S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4926
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 6, 2017
                                ___________
 
 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.
              

                                                            LBD08785-01-7

 A. 4926                             2
 
 COMMERCIAL,  RETAIL  AND  RESEARCH   FACILITIES   INCLUDING   INDUSTRIAL
 POLLUTION  CONTROL FACILITIES AND THEREBY ADVANCE THE JOB OPPORTUNITIES,
 HEALTH, GENERAL PROSPERITY AND ECONOMIC WELFARE OF  THE  PEOPLE  OF  THE
 STATE AND IMPROVE THEIR PROSPERITY AND STANDARD OF LIVING.
   § 2. This act shall take effect immediately.