Bill Text: NY A04699 | 2023-2024 | General Assembly | Introduced

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Bill Title: Relates to extending the date for certain applications under the economic transformation and facility redevelopment program.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-01-03 - referred to economic development [A04699 Detail]

Download: New_York-2023-A04699-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4699

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 22, 2023
                                       ___________

        Introduced  by M. of A. SMULLEN -- read once and referred to the Commit-
          tee on Economic Development

        AN ACT to amend the economic development law, in relation to application
          under the economic transformation and facility redevelopment program

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

     1    Section  1.  Subdivision  1 of section 402 of the economic development
     2  law, as amended by section 4 of part QQ of chapter 60  of  the  laws  of
     3  2016, is amended to read as follows:
     4    1. A business entity must submit a completed application as prescribed
     5  by  the  commissioner  by  the later of (a) the date that is three years
     6  after the date of the closure of the  closed  facility  located  in  the
     7  economic  transformation area in which the business entity would operate
     8  or (b) January first, two thousand fifteen or (c) the date that is  four
     9  years  after the date that the title to a closed facility is transferred
    10  from the state to a county or municipality, but no  later  than  January
    11  first,  two  thousand  twenty-five.   Provided however, in the case of a
    12  closed facility described in paragraph  (d)  of  subdivision  eleven  of
    13  section  four  hundred  of this article, a business entity must submit a
    14  completed application as prescribed by  the  commissioner  by  September
    15  first, two thousand sixteen.
    16    §  2. This act shall take effect immediately; provided that the amend-
    17  ment to section 402 of the economic development law made by section  one
    18  of  this  act shall not affect the expiration and repeal of such section
    19  and shall be deemed repealed therewith.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09603-01-3