Bill Text: NY S05171 | 2025-2026 | 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 3-0)

Status: (Introduced) 2025-02-19 - REFERRED TO LOCAL GOVERNMENT [S05171 Detail]

Download: New_York-2025-S05171-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          5171

                               2025-2026 Regular Sessions

                    IN SENATE

                                    February 19, 2025
                                       ___________

        Introduced  by  Sens.  SKOUFIS, KRUEGER, MAYER -- read twice and ordered
          printed, and when printed to be committed to the  Committee  on  Local
          Government

        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.
                                                                   LBD08907-01-5