S T A T E O F N E W Y O R K
________________________________________________________________________
11029
I N A S S E M B L Y
October 7, 2020
___________
Introduced by COMMITTEE ON RULES -- (at request of M. of A. Solages) --
read once and referred to the Committee on Local Governments
AN ACT to amend the general municipal law, in relation to disallowing
county industrial development agencies from offering incentives in
municipalities which have their own industrial development agency
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The general municipal law is amended by adding a new
section 863 to read as follows:
§ 863. RESTRICTIONS ON INCENTIVES. NO COUNTY AGENCY SHALL OFFER ANY
INCENTIVES, INCLUDING, BUT NOT LIMITED TO, FINANCIAL ASSISTANCE, TAX
INCENTIVES, PAYMENTS IN LIEU OF TAXES, FUNDING, OR ANY OTHER INCENTIVE,
IN A MUNICIPALITY LOCATED WITHIN THE COUNTY WHERE SUCH MUNICIPALITY HAS
ITS OWN AGENCY.
§ 2. This act shall take effect two years after it shall have become a
law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15622-01-0