Assembly Bill A4937

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4937
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 10, 2025
                                ___________
 
 Introduced  by  M.  of A. BRONSON, ZINERMAN -- read once and referred to
   the Committee on Economic Development
 
 AN ACT to amend the economic development law  and  the  New  York  state
   urban  development  corporation  act,  in relation to certain economic
   development programs

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Section 100-a of the economic development law, as added by
 section 1 of part UUU of chapter 59 of the laws of 2017, is  amended  to
 read as follows:
   §  100-a. Comprehensive economic development reporting. The department
 shall prepare an annual comprehensive economic  development  report,  no
 later than December thirty-first of each year, listing economic develop-
 ment  assistance provided by the New York state urban development corpo-
 ration and the department, including but not  limited  to  tax  expendi-
 tures,  marketing  and  advertising,  grants,  awards  and  loans.  Such
 comprehensive report shall include aggregate totals  for  each  economic
 development program administered by the New York state urban development
 corporation  and  the  department,  including but not limited to program
 progress,  program  participation  rates,  economic   impact,   regional
 distribution,  industry  trends, and any other information deemed neces-
 sary by the commissioner.  SUCH COMPREHENSIVE REPORT MAY ALSO INCLUDE  A
 SUMMARY  OF  THE EXTENT TO WHICH COMMUNITY REVITALIZATION GRANT PROGRAMS
 INCORPORATED THE USE OF  END-TO-END  FIBER-OPTIC  ARCHITECTURE  FOR  THE
 PROVISION OF HIGH-SPEED BROADBAND INTERNET SERVICE. The department shall
 prominently  post  the  comprehensive economic development report on its
 website no later than January first of each year.
   § 2. Subparagraph (i) of paragraph (a) of  subdivision  5  of  section
 16-d  of  section 1 of chapter 174 of the laws of 1968, constituting the
 New York state urban development corporation act, as  added  by  chapter
 169 of the laws of 1994, is amended to read as follows:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05654-01-5
              

 A. 4937                             2
 
   (i)  the  potential impact the proposed project would have on economic
 development and  employment  opportunities  in  the  community  and  the
 region,  INCLUDING  THE  EXTENT  TO  WHICH THE PROPOSED PROJECT WILL USE
 END-TO-END FIBER-OPTIC  ARCHITECTURE  TO  DELIVER  HIGH-SPEED  BROADBAND
 INTERNET SERVICE IN THE PROJECT AREA; and
   §  3.  Paragraph  (c) of subdivision 6 of section 16-n of section 1 of
 chapter 174 of the laws of 1968, constituting the New York  state  urban
 development  corporation act, as added by section 2 of part C-2 of chap-
 ter 109 of the laws of 2006, is amended to read as follows:
   (c) Priority  shall  also  be  given  to  properties  in  economically
 distressed communities which are defined as cities and other communities
 determined by the commissioner of the department of economic development
 on  the  basis  of  criteria  indicative of economic distress, including
 poverty rates, numbers of persons receiving public assistance, unemploy-
 ment rates, rate of employment decline, population  loss,  rate  of  per
 capita  income  change, decline in economic activity and private invest-
 ment, and such other indicators as the commissioner deems appropriate to
 be in need of economic assistance.  FOR PROPERTIES THAT CONTAIN RESIDEN-
 TIAL APARTMENT UNITS OR AFFORDABLE HOUSING UNITS, PRIORITY SHALL ALSO BE
 GIVEN TO PROPERTIES FOR WHICH THE MUNICIPALITY COMMITS TO USING  END-TO-
 END  FIBER-OPTIC  ARCHITECTURE  TO DELIVER HIGH-SPEED BROADBAND INTERNET
 SERVICE TO SUCH PROPERTIES.
   § 4. This act shall take effect immediately.