senate Bill S1737

2023-2024 Legislative Session

Establishes a local authorities searchable subsidy and economic development benefits database

download bill text pdf

Sponsored By

Current Bill Status - Passed Senate


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

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Actions

view actions (8)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 30, 2023 referred to corporations, authorities and commissions
delivered to assembly
passed senate
May 18, 2023 advanced to third reading
May 17, 2023 2nd report cal.
May 16, 2023 1st report cal.1019
Jan 23, 2023 reported and committed to finance
Jan 13, 2023 referred to corporations, authorities and commissions

Votes

view votes

May 16, 2023 - Finance committee Vote

S1737
17
3
committee
17
Aye
3
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Finance committee vote details

Jan 23, 2023 - Corporations, Authorities and Commissions committee Vote

S1737
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Corporations, Authorities and Commissions committee vote details

Corporations, Authorities and Commissions Committee Vote: Jan 23, 2023

Co-Sponsors

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S1737 (ACTIVE) - Details

See Assembly Version of this Bill:
A6762
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add §8, amd §2807, Pub Auth L; add §859-d, Gen Muni L; amd §1411, N-PC L
Versions Introduced in Other Legislative Sessions:
2011-2012: S2854
2013-2014: S3446
2015-2016: S2669
2017-2018: S3354
2019-2020: S3364
2021-2022: S1275

S1737 (ACTIVE) - Summary

Establishes a local authorities searchable subsidy and economic development benefits database; relates to the obligations of certain industrial development agencies and local development corporations.

S1737 (ACTIVE) - Sponsor Memo

S1737 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1737
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 13, 2023
                                ___________
 
 Introduced  by  Sens.  KRUEGER, GOUNARDES, LIU, MAY, SERRANO, SKOUFIS --
   read twice and ordered printed, and when printed to  be  committed  to
   the Committee on Corporations, Authorities and Commissions
 
 AN  ACT to amend the public authorities law, in relation to establishing
   a local authorities searchable subsidy and economic development  bene-
   fits  database; to amend the general municipal law, in relation to the
   obligations of certain industrial development agencies; and  to  amend
   the  not-for-profit  corporation  law,  in  relation  to the status of
   certain local development corporations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.    The  public  authorities law is amended by adding a new
 section 8 to read as follows:
   § 8. LOCAL AUTHORITIES SEARCHABLE  SUBSIDY  AND  ECONOMIC  DEVELOPMENT
 BENEFITS  DATABASE.  (1) FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING
 TERMS SHALL HAVE THE FOLLOWING MEANINGS:
   (A) "ECONOMIC DEVELOPMENT BENEFITS" SHALL MEAN:
   (I) FUNDS MADE AVAILABLE BY A LOCAL AUTHORITY, INCLUDING WITHOUT LIMI-
 TATION ANY ENTITY CREATED  INCORPORATED  PURSUANT  TO  SECTION  FOURTEEN
 HUNDRED  ELEVEN  OF  THE  NOT-FOR-PROFIT  CORPORATION  LAW, FOR ECONOMIC
 DEVELOPMENT, OR JOB CREATION PURPOSES INCLUDING,  BUT  NOT  LIMITED  TO,
 GRANTS,  LOANS, LOAN GUARANTEES, LOAN INTEREST SUBSIDIES, AND SUBSIDIES;
 AND
   (II) TAX CREDITS, TAX EXEMPTIONS,  REDUCED  TAX  RATES  OR  OTHER  TAX
 INCENTIVES  WHICH  ARE APPLIED FOR AND PREAPPROVED OR CERTIFIED BY OR ON
 BEHALF OF A LOCAL AUTHORITY, INCLUDING  WITHOUT  LIMITATION  ANY  ENTITY
 CREATED  INCORPORATED PURSUANT TO SECTION FOURTEEN HUNDRED ELEVEN OF THE
 NOT-FOR-PROFIT CORPORATION LAW, FOR ECONOMIC DEVELOPMENT.
   (B) "ADDITIONAL STATE ECONOMIC DEVELOPMENT BENEFITS" SHALL MEAN  THOSE
 ECONOMIC  DEVELOPMENT  BENEFITS  MADE  AVAILABLE TO THE LOCAL AUTHORITY,
 INCLUDING WITHOUT LIMITATION ANY ENTITY CREATED INCORPORATED PURSUANT TO
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03696-01-3

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