Bill Text: NY A06118 | 2011-2012 | General Assembly | Introduced
Bill Title: Provides that a public authority or municipality may not provide a tax benefit without declaring a specific published listing of the public benefit.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2012-01-04 - referred to corporations, authorities and commissions [A06118 Detail]
Download: New_York-2011-A06118-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
6118
2011-2012 Regular Sessions
I N A S S E M B L Y
March 8, 2011
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Introduced by M. of A. BRENNAN -- read once and referred to the Commit-
tee on Corporations, Authorities and Commissions
AN ACT to amend the public authorities law, in relation to public bene-
fits in exchange for public funds
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. The public authorities law is amended by adding a new
2 section 2927 to read as follows:
3 S 2927. PUBLIC BENEFITS. NO STATE AUTHORITY OR LOCAL AUTHORITY AS
4 DEFINED BY SECTION TWO OF THIS CHAPTER AND NO OTHER GOVERNMENTAL ENTITY
5 MAY ISSUE, APPROVE OR SEEK THE GRANT OR TRANSFER OF ANY ECONOMIC OR
6 FINANCIAL BENEFIT TO A PRIVATE ENTITY WITHOUT A SPECIFIC PUBLISHED LIST-
7 ING OF THE BENEFITS TO BE RECEIVED BY THE PUBLIC. SUCH BENEFITS SHALL
8 INCLUDE BUT NOT BE LIMITED TO EMPLOYMENT, PUBLIC ACCESS, AND PRIVATE
9 INVESTMENT. THE PUBLISHED LISTING SHALL BE MADE PUBLIC AT LEAST SIXTY
10 DAYS BEFORE THE ISSUANCE OF THE ECONOMIC OR FINANCIAL BENEFITS.
11 S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09597-01-1
