S T A T E O F N E W Y O R K
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3914
2015-2016 Regular Sessions
I N A S S E M B L Y
January 28, 2015
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Introduced by M. of A. WRIGHT, CLARK, PEOPLES-STOKES, SCARBOROUGH,
JAFFEE -- Multi-Sponsored by -- M. of A. BRENNAN, CAHILL, COLTON,
COOK, GALEF, GOTTFRIED, LIFTON, ROBINSON -- read once and referred to
the Committee on Economic Development
AN ACT to amend the New York state urban development corporation act and
the general municipal law, in relation to the repayment, in certain
circumstances, of grant money awarded under the JOBS Now program and
grant money issued by an industrial development agency
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 16-h of section 1 of chapter 174 of the laws of
1968, constituting the New York state urban development corporation act,
is amended by adding a new subdivision 2-a to read as follows:
2-A. ANY PRIVATE BUSINESS AWARDED GRANT MONEY UNDER THE JOBS NOW
PROGRAM MUST REPAY SUCH GRANT MONEY IN FULL IF THE BUSINESS LEAVES THE
STATE WITHIN FIVE YEARS AFTER THE GRANT MONEY IS DISTRIBUTED.
S 2. Subdivision 9 of section 858 of the general municipal law, as
amended by chapter 444 of the laws of 1997, is amended to read as
follows:
(9) To make contracts and leases, and to execute all instruments
necessary or convenient to or with any person, firm, partnership or
corporation, either public or private; provided, however, that any
extension of an existing contract, lease or other agreement entered into
by an agency with respect to a project shall be guided by the provisions
of this article; AND PROVIDED FURTHER, HOWEVER, THAT ANY EXTENSION OF AN
EXISTING CONTRACT OR AGREEMENT AND ANY NEW CONTRACT ENTERED INTO BY AN
AGENCY WITH A PRIVATE PERSON, FIRM, PARTNERSHIP OR CORPORATION AND WHICH
PROVIDES FINANCIAL ASSISTANCE IN THE FORM OF GRANTS, SHALL INCLUDE A
PROVISION WHICH REQUIRES THE PRIVATE PERSON, FIRM, PARTNERSHIP OR CORPO-
RATION TO REPAY THE FINANCIAL ASSISTANCE IN FULL IF THE PRIVATE ENTITY
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05176-01-5
A. 3914 2
LEAVES THE STATE OR MOVES ITS SERVICES OR GOODS OUT OF STATE WITHIN FIVE
YEARS AFTER THE FINANCIAL ASSISTANCE IS DISTRIBUTED;
S 3. Subdivision 1 of section 859-a of the general municipal law, as
added by chapter 356 of the laws of 1993, is amended to read as follows:
1. The agency must adopt a resolution describing the project and the
financial assistance that the agency is contemplating with respect to
such project. Such assistance shall be consistent with the uniform tax
exemption policy adopted by the agency pursuant to subdivision four of
section eight hundred seventy-four of this [chapter] TITLE, unless the
agency has followed the procedures for deviation from such policy speci-
fied in paragraph (b) of such subdivision. SUCH RESOLUTION SHALL STATE
IF A PRIVATE PERSON, FIRM, PARTNERSHIP OR CORPORATION RECEIVING FINAN-
CIAL ASSISTANCE LEAVES THE STATE OR MOVES ITS SERVICES OR GOODS OUT OF
STATE WITHIN FIVE YEARS AFTER THE FINANCIAL ASSISTANCE IS DISTRIBUTED,
SUCH PRIVATE PERSON, FIRM, PARTNERSHIP OR CORPORATION SHALL REPAY THE
FINANCIAL ASSISTANCE IN FULL.
S 4. This act shall take effect on the ninetieth day after it shall
have become a law, and shall apply to grants distributed and contracts
and agreements extended or entered into on or after such effective date.