senate Bill S2815

2019-2020 Legislative Session

Relates to the creation of a searchable database

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Corporations, Authorities And Commissions 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 corporations, authorities and commissions
Jan 29, 2019 referred to corporations, authorities and commissions

Co-Sponsors

S2815 (ACTIVE) - Details

Current Committee:
Senate Corporations, Authorities And Commissions
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:
S6613

S2815 (ACTIVE) - Summary

Relates to the creation of a searchable database; requires the Urban Development Corporation to create or modify an existing searchable database including information on qualified participants receiving state economic development benefits.

S2815 (ACTIVE) - Sponsor Memo

S2815 (ACTIVE) - Bill Text download pdf


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

                                  2815

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            January 29, 2019
                               ___________

Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions

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:
  (I) THE AVAILABLE STATE RESOURCES INCLUDING, BUT NOT LIMITED TO, STATE
GRANTS,  LOANS,  LOAN GUARANTEES, LOAN INTEREST SUBSIDIES, AND/OR SUBSI-
DIES ALLOCATED THROUGH THE CORPORATION; AND
  (II) TAX CREDITS, TAX EXEMPTIONS OR REDUCED TAX RATES AND/OR  BENEFITS
WHICH ARE APPLIED FOR AND PREAPPROVED OR CERTIFIED BY A STATE AGENCY;
  (B) "QUALIFIED PARTICIPANT" SHALL MEAN AN INDIVIDUAL, BUSINESS, OR ANY
OTHER  ENTITY  THAT  HAS APPLIED FOR AND RECEIVED APPROVAL FOR AND/OR IS
THE BENEFICIARY OF, ANY ECONOMIC DEVELOPMENT BENEFITS  OF  TEN  THOUSAND
DOLLARS  OR  MORE  UNDER  ANY INDIVIDUAL ECONOMIC DEVELOPMENT PROGRAM OR
PROJECT OVERSEEN BY THE NEW YORK STATE URBAN DEVELOPMENT CORPORATION  OR
ECONOMIC  DEVELOPMENT  BENEFITS  THAT  WERE  ORIGINALLY ALLOCATED TO THE
CORPORATION OR THAT FLOW THROUGH THE CORPORATION;
  (C) "STATE AGENCY" SHALL MEAN ANY NEW YORK  STATE  DEPARTMENT,  BOARD,
BUREAU, DIVISION, COMMISSION, COMMITTEE, PUBLIC AUTHORITY, PUBLIC CORPO-
RATION,  COUNCIL, OFFICE OR OTHER STATE GOVERNMENTAL ENTITY PERFORMING A
GOVERNMENTAL OR PROPRIETARY FUNCTION FOR THE STATE, AS WELL AS  ENTITIES
CREATED  BY  ANY  OF  THE  PRECEDING  OR THAT ARE GOVERNED BY A BOARD OF

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

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