Assembly Bill A7284

2019-2020 Legislative Session

Relates to requiring the return of all or a part of the financial assistance provided for certain projects

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

2019-A7284 (ACTIVE) - Details

See Senate Version of this Bill:
S4675
Current Committee:
Assembly Local Governments
Law Section:
General Municipal Law
Laws Affected:
Amd §874, Gen Muni L

2019-A7284 (ACTIVE) - Summary

Requires the return of all or a part of the financial assistance provided for a project where the project has material shortfalls or material violations.

2019-A7284 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7284
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 18, 2019
                                ___________
 
 Introduced by M. of A. THIELE -- read once and referred to the Committee
   on Local Governments
 
 AN  ACT to amend the general municipal law, in relation to requiring the
   return of all or a part of the financial  assistance  provided  for  a
   project   where  the  project  has  material  shortfalls  or  material
   violations

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 11 of section 874 of the general municipal law,
 as  added  by  chapter  563  of  the laws of 2015, is amended to read as
 follows:
   (11) Each agency shall develop policies for the return  of  all  or  a
 part of the financial assistance provided for the project, including all
 or part of the amount of any tax exemptions, as specified in the policy,
 which may include but shall not be limited to material shortfalls in job
 creation  and  retention projections or material violations of the terms
 and conditions of project agreements. THE AGENCY  SHALL  IMPLEMENT  SUCH
 POLICIES  CREATED  IN  ACCORDANCE WITH THIS SUBDIVISION TO RETURN ALL OR
 PART OF THE FINANCIAL ASSISTANCE PROVIDED  FOR  ANY  PROJECT  WHERE  THE
 AGENCY'S ANNUAL ASSESSMENT OF A PROJECT SHOWS MATERIAL SHORTFALLS IN JOB
 CREATION  AND  RETENTION PROJECTIONS OR MATERIAL VIOLATIONS OF THE TERMS
 AND CONDITIONS OF PROJECT AGREEMENTS. All such returned amounts  of  tax
 exemptions shall be redistributed to the appropriate affected tax juris-
 diction, unless agreed to otherwise by any local taxing jurisdiction.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10674-01-9

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.