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Assembly Bill A4452

2015-2016 Legislative Session

Relates to the town of Islip industrial development agency

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Archive: Last Bill Status - In Assembly Committee

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2015-A4452 (ACTIVE) - Details

Current Committee:
Assembly Local Governments
Law Section:
General Municipal Law
Laws Affected:
Amd ยง898-b, Gen Muni L
Versions Introduced in Other Legislative Sessions:
2013-2014: A8005
2017-2018: A4926

2015-A4452 (ACTIVE) - Summary

Relates to the town of Islip industrial development agency; authorizes power to acquire, construct, renovate, own, maintain and lease or sell interests in certain property.

2015-A4452 (ACTIVE) - Bill Text download pdf 

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

                                  4452

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 2, 2015
                               ___________

Introduced  by M. of A. RAMOS -- read once and referred to the Committee
  on Local Governments

AN ACT to amend the general municipal law, in relation to  the  town  of
  Islip industrial development agency

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

  Section 1. The opening paragraph  of  section  898-b  of  the  general
municipal  law  is  designated  subdivision 1 and a new subdivision 2 is
added to read as follows:
  2. IN ADDITION TO THE POWERS AND DUTIES NOW OR HEREAFTER CONFERRED  BY
TITLE  ONE  OF  THIS  ARTICLE,  THE  AGENCY  SHALL HAVE THE POWER (I) TO
ACQUIRE, CONSTRUCT, RENOVATE, OWN, MAINTAIN, AND  LEASE  OR  SELL  TO  A
PRIVATE  BUSINESS CORPORATION OR PRIVATE BUSINESS ENTITY ANY INTEREST IN
ANY PROJECT WHERE FACILITIES OR PROPERTY  THAT  ARE  PRIMARILY  USED  IN
MAKING  RETAIL  SALES  TO CUSTOMERS WHO VISIT SUCH FACILITIES CONSTITUTE
MORE THAN ONE-THIRD OF THE TOTAL PROJECT COSTS LOCATED IN  THE  TOWN  OF
ISLIP,  INCLUDING,  EASEMENTS  AND  RIGHT  OF WAYS AND ALL NECESSARY AND
RELATED EQUIPMENT CONVENIENT FOR THE OPERATION OF  SUCH  PROJECT,  WHERE
SUCH  PROJECTS  ARE TO BE LOCATED ON LAND OWNED OR FORMERLY OWNED BY THE
TOWN OF ISLIP AND THE PROJECT APPLICANT OR PROJECT  DEVELOPER  HAS  BEEN
SELECTED  BY  THE  TOWN OF ISLIP PURSUANT TO A COMPETITIVELY BID REQUEST
FOR PROPOSALS AND SUCH PROJECT APPLICANT OR PROJECT DEVELOPER HAS AGREED
ON BEHALF OF THE TOWN OF ISLIP TO COMPLETE AN ENVIRONMENTAL  CLEANUP  OF
THE  SITE  AND  THE  TOWN  BOARD  OF  THE TOWN OF ISLIP HAS APPROVED ALL
ECONOMIC ASSISTANCE TO BE GRANTED BY THE AGENCY TO THE PROJECT APPLICANT
OR PROJECT DEVELOPER AND ANY SUBLEASES OF THE PROJECT, (II)  TO  FINANCE
SUCH  FACILITIES  THROUGH  THE  ISSUANCE  OF ITS BONDS AND NOTES AND THE
GRANTING OF FINANCIAL ASSISTANCE, WHEN IN THE JUDGMENT  OF  THE  AGENCY,
SUCH  FACILITIES WILL SERVE TO PROMOTE, DEVELOP, ENCOURAGE AND ASSIST IN
THE ACQUIRING,  CONSTRUCTING,  RECONSTRUCTING,  IMPROVING,  MAINTAINING,
EQUIPPING  AND  FURNISHING  OF  INDUSTRIAL,  MANUFACTURING, WAREHOUSING,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07389-01-5

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