Bill Text: NY A04635 | 2023-2024 | General Assembly | Introduced

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Bill Title: Authorizes industrial development agencies to provide technical and financial assistance to qualified residential facilities; defines "qualified residential facility" as any multi-family residential facility with units that are for sale, in any municipality located within the county of Westchester, and which is located in an urban renewal area.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - referred to local governments [A04635 Detail]

Download: New_York-2023-A04635-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4635

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 21, 2023
                                       ___________

        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Local Governments

        AN ACT to amend the general municipal law, in  relation  to  authorizing
          industrial  development  agencies  to  provide assistance to qualified
          residential facilities

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

     1    Section  1. Subdivision 4 of section 854 of the general municipal law,
     2  as amended by section 5 of part X of chapter 59 of the laws of 2021,  is
     3  amended to read as follows:
     4    (4)  "Project"  -  shall mean any land, any building or other improve-
     5  ment, and all real and personal properties located within the  state  of
     6  New York and within or outside or partially within and partially outside
     7  the  municipality  for  whose benefit the agency was created, including,
     8  but not limited to, machinery, equipment  and  other  facilities  deemed
     9  necessary  or  desirable in connection therewith, or incidental thereto,
    10  whether or not now in existence or under construction,  which  shall  be
    11  suitable for manufacturing, warehousing, research, commercial, renewable
    12  energy or industrial purposes or other economically sound purposes iden-
    13  tified  and  called  for  to implement a state designated urban cultural
    14  park management plan as provided in title G of the parks, recreation and
    15  historic preservation law and which may include or  mean  an  industrial
    16  pollution  control  facility,  a  recreation  facility,  educational  or
    17  cultural facility, a horse racing facility, a railroad facility, a qual-
    18  ified residential facility, a renewable energy project or an  automobile
    19  racing  facility,  provided,  however,  no agency shall use its funds or
    20  provide financial  assistance  in  respect  of  any  project  wholly  or
    21  partially  outside  the  municipality  for  whose benefit the agency was
    22  created without the prior consent  thereto  by  the  governing  body  or
    23  bodies  of  all the other municipalities in which a part or parts of the
    24  project is, or is to be,  located,  and  such  portion  of  the  project

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09414-01-3
        A. 4635                             2

     1  located  outside  such  municipality  for  whose  benefit the agency was
     2  created shall be contiguous with the portion of the project inside  such
     3  municipality.
     4    §  2.  Section 854 of the general municipal law is amended by adding a
     5  new subdivision 22 to read as follows:
     6    (22) "Qualified residential facility" - shall  mean  any  multi-family
     7  residential  facility  with units that are for sale, in any municipality
     8  located within the county of Westchester, and which  is  located  in  an
     9  urban renewal area designated under article fifteen of this chapter or a
    10  highly  distressed area, together with buildings, structures, machinery,
    11  equipment, facilities and appurtenances thereto deemed necessary, useful
    12  or desirable in connection therewith, or incidental thereto,  but  shall
    13  not include a continuing care retirement community.
    14    § 3. This act shall take effect immediately.