senate Bill S5867

Signed By Governor
2015-2016 Legislative Session

Relates to the accountability and efficiency of industrial development agencies and authorities

download bill text pdf

Sponsored By

Archive: Last Bill Status -


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

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 18, 2015 signed chap.563
Dec 07, 2015 delivered to governor
Jun 19, 2015 returned to senate
passed assembly
Jun 18, 2015 ordered to third reading rules cal.628
substituted for a7915
Jun 17, 2015 referred to ways and means
delivered to assembly
passed senate
ordered to third reading cal.1734
Jun 09, 2015 referred to rules

Co-Sponsors

S5867 - Details

See Assembly Version of this Bill:
A7915
Law Section:
General Municipal Law
Laws Affected:
Amd §§859-a & 874, Gen Muni L

S5867 - Summary

Relates to the accountability and efficiency of industrial development agencies and authorities; requires each industrial development agency to develop a standard application form to be used by the agency to accept requests for financial assistance from all individuals, firms, companies and developers; further requires industrial development agencies to develop policies for the suspension or discontinuance of financial assistance of PILOT.

S5867 - Sponsor Memo

S5867 - Bill Text download pdf

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

                                  5867

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              June 9, 2015
                               ___________

Introduced by Sen. MARCHIONE -- (at request of the State Comptroller) --
  read  twice  and  ordered printed, and when printed to be committed to
  the Committee on Rules

AN ACT to amend the general municipal law, in relation to  the  account-
  ability and efficiency of industrial development agencies and authori-
  ties

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

  Section 1. Section 859-a of the general municipal law  is  amended  by
adding three new subdivisions 4, 5 and 6 to read as follows:
  4.  EACH AGENCY SHALL DEVELOP A STANDARD APPLICATION FORM, WHICH SHALL
BE USED BY THE AGENCY TO ACCEPT REQUESTS FOR FINANCIAL  ASSISTANCE  FROM
ALL  INDIVIDUALS,  FIRMS,  COMPANIES,  DEVELOPERS  OR  OTHER ENTITIES OR
ORGANIZATIONS. THE STANDARD APPLICATION FORM SHALL BE SUBMITTED BY OR ON
BEHALF OF THE APPLICANT, AND SUBSCRIBED AND AFFIRMED UNDER THE PENALTIES
OF PERJURY BY THE APPLICANT, OR ON BEHALF OF THE APPLICANT BY THE  CHIEF
EXECUTIVE  OFFICER  OR  SUCH OTHER INDIVIDUAL THAT IS DULY AUTHORIZED TO
BIND THE APPLICANT, AS TRUE, ACCURATE AND COMPLETE TO THE BEST OF HIS OR
HER KNOWLEDGE. THE STANDARD APPLICATION FORM SHALL INCLUDE  THE  FOLLOW-
ING,  AND  MAY INCLUDE SUCH OTHER SUPPLEMENTAL INFORMATION AS DETERMINED
TO BE NECESSARY AND APPROPRIATE  BY  THE  AGENCY,  INCLUDING  SUPPORTING
DOCUMENTS AND INFORMATION PROVIDED BY OR ON BEHALF OF THE APPLICANT:
  (A) THE NAME AND ADDRESS OF THE PROJECT APPLICANT;
  (B)  A DESCRIPTION OF THE PROPOSED PROJECT FOR WHICH FINANCIAL ASSIST-
ANCE IS REQUESTED, INCLUDING THE TYPE OF PROJECT, PROPOSED LOCATION  AND
PURPOSE OF THE PROJECT;
  (C)  THE  AMOUNT  AND  TYPE  OF  FINANCIAL ASSISTANCE BEING REQUESTED,
INCLUDING THE ESTIMATED VALUE OF EACH TYPE OF TAX EXEMPTION SOUGHT TO BE
CLAIMED BY REASON OF AGENCY INVOLVEMENT IN THE PROJECT;
  (D) A STATEMENT THAT THERE IS A LIKELIHOOD THAT THE PROJECT WOULD  NOT
BE  UNDERTAKEN  BUT  FOR THE FINANCIAL ASSISTANCE PROVIDED BY THE AGENCY

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11236-02-5

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