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Assembly Bill A5210

2011-2012 Legislative Session

Requires businesses which receive industrial development or empire zone incentives to disclose on a continuing basis the conditions thereof and compliance therewith

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Archive: Last Bill Status - In Assembly Committee

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2011-A5210 (ACTIVE) - Details

Current Committee:
Assembly Local Governments
Law Section:
General Municipal Law
Laws Affected:
Add Art 18-D ยงยง971 & 972, Gen Muni L
Versions Introduced in Other Legislative Sessions:
2009-2010: A5660
2013-2014: A3790
2015-2016: A2694

2011-A5210 (ACTIVE) - Summary

Requires businesses which receive industrial development or empire zone incentives to disclose to the public, on a continuing basis, the conditions thereof and compliance therewith.

2011-A5210 (ACTIVE) - Bill Text download pdf 

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

                                  5210

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            February 14, 2011
                               ___________

Introduced  by  M. of A. KATZ, STEVENSON, CASTELLI -- Multi-Sponsored by
  -- M. of A. MOLINARO -- read once and referred  to  the  Committee  on
  Local Governments

AN  ACT  to  amend  the  general municipal law, in relation to requiring
  recipients of development assistance to fully disclose  the  prerequi-
  sites for such assistance and their compliance therewith

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

  Section 1. The general municipal law is amended by adding a new  arti-
cle 18-D to read as follows:
                              ARTICLE 18-D
                    DEVELOPMENT ASSISTANCE DISCLOSURE
SECTION 971. DEFINITIONS.
        972. DISCLOSURE.
  S 971. DEFINITIONS. AS USED IN THIS ARTICLE:
  (A) "DEVELOPMENT ASSISTANCE" MEANS:
  (1)  TAX CREDITS AND TAX EXEMPTIONS GIVEN AS INCENTIVES TO A RECIPIENT
PURSUANT TO A DEVELOPMENT ASSISTANCE AGREEMENT UNDER ARTICLE  EIGHTEEN-A
OR EIGHTEEN-B OF THIS CHAPTER; AND
  (2)  ANY  OTHER  PROGRAM OR INCENTIVE INTENDED TO PROMOTE AND ENSURE A
BUSINESS RELOCATION OR EXPANSION.
  (B) "DEVELOPMENT ASSISTANCE AGREEMENT" MEANS ANY AGREEMENT EXECUTED BY
A STATE OR MUNICIPAL BODY AND  A  RECIPIENT  SETTING  FORTH  ALL  TERMS,
CONDITIONS  AND  UNDERSTANDINGS  THEREOF OF THE PROVISION OF DEVELOPMENT
ASSISTANCE.
  (C) "RECIPIENT" MEANS ANY BUSINESS ENTITY  THAT  RECEIVES  DEVELOPMENT
ASSISTANCE PURSUANT TO A DEVELOPMENT ASSISTANCE AGREEMENT.
  S  972.  DISCLOSURE.  (A)  EVERY  RECIPIENT SHALL, UPON REQUEST OF ANY
PERSON, PROVIDE A COPY OF EACH DEVELOPMENT ASSISTANCE AGREEMENT  IT  HAS
ENTERED  INTO, A SUMMARY OF ALL DEVELOPMENT ASSISTANCE PROVIDED PURSUANT
TO SUCH AGREEMENT, A SUMMARY AND EXPLANATION OF ALL TERMS AND CONDITIONS

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07995-01-1

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