assembly Bill A2334

2019-2020 Legislative Session

Relates to the creation of a searchable database

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Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to economic development
Jan 22, 2019 referred to economic development

Co-Sponsors

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Multi-Sponsors

A2334 (ACTIVE) - Details

Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §53, UDC Act; amd §100, Ec Dev L
Versions Introduced in 2017-2018 Legislative Session:
A8175

A2334 (ACTIVE) - Summary

Relates to the creation of a searchable database; establishes a searchable database that displays Empire state economic development benefits and other state economic development benefits that qualified participants have been awarded; defines terms.

A2334 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2334

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            January 22, 2019
                               ___________

Introduced  by  M. of A. SCHIMMINGER, THIELE, ABINANTI, STIRPE, LUPARDO,
  BRONSON, MAGNARELLI, JAFFEE, ORTIZ, FAHY,  BUCHWALD,  COLTON,  ABBATE,
  CUSICK,  TAYLOR, HUNTER, D'URSO, NORRIS -- Multi-Sponsored by -- M. of
  A. CAHILL, CRESPO, ENGLEBRIGHT, SIMON -- read once and referred to the
  Committee on Economic Development

AN ACT to amend the New York state urban development corporation act and
  the economic development law, in relation to the creation of a search-
  able database

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. Section 1 of chapter 174 of the laws of 1968, constituting
the New York state urban development  corporation  act,  is  amended  by
adding a new section 53 to read as follows:
  §  53.  REPORTING.  (1) DEFINITIONS. FOR THE PURPOSES OF THIS SECTION,
THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS:
  (A) "ECONOMIC DEVELOPMENT BENEFITS" SHALL MEAN AND INCLUDE THE FOLLOW-
ING:
  (I) AVAILABLE STATE RESOURCES AND/OR FUNDS INCLUDING, BUT NOT  LIMITED
TO,  STATE  GRANTS,  LOANS,  LOAN  GUARANTEES,  LOAN INTEREST SUBSIDIES,
AND/OR SUBSIDIES; AND/OR
  (II) TAX CREDITS, TAX EXEMPTIONS OR REDUCED TAX RATES AND/OR  BENEFITS
WHICH  ARE  APPLIED  FOR AND PREAPPROVED OR CERTIFIED BY A STATE AGENCY;
AND
  (A-1) "EMPIRE STATE ECONOMIC DEVELOPMENT BENEFITS"  SHALL  MEAN  THOSE
ECONOMIC  DEVELOPMENT  BENEFITS  MADE AVAILABLE TO THE URBAN DEVELOPMENT
CORPORATION AND/OR THE DEPARTMENT OF ECONOMIC DEVELOPMENT TO AWARD  SUCH
BENEFITS TO QUALIFIED RECIPIENTS, OR THOSE ECONOMIC DEVELOPMENT BENEFITS
WHICH  ARE  ALLOCATED  TO THE CORPORATION AND/OR SUCH DEPARTMENT BUT ARE
SUBSEQUENTLY ALLOCATED TO ANOTHER  STATE  AGENCY  OR  OTHER  INDEPENDENT
ENTITIES FOR THEM TO MAKE SUCH AWARDS TO QUALIFIED RECIPIENTS;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03910-01-9