Assembly Bill A2798

2015-2016 Legislative Session

Requires approval of the governing body of a city prior to the approval of payments in lieu of taxes for the repayment of debt

download bill text pdf

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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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2015-A2798 (ACTIVE) - Details

Current Committee:
Assembly Local Governments
Law Section:
General City Law
Laws Affected:
Add ยง20, Gen City L
Versions Introduced in Other Legislative Sessions:
2009-2010: A1734
2011-2012: A3616
2013-2014: A5402

2015-A2798 (ACTIVE) - Summary

Requires approval of the governing body of a city prior to the approval of payments in lieu of taxes for the repayment of debt.

2015-A2798 (ACTIVE) - Bill Text download pdf 

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

                                  2798

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 20, 2015
                               ___________

Introduced  by M. of A. BRENNAN -- read once and referred to the Commit-
  tee on Local Governments

AN ACT to amend the general city law, in relation to requiring  approval
  of  the  governing body of a city prior to the approval of payments in
  lieu of taxes for the repayment of debt

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

  Section  1.  Section 20 of the general city law is amended by adding a
new subdivision 39 to read as follows:
  39. AND DIRECTED, THROUGH ITS LOCAL GOVERNING BOARD,  TO  APPROVE  ANY
PAYMENT IN LIEU OF TAXES FOR THE PURPOSE OF REPAYMENT OF DEBT BEFORE ANY
LOCAL  AGENCY OR AUTHORITY WHICH IS AUTHORIZED BY LAW TO ENTER INTO SUCH
PAYMENT MAY APPROVE SUCH PAYMENT.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01811-01-5

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