assembly Bill A9114

2021-2022 Legislative Session

Establishes the strategic site readiness fund; appropriation

download bill text pdf

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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

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 31, 2022 referred to economic development

Co-Sponsors

A9114 (ACTIVE) - Details

See Senate Version of this Bill:
S7879
Law Section:
Appropriations
Laws Affected:
Add Art 26 §§480 - 483, Ec Dev L

A9114 (ACTIVE) - Summary

Establishes the strategic site readiness fund within the department of economic development to cultivate a resource of commercial, industrial sites that are readily available to new businesses, established businesses that are considering moving to the state, or existing businesses within the state that need additional sites to remain or expand within the state; appropriates five hundred million dollars therefor.

A9114 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9114
 
                           I N  A S S E M B L Y
 
                             January 31, 2022
                                ___________
 
 Introduced  by M. of A. JONES -- read once and referred to the Committee
   on Economic Development
 
 AN ACT to amend the economic development law, in relation to  establish-
   ing  the  strategic  site  readiness fund; and making an appropriation
   therefor
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  The  economic  development law is amended by adding a new
 article 26 to read as follows:
                                ARTICLE 26
                       STRATEGIC SITE READINESS FUND
 SECTION 480. LEGISLATIVE INTENT.
         481. ADMINISTRATION.
         482. STRATEGIC SITE READINESS FUND.
         483. REPORTING.
   § 480. LEGISLATIVE INTENT. IT IS HEREBY FOUND AND  DECLARED  THAT  NEW
 YORK  STATE NEEDS, AS A MATTER OF PUBLIC POLICY, TO CULTIVATE A RESOURCE
 OF COMMERCIAL, INDUSTRIAL SITES THAT ARE READILY AVAILABLE TO NEW  BUSI-
 NESSES, ESTABLISHED BUSINESSES THAT ARE CONSIDERING MOVING TO THE STATE,
 OR  EXISTING  BUSINESSES  WITHIN THE STATE THAT NEED ADDITIONAL SITES TO
 REMAIN OR EXPAND WITHIN THE STATE. TO EXPAND AND SUSTAIN ECONOMIC GROWTH
 WITHIN THE STATE, IT IS CRITICAL TO CONSISTENTLY MAINTAIN READILY AVAIL-
 ABLE COMMERCIAL, INDUSTRIAL SITES TO ATTRACT  NEW  BUSINESS,  OR  EXPAND
 EXISTING  BUSINESSES. WITHOUT A STABLE INVENTORY OF SITES THAT ARE READY
 OR ABLE TO BE DEVELOPED IN A TIMELY MANNER FOR BUSINESS USE,  THE  DELAY
 IN  CONVERTING  UNDEVELOPED  SITES  CAPABLE  OF  CONDUCTING  BUSINESS IN
 COMPLIANCE WITH APPLICABLE REGULATIONS  AND  ORDINANCES  MAY  CAUSE  THE
 STATE  TO LOSE SIGNIFICANT BUSINESS OPPORTUNITIES THAT WOULD BENEFIT THE
 ECONOMIC WELL-BEING OF ITS CITIZENS.
   § 481. ADMINISTRATION. IN FURTHERANCE OF THESE PURPOSES,  THE  DEPART-
 MENT IS HEREBY AUTHORIZED AND DIRECTED TO:
   (A)  ESTABLISH  THE  STRATEGIC SITE READINESS FUND ("FUND") TO PROVIDE
 ECONOMIC ASSISTANCE FOR RENOVATION, CONSTRUCTION, OR OTHER  IMPROVEMENTS
 TO  INFRASTRUCTURE  TO  ATTRACT  NEW BUSINESSES TO THIS STATE, OR EXPAND
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.