Assembly Bill A665

2017-2018 Legislative Session

Establishes infrastructure financing districts

download bill text pdf

Sponsored By

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

multi-Sponsors

2017-A665 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Economic Development Law
Laws Affected:
Add Art 23 §§450 - 459, Ec Dev L
Versions Introduced in Other Legislative Sessions:
2015-2016: A6645
2019-2020: A2568
2021-2022: A4114

2017-A665 (ACTIVE) - Summary

Establishes infrastructure financing districts; provides for electoral mechanism for such establishment; sets conditions on authorized projects within such districts.

2017-A665 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    665
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 9, 2017
                                ___________
 
 Introduced  by  M.  of  A.  RODRIGUEZ  --  read once and referred to the
   Committee on Ways and Means
 
 AN ACT to amend the economic development law, in relation to  establish-
   ing infrastructure financing districts
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The economic development law is amended  by  adding  a  new
 article 23 to read as follows:
                                ARTICLE 23
                    INFRASTRUCTURE FINANCING DISTRICTS
 SECTION 450. DEFINITIONS.
         451. REVENUE USAGE.
         452. PERMITTED PROJECTS.
         453. ADDITIONAL FACILITIES OR SERVICES.
         454. DISTRICT DESIGNATION CHALLENGES.
         455. DISTRICT ESTABLISHMENT.
         456. INFRASTRUCTURE PLAN.
         457. PUBLIC HEARING.
         458. TAXATION.
         459. BOND ISSUANCE.
   §  450. DEFINITIONS.   FOR THE PURPOSES OF THIS ARTICLE, THE FOLLOWING
 TERMS SHALL HAVE THE FOLLOWING MEANINGS:
   1. "AFFECTED TAXING ENTITY" MEANS ANY GOVERNMENTAL TAXING AGENCY WHICH
 LEVIED OR HAD LEVIED ON ITS BEHALF A PROPERTY TAX ON ALL OR A PORTION OF
 THE PROPERTY LOCATED IN THE PROPOSED DISTRICT IN THE FISCAL  YEAR  PRIOR
 TO THE DESIGNATION OF SUCH DISTRICT.
   2. "DISTRICT" MEANS AN INFRASTRUCTURE FINANCING DISTRICT.
   3.  "INFRASTRUCTURE  FINANCING  DISTRICT"  MEANS A LEGALLY CONSTITUTED
 GOVERNMENTAL ENTITY ESTABLISHED PURSUANT TO THIS ARTICLE  FOR  THE  SOLE
 PURPOSE OF FINANCING PUBLIC FACILITIES.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05105-01-7
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.