senate Bill S1250

2013-2014 Legislative Session

Establishes an urban and community development program within the state urban development corporation to assist projects in distressed areas

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Archive: Last Bill Status -

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

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view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to corporations, authorities and commissions
Jan 09, 2013 referred to corporations, authorities and commissions


S1250 - Details

Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Amd §3, add §16-v, UDC Act
Versions Introduced in Previous Legislative Sessions:
2011-2012: S2785A
2009-2010: S1129A

S1250 - Summary

Establishes an urban and community development program in the urban development corporation; defines relevant terms; provides for procedures to be followed in implementing the program; provides for preference to be given to economic assistance for projects in distressed areas.

S1250 - Sponsor Memo

S1250 - Bill Text download pdf

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


                       2013-2014 Regular Sessions

                            I N  S E N A T E


                             January 9, 2013

Introduced  by  Sens.  PERKINS,  DIAZ,  HASSELL-THOMPSON, PARKER -- read
  twice and ordered printed, and when printed to  be  committed  to  the
  Committee on Corporations, Authorities and Commissions

AN ACT to amend the New York state urban development corporation act, in
  relation to establishing an urban and community development program


  Section 1. Statement of legislative findings and purpose.  The  legis-
lature  finds  that  the  recent  shift  in  emphasis toward state/local
economic development partnerships and  state  support  of  regional  and
local  economic  development activities requires a clear articulation of
strategic objectives, a delineation of respective state/local roles, and
a responsive state mechanism for delivering assistance and services.
  The legislature further finds that New York state has a broad  network
of  community-based,  not-for-profit  economic development organizations
with a knowledge of community conditions, needs, strengths  and  priori-
ties  and  which  possess  an  on-the-scenes knowledge of local business
conditions and experience in providing  technical  assistance  to  small
businesses, managing business retention programs, and providing a varie-
ty of other services.
  The  legislature  further  finds  and  declares that the core areas of
communities throughout the state, composed of central business districts
or commercial strips and their adjacent, surrounding areas, are  suffer-
ing  from  deterioration  and  decline that have negatively affected the
abilities of these communities, as a whole, to retain and  attract  both
residents and jobs.
  The legislature further finds that the revitalization of central busi-
ness  districts  and  commercial strips can result in increased property
values, an expanded tax base, the development of new businesses, and  an
enhanced  ability  to attract and retain industry, tourism and residents

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


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