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Assembly Bill A7894

2017-2018 Legislative Session

Relates to retail sales of the Industrial Development Agency

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

2017-A7894 - Details

Current Committee:
Assembly Local Governments
Law Section:
General Municipal Law
Laws Affected:
Amd §862, Gen Muni L

2017-A7894 - Summary

Relates to retail sales on funds of the Industrial Development Agency.

2017-A7894 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7894
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 18, 2017
                                ___________
 
 Introduced  by  M.  of  A.  SCHIMMINGER -- read once and referred to the
   Committee on Local Governments
 
 AN ACT to amend the general municipal law, in relation to  retail  sales
   and restrictions on funds of the Industrial Development agency
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (b) of subdivision 2 of section 862 of the gener-
 al municipal law, as added by section 1 of part J of chapter 59  of  the
 laws  of  2013,  is  amended and a new paragraph (d) is added to read as
 follows:
   (b) Notwithstanding the provisions of paragraph (a) of  this  subdivi-
 sion,  financial assistance may, however, be provided to a project where
 facilities or property that are primarily used in making retail sales of
 goods or services to customers who personally visit such  facilities  to
 obtain  such  goods  or  services  constitute more than one-third of the
 total project cost, where: (i) the predominant purpose  of  the  project
 would  be  to  make available goods or services which would not, but for
 the project, be reasonably accessible to  the  residents  of  the  city,
 town,  or  village  within  which  the proposed project would be located
 because of a lack  of  reasonably  accessible  retail  trade  facilities
 offering  such  goods or services; [or] (ii) the project is located in a
 highly distressed area; (III) "RETAIL SALES"  CONSIST  OF  SPECIALTY  OR
 BOUTIQUE  SHOPS  AS  PART  OF  A MIXED USE PROJECT INCLUDING RESIDENTIAL
 AND/OR OFFICE USES OR ADAPTIVE RE-USE DEVELOPMENT; OR (IV)  AN  EXISTING
 DILAPIDATED  AND  OBSOLETE  "RETAIL  SALES"  BUILDING  IS  A  "QUALIFIED
 DISTRESSED COMMERCIAL PROPERTY".
   (D) 1. THE TERM "QUALIFIED DISTRESSED COMMERCIAL PROPERTY" MEANS,  FOR
 PURPOSES OF THIS SECTION, A DISTRESSED COMMERCIAL PROPERTY LOCATED WITH-
 IN NEW YORK STATE:
   I. WHICH REQUIRES SUBSTANTIAL REHABILITATION, OR

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10441-03-7

2017-A7894A (ACTIVE) - Details

Current Committee:
Assembly Local Governments
Law Section:
General Municipal Law
Laws Affected:
Amd §862, Gen Muni L

2017-A7894A (ACTIVE) - Summary

Relates to retail sales on funds of the Industrial Development Agency.

2017-A7894A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7894--A
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 18, 2017
                                ___________
 
 Introduced  by  M.  of  A.  SCHIMMINGER -- read once and referred to the
   Committee on Local Governments --  recommitted  to  the  Committee  on
   Local  Governments  in  accordance  with  Assembly  Rule  3, sec. 2 --
   committee discharged, bill amended, ordered reprinted as  amended  and
   recommitted to said committee

 AN  ACT  to amend the general municipal law, in relation to retail sales
   of the industrial development agency
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (b) of subdivision 2 of section 862 of the gener-
 al  municipal  law, as added by section 1 of part J of chapter 59 of the
 laws of 2013, is amended to read as follows:
   (b) Notwithstanding the provisions of paragraph (a) of  this  subdivi-
 sion,  financial assistance may, however, be provided to a project where
 facilities or property that are primarily used in making retail sales of
 goods or services to customers who personally visit such  facilities  to
 obtain  such  goods  or  services  constitute more than one-third of the
 total project cost, where: (i) the predominant purpose  of  the  project
 would  be  to  make available goods or services which would not, but for
 the project, be reasonably accessible to  the  residents  of  the  city,
 town,  or  village  within  which  the proposed project would be located
 because of a lack  of  reasonably  accessible  retail  trade  facilities
 offering  such  goods or services; [or] (ii) the project is located in a
 highly distressed area; OR (III) "RETAIL SALES" CONSIST OF  PROFESSIONAL
 OFFICES  INCLUDING MEDICAL, DENTAL, CHIROPRACTIC, INSURANCE, ACCOUNTING,
 OPTICIAN OR CONSULTING PROFESSIONS, AS  PART  OF  A  MIXED  USE  PROJECT
 INCLUDING RESIDENTIAL AND/OR OFFICE USES OR ADAPTIVE RE-USE DEVELOPMENT.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10441-05-7

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