Bill Text: NY A06391 | 2023-2024 | General Assembly | Introduced

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Bill Title: Repeals provisions related to requiring projects be located in a highly distressed area in order to qualify for certain financial assistance from an industrial development agency.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - referred to local governments [A06391 Detail]

Download: New_York-2023-A06391-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6391

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      April 6, 2023
                                       ___________

        Introduced by M. of A. RIVERA -- read once and referred to the Committee
          on Local Governments

        AN  ACT  to  amend  the  general municipal law, in relation to financial
          assistance from  an  industrial  development  agency;  and  to  repeal
          certain provisions of such law relating thereto

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subdivision 18 of section 854 of the general municipal  law
     2  is REPEALED.
     3    §  2.  Paragraph  (b)  of  subdivision 2 of section 862 of the general
     4  municipal law, as added by section 1 of part J of chapter 59 of the laws
     5  of 2013, is amended to read as follows:
     6    (b) Notwithstanding the provisions of paragraph (a) of  this  subdivi-
     7  sion,  financial assistance may, however, be provided to a project where
     8  facilities or property that are primarily used in making retail sales of
     9  goods or services to customers who personally visit such  facilities  to
    10  obtain  such  goods  or  services  constitute more than one-third of the
    11  total project cost, where[: (i)] the predominant purpose of the  project
    12  would  be  to  make available goods or services which would not, but for
    13  the project, be reasonably accessible to  the  residents  of  the  city,
    14  town,  or  village  within  which  the proposed project would be located
    15  because of a lack  of  reasonably  accessible  retail  trade  facilities
    16  offering  such  goods  or services[; or (ii) the project is located in a
    17  highly distressed area].
    18    § 3. This act shall take effect immediately.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09621-01-3