Bill Text: NY S06286 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to directing agencies that provide grants and tax expenditures for the purpose of economic development to make comprehensive information on such grants and tax expenditures accessible to the public on a searchable website.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-01-06 - REFERRED TO FINANCE [S06286 Detail]

Download: New_York-2015-S06286-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          6286
                    IN SENATE
                                       (Prefiled)
                                     January 6, 2016
                                       ___________
        Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Finance
        AN ACT to amend the executive law, in  relation  to  directing  agencies
          that  provide  grants and tax expenditures for the purpose of economic
          development to make comprehensive information on such grants  and  tax
          expenditures accessible to the public on a searchable website
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Short title. This act shall be known and may  be  cited  as
     2  the "online economic development grants and tax expenditures transparen-
     3  cy act".
     4    §  2. The executive law is amended by adding a new section 184 to read
     5  as follows:
     6    § 184. Online economic development grants and tax expenditures  trans-
     7  parency. 1. As used in this section:
     8    (a) "Searchable economic development grants and tax expenditures data-
     9  base  website" shall mean a website that allows the public at no cost to
    10  search for, obtain, and aggregate the  information  identified  in  this
    11  section,  which  includes grants and tax expenditures for the purpose of
    12  economic development.
    13    (b) "Entity and/or recipients" shall  mean  any  corporation,  associ-
    14  ation,  limited liability company, limited liability partnership, or any
    15  other legal business entity who receives an economic  development  grant
    16  or  tax  expenditure  for  the  purpose of economic development from the
    17  empire state development corporation, the department of economic  devel-
    18  opment  or  any  other  state entity. It shall also include any economic
    19  development grantee or sub-grantee, tax expenditure beneficiary  or  tax
    20  expenditure  sub-beneficiary,  contractor or subcontractor, county, city
    21  or other local government entity.
    22    (c) "Agency" shall mean any state department, office,  board,  commis-
    23  sion, bureau, division, institution, or institution of higher education.
    24  "Agency"  specifically  includes  any authority created by an act of the
    25  state legislature, including those authorities not receiving  state  tax
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13294-01-5