Bill Text: NY A05200 | 2021-2022 | General Assembly | Introduced

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Bill Title: Prevents the use of funds, financial incentives, subsidies or tax exemptions for projects where the occupier of the project is not disclosed.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-05 - referred to local governments [A05200 Detail]

Download: New_York-2021-A05200-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          5200

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    February 12, 2021
                                       ___________

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

        AN ACT to amend the general municipal law, in relation to preventing the
          use of funds, financial incentives, subsidies or  tax  exemptions  for
          project occupants which are not public

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

     1    Section 1.  Section 862 of the general municipal  law  is  amended  by
     2  adding a new subdivision 3 to read as follows:
     3    (3) No funds, financial incentives or subsidies of the agency shall be
     4  used  in respect of any project in which the project occupant as defined
     5  in section eighteen hundred one of the public  authorities  law  is  not
     6  publicly  disclosed  at  the  time of the public hearing for the project
     7  required by subdivision two of section  eight  hundred  fifty-nine-a  of
     8  this title.
     9    §  2.  Section 874 of the general municipal law is amended by adding a
    10  new subdivision 13 to read as follows:
    11    (13) No tax exemptions shall be granted to any project if the  project
    12  occupant  as  defined  in  section  eighteen  hundred  one of the public
    13  authorities law is not publicly disclosed at  the  time  of  the  public
    14  hearing  for  the  project  required by subdivision two of section eight
    15  hundred fifty-nine-a of this title.
    16    § 3. This act shall take effect immediately.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05814-01-1