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Assembly Bill A6250

2013-2014 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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2013-A6250 (ACTIVE) - Details

See Senate Version of this Bill:
S2759
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add ยง2928, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2009-2010: A7659
2011-2012: A6118, S4449

2013-A6250 (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.

2013-A6250 (ACTIVE) - Bill Text download pdf 

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

                                  6250

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             March 25, 2013
                               ___________

Introduced  by M. of A. BRENNAN -- Multi-Sponsored by -- M. of A. JACOBS
  -- read once and referred to the Committee on  Corporations,  Authori-
  ties 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 2928 to read as follows:
  S 2928. PUBLIC BENEFITS. NO STATE  AUTHORITY  OR  LOCAL  AUTHORITY  AS
DEFINED  BY SECTION TWO OF THIS CHAPTER 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 LIST-
ING  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.
                                                           LBD05162-01-3

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