Bill Text: NY S07084 | 2015-2016 | General Assembly | Introduced

New York Senate Bill 7084 (Prior Session Legislation)

Introduced

Bill Title: Increases the amount of money appropriated to certain municipal corporations and school districts.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2016-03-23 - REFERRED TO FINANCE [S07084 Detail]

Download: New_York-2015-S07084-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          7084
                    IN SENATE
                                     March 23, 2016
                                       ___________
        Introduced  by Sens. RANZENHOFER, YOUNG -- read twice and ordered print-
          ed, and when printed to be committed to the Committee on Finance
        AN ACT to amend chapter 20 of the laws of 2015 appropriating  money  for
          certain  municipal  corporations  and school districts, in relation to
          increasing the amount of monies appropriated therefor to local govern-
          ment entities
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subpart  H  of  part  C of chapter 20 of the laws of 2015
     2  appropriating  money  for  certain  municipal  corporations  and  school
     3  districts is amended to read as follows:
     4                                  SUBPART H
     5    Section  1.    Legislative  findings. A result of the closure of coal-
     6  fired electric generating power plants is the significant  reduction  in
     7  the  tax base of host communities.  It is the desire and purpose of this
     8  act to mitigate the impact of the loss of local tax base.   Accordingly,
     9  the  legislature  thereby  recognizes  the necessity of allocating addi-
    10  tional moneys under this subpart, the fossil  fuel  electric  generation
    11  facility cessation mitigation fund, in order to assist affected communi-
    12  ties.
    13    §   2.   Contingent   upon   available  funding,  and  not  to  exceed
    14  [$19,000,000] $50,000,000, moneys from the urban development corporation
    15  shall be available for a  [municipal  corporation  or  school  district]
    16  local  government  entity,  which for the purposes of this section shall
    17  mean a county, city, town, village, school district or special district,
    18  [as determined by the urban development corporation,] where (i) a fossil
    19  fuel electric generating facility located within such [municipal  corpo-
    20  ration  or  school  district]  local government entity has [permanently]
    21  ceased operations, and (ii) the closing of such facility  has  caused  a
    22  reduction  in  the  real property tax collections [and receipts from] of
    23  taxes or payments in lieu of taxes [of at least  20%,  or  any  judicial
    24  determination concerning a fossil fuel electric generating facility, has

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14776-02-6