senate Bill S8961

2019-2020 Legislative Session

Relates to the purposes and powers of industrial development agencies, local development corporations and certain other not-for-profit corporations and to improving the accountability; repealer

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Sponsored By

Current Bill Status - In Senate Committee Rules 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 (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Sep 02, 2020 referred to rules

S8961 (ACTIVE) - Details

See Assembly Version of this Bill:
A11048
Current Committee:
Senate Rules
Law Section:
General Municipal Law
Laws Affected:
Rpld §859 sub 3, amd Gen Muni L, generally; amd Pub Auth L, generally; add §206, amd §1411, N-PC L

S8961 (ACTIVE) - Summary

Relates to the purposes and powers of industrial development agencies and to improving the accountability and transparency of such agencies; makes conforming changes to the general municipal law; extends the bond issuance charge to the debt issued by not-for-profit corporations acting on behalf of the state or its political subdivisions; and relates to the purposes and powers of local development corporations and certain other not-for-profit corporations thereof.

S8961 (ACTIVE) - Sponsor Memo

S8961 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8961
 
                             I N  S E N A T E
 
                             September 2, 2020
                                ___________
 
 Introduced  by  Sen. SKOUFIS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the general municipal law  and  the  public  authorities
   law,  in relation to the purposes and powers of industrial development
   agencies and to improve the accountability and  transparency  of  such
   agencies;  to amend the public authorities law, in relation to extend-
   ing the bond issuance charge to  the  debt  issued  by  not-for-profit
   corporations  acting  on behalf of the state or its political subdivi-
   sions; to amend the not-for-profit corporation law, in relation to the
   purposes and powers of  local  development  corporations  and  certain
   other not-for-profit corporations thereof; and to repeal subdivision 3
   of  section 859 of the general municipal law relating to an evaluation
   of the activities of industrial development agencies  and  authorities
   in the state prepared by an entity independent of the department
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivisions 4 and 14 of section 854 of the general munici-
 pal law, subdivision 4 as amended by section 6 of part J of  chapter  59
 of  the  laws  of 2013 and subdivision 14 as added by chapter 356 of the
 laws of 1993, are amended and a new subdivision 21 is added to  read  as
 follows:
   (4)  "Project"  -  shall mean any land, any building or other improve-
 ment, and all real and personal properties located within the  state  of
 New York and within or outside or partially within and partially outside
 the  municipality  for  whose benefit the agency was created, including,
 but not limited to, machinery, equipment  and  other  facilities  deemed
 necessary  or  desirable in connection therewith, or incidental thereto,
 whether or not now in existence or under construction,  which  shall  be
 suitable  for manufacturing, warehousing, research, CIVIC, commercial or
 industrial purposes or other economically sound purposes identified  and
 called  for  to implement a state designated urban cultural park manage-
 ment plan as provided in title G of the parks, recreation  and  historic
 preservation  law  and which may include or mean an industrial pollution
 control facility, a recreation facility, educational or cultural facili-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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