B)  ANY  OTHER  INTERAGENCY  COORDINATION TO FACILITATE THE PURPOSES OF
 THIS TITLE.
   § 499-GGGGGG.  TAX  LIEN  AND  INTEREST.  ALL  TAXES,  WITH  INTEREST,
 REQUIRED  TO  BE PAID RETROACTIVELY PURSUANT TO THIS TITLE SHALL CONSTI-
 TUTE A TAX LIEN AS OF THE DATE IT IS DETERMINED SUCH TAXES AND  INTEREST
 ARE OWED. ALL INTEREST SHALL BE CALCULATED FROM THE DATE THE TAXES WOULD
 HAVE  BEEN  DUE BUT FOR THE TAX ABATEMENT GRANTED PURSUANT TO THIS TITLE
 AT THE APPLICABLE RATE OR RATES OF INTEREST IMPOSED GENERALLY  FOR  NON-
 PAYMENT  OF  REAL PROPERTY TAX WITH RESPECT TO THE ELIGIBLE BUILDING FOR
 THE PERIOD IN QUESTION.
   § 2. This act shall take effect immediately.