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Assembly Bill A7659

2009-2010 Legislative Session

Provides that a public authority or municipality may not provide a tax benefit without declaring a specific listing of the public benefit

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Archive: Last Bill Status - In Assembly Committee

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2009-A7659 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add ยง2927, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2011-2012: A6118
2013-2014: A6250

2009-A7659 (ACTIVE) - Summary

Provides that a public authority or municipality may not provide a tax benefit without declaring a specific published listing of the public benefit.

2009-A7659 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7659

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                             April 17, 2009
                               ___________

Introduced  by M. of A. BRODSKY -- read once and referred to the Commit-
  tee on Corporations, Authorities and Commissions

AN ACT to amend the public authorities law, in relation to public  bene-
  fits in exchange for public funds

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The public authorities law  is  amended  by  adding  a  new
section 2927 to read as follows:
  S  2927.  PUBLIC  BENEFITS.  NO  STATE AUTHORITY OR LOCAL AUTHORITY AS
DEFINED BY SECTION TWO OF THIS CHAPTER AS ADDED BY CHAPTER SEVEN HUNDRED
SIXTY-SIX OF THE LAWS OF TWO THOUSAND FIVE  AND  NO  OTHER  GOVERNMENTAL
ENTITY  MAY ISSUE, APPROVE OR SEEK THE GRANT OR TRANSFER OF ANY ECONOMIC
OR FINANCIAL BENEFIT TO A PRIVATE ENTITY WITHOUT  A  SPECIFIC  PUBLISHED
LISTING  OF  THE  BENEFITS  TO  BE RECEIVED BY THE PUBLIC. SUCH BENEFITS
SHALL INCLUDE BUT NOT BE  LIMITED  TO  EMPLOYMENT,  PUBLIC  ACCESS,  AND
PRIVATE  INVESTMENT. THE PUBLISHED LISTING SHALL BE MADE PUBLIC AT LEAST
SIXTY DAYS BEFORE THE ISSUANCE OF THE ECONOMIC OR FINANCIAL BENEFITS.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11193-02-9

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