Senate Bill S4425

2009-2010 Legislative Session

Restricts industrial development agency financing of industrial and commercial projects unless located at brownfield sites

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Sponsored By

Archive: Last Bill Status - In Senate Committee Local Government Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-S4425 (ACTIVE) - Details

See Assembly Version of this Bill:
A9100
Current Committee:
Senate Local Government
Law Section:
General Municipal Law
Laws Affected:
Amd §§692, 859-a & 854, add §§696-e & 859-c, Gen Muni L

2009-S4425 (ACTIVE) - Summary

Restricts industrial development agency financing of industrial and commercial projects to areas in or near where there has been prior industrial or commercial development, also known as "brownfields"; grants economic development zone equivalent area treatment to projects in such brownfields when financed by industrial development agencies or urban development agencies; defines "class one brownfield site", "class two brownfield site" and the projects relating thereto.

2009-S4425 (ACTIVE) - Sponsor Memo

2009-S4425 (ACTIVE) - Bill Text download pdf

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

                                  4425

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                             April 23, 2009
                               ___________

Introduced  by  Sen.  O. JOHNSON  -- read twice and ordered printed, and
  when printed to be committed to the Committee on Local Government

AN ACT to amend the  general  municipal  law,  in  relation  to  placing
  certain  restrictions  on  industrial  development  agencies providing
  financial assistance to various  industrial  and  commercial  projects
  unless  located  on  or near property currently or previously used for
  industrial or commercial development,  and  providing  for  additional
  financial  incentives  through the industrial development agencies and
  urban renewal or development agencies to assist such projects

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

  Section  1.  Legislative findings. The legislature finds that farmland
and other greenfields within the state are being encroached upon  at  an
ever alarming rate and that a significant amount of such encroachment is
caused by the construction, development and operation upon such lands of
commercial  and industrial facilities, and that such encroachment has or
may have an adverse effect upon the environment,  quality  of  life  and
land  values  within such communities, as well as creating severe fiscal
problems to pay for the expanded infrastructure within the  communities,
where such facilities are located.
  The  legislature  further  finds  that where such facilities have been
relocated within the state, from  brownfields  to  such  greenfields  or
farmlands, that such relocation often leads to severe fiscal problems in
those communities from which such facilities have been relocated includ-
ing  loss  of  tax revenue and employment opportunities in such communi-
ties.
  The legislature further finds that the  use  or  reuse  of  abandoned,
vacated,  idled  or  under used industrial and commercial facility sites
(hereafter referred to in this section as "class  2  brownfield  sites")
and  especially such of those sites where expansion, use, reuse or rede-
velopment is complicated by  real  or  perceived  environmental  contam-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10955-01-9
              

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