Assembly Bill A3826

2011-2012 Legislative Session

Eliminates the twenty million dollar cap on civic facilities authorized to be financed by industrial development agencies and authorities

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Archive: Last Bill Status - In Assembly 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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2011-A3826 (ACTIVE) - Details

Current Committee:
Assembly Local Governments
Law Section:
General Municipal Law
Laws Affected:
Amd §§874, 854, 859-a, 862 & 859, Gen Muni L; amd §2306, Pub Auth L; amd §15, Chap 66 of 1994
Versions Introduced in 2009-2010 Legislative Session:
A5700

2011-A3826 (ACTIVE) - Summary

Relates to funding of certain civic facilities by industrial development agencies.

2011-A3826 (ACTIVE) - Bill Text download pdf

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

                                  3826

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            January 27, 2011
                               ___________

Introduced  by M. of A. MORELLE, SCHIMMINGER, CANESTRARI, MAGEE, CAHILL,
  ZEBROWSKI,  COOK,  MAGNARELLI,  GUNTHER,  V. LOPEZ,  HOYT,  P. RIVERA,
  ENGLEBRIGHT  --  Multi-Sponsored  by  --  M. of A. BENEDETTO, BOYLAND,
  BRENNAN,  CAMARA,  CORWIN,  DESTITO,  GALEF,  HAWLEY,  KOLB,  LATIMER,
  LAVINE,  LIFTON,  LUPARDO,  ROBINSON, TITUS, TOWNS, WEISENBERG -- read
  once and referred to the Committee on Local Governments

AN ACT to amend the general municipal law  and  the  public  authorities
  law, in relation to authorizing financing assistance for civic facili-
  ties  by  industrial  development agencies, and in relation to the tax
  exemption status of industrial development agencies; to amend  chapter
  66  of  the  laws of 1994, amending the public health law, the general
  municipal law and the insurance law relating to the financing of  life
  care  communities,  in relation to the application deadline for eligi-
  bility for assistance  from  an  industrial  development  agency;  and
  providing  for  the  repeal  of certain provisions upon the expiration
  thereof

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

  Section 1. Paragraph (b) of subdivision 4 of section 874 of the gener-
al  municipal  law,  as  amended  by chapter 357 of the laws of 1993, is
amended and a new subdivision 10 is added to read as follows:
  (b) THE UNIFORM TAX EXEMPTION  POLICY  ESTABLISHED  PURSUANT  TO  THIS
SECTION  SHALL  BE  REVIEWED  AND READOPTED BY THE AGENCY AT LEAST EVERY
FIVE YEARS FOLLOWING A PUBLIC HEARING. NOTICE OF THIS HEARING  SHALL  BE
GIVEN  TO THE CHIEF EXECUTIVE OFFICER OF EACH AFFECTED TAX JURISDICTIONS
AT LEAST SIXTY DAYS BEFORE THE HEARING. PRIOR TO THE HEARING THE  AGENCY
SHALL  REVIEW,  AND  RESPOND  TO  ANY  CORRESPONDENCE  RECEIVED FROM ANY
AFFECTED TAX JURISDICTION. THE AGENCY SHALL ALLOW ANY REPRESENTATIVE  OF
AN  AFFECTED  TAX JURISDICTION TO ADDRESS THE AGENCY AT THE HEARING. THE
AGENCY SHALL DEVELOP AND SUBMIT A REPORT TO THE AFFECTED  TAX  JURISDIC-
TIONS  SIXTY  DAYS PRIOR TO THE HEARING WHICH DETAILS THE PROJECTS WHICH

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05404-01-1
              

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