senate Bill S2446

2011-2012 Legislative Session

Authorizes tax increment bonds payable from real property taxes levied by a school district within a blighted project area

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (10)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to local government
returned to senate
died in assembly
Jun 15, 2011 referred to ways and means
delivered to assembly
passed senate
May 17, 2011 advanced to third reading
May 16, 2011 2nd report cal.
May 11, 2011 1st report cal.625
Jan 21, 2011 referred to local government

Votes

view votes

May 11, 2011 - Local Government committee Vote

S2446
5
0
committee
5
Aye
0
Nay
2
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Local Government committee vote details

Local Government Committee Vote: May 11, 2011

aye wr (2)
excused (1)

Co-Sponsors

S2446 - Details

See Assembly Version of this Bill:
A5296
Current Committee:
Law Section:
General Municipal Law
Laws Affected:
Amd §§970-b, 970-c, 970-f, 970-h, 970-m, 970-n, 970-o & 970-p, Gen Muni L
Versions Introduced in 2009-2010 Legislative Session:
S1716A, A2378A

S2446 - Summary

Authorizes tax increment bonds payable from real property taxes levied by a school district within a blighted project area.

S2446 - Sponsor Memo

S2446 - Bill Text download pdf

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

                                  2446

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 21, 2011
                               ___________

Introduced  by  Sen.  YOUNG  -- 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 the  municipal
  redevelopment  law  authorizing  tax  increment bonds payable from and
  secured by real property taxes levied by a school  district  within  a
  project area

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

  Section 1. The first undesignated paragraph of section  970-b  of  the
general  municipal  law, as added by chapter 916 of the laws of 1984 and
such section as renumbered by chapter  686  of  the  laws  of  1986,  is
amended  and  a  new  fourth  undesignated paragraph is added to read as
follows:
  It is hereby found and declared that there exists in many  communities
blighted  areas which threaten the economic and social well-being of the
people of the state. Blighted areas are characterized by one or more  of
the  conditions  set  forth  in  subdivision (a) of section nine hundred
[sixty-c] SEVENTY-C of this article.
  IT IS FURTHER FOUND AND DECLARED THAT SOUND DEVELOPMENT AND REDEVELOP-
MENT OF BLIGHTED AREAS INCREASES PUBLIC SCHOOL ENROLLMENT  BY  PROVIDING
AFFORDABLE  HOUSING  AND  EMPLOYMENT  OPPORTUNITIES  AND  THE  NEED  FOR
EXPANDED PUBLIC EDUCATION FACILITIES AND SERVICES.
  S 2. Subdivisions (b) and (f) of section 970-c of the general  munici-
pal law, as added by chapter 916 of the laws of 1984 and such section as
renumbered  by  chapter  686  of the laws of 1986, are amended and a new
subdivision (i) is added to read as follows:
  (b) "Legislative body" means (I) the governing body of a  municipality
empowered  to  adopt  and  amend  local  laws and ordinances[; provided,
however, that in the case of the city of New York, the legislative  body
shall,  for  the purposes of this article be the board of estimate], AND
(II) THE BOARD OF EDUCATION OF A SCHOOL DISTRICT OF WHICH CONSENTS TO AN

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08033-01-1

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