Assembly Bill A2694

2015-2016 Legislative Session

Requires businesses which receive industrial development or empire zone incentives to disclose on a continuing basis the conditions thereof and compliance therewith

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-A2694 (ACTIVE) - Details

Current Committee:
Assembly Local Governments
Law Section:
General Municipal Law
Laws Affected:
Add Art 18-D §§971 & 972, Gen Muni L
Versions Introduced in Other Legislative Sessions:
2009-2010: A5660
2011-2012: A5210
2013-2014: A3790

2015-A2694 (ACTIVE) - Summary

Requires businesses which receive industrial development or empire zone incentives to disclose to the public, on a continuing basis, the conditions thereof and compliance therewith.

2015-A2694 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2694

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 20, 2015
                               ___________

Introduced  by  M.  of  A. KATZ -- Multi-Sponsored by -- M. of A. LALOR,
  TENNEY -- read once and referred to the Committee on Local Governments

AN ACT to amend the general municipal  law,  in  relation  to  requiring
  recipients  of  development assistance to fully disclose the prerequi-
  sites for such assistance and their compliance therewith

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. The general municipal law is amended by adding a new arti-
cle 18-D to read as follows:
                              ARTICLE 18-D
                    DEVELOPMENT ASSISTANCE DISCLOSURE
SECTION 971. DEFINITIONS.
        972. DISCLOSURE.
  S 971. DEFINITIONS. AS USED IN THIS ARTICLE:
  (A) "DEVELOPMENT ASSISTANCE" MEANS:
  (1) TAX CREDITS AND TAX EXEMPTIONS GIVEN AS INCENTIVES TO A  RECIPIENT
PURSUANT  TO A DEVELOPMENT ASSISTANCE AGREEMENT UNDER ARTICLE EIGHTEEN-A
OR EIGHTEEN-B OF THIS CHAPTER; AND
  (2) ANY OTHER PROGRAM OR INCENTIVE INTENDED TO PROMOTE  AND  ENSURE  A
BUSINESS RELOCATION OR EXPANSION.
  (B) "DEVELOPMENT ASSISTANCE AGREEMENT" MEANS ANY AGREEMENT EXECUTED BY
A  STATE  OR  MUNICIPAL  BODY  AND  A RECIPIENT SETTING FORTH ALL TERMS,
CONDITIONS AND UNDERSTANDINGS THEREOF OF THE  PROVISION  OF  DEVELOPMENT
ASSISTANCE.
  (C)  "RECIPIENT"  MEANS  ANY BUSINESS ENTITY THAT RECEIVES DEVELOPMENT
ASSISTANCE PURSUANT TO A DEVELOPMENT ASSISTANCE AGREEMENT.
  S 972. DISCLOSURE. (A) EVERY RECIPIENT  SHALL,  UPON  REQUEST  OF  ANY
PERSON,  PROVIDE  A COPY OF EACH DEVELOPMENT ASSISTANCE AGREEMENT IT HAS
ENTERED INTO, A SUMMARY OF ALL DEVELOPMENT ASSISTANCE PROVIDED  PURSUANT
TO SUCH AGREEMENT, A SUMMARY AND EXPLANATION OF ALL TERMS AND CONDITIONS
OF  SUCH  AGREEMENT, THE EXTENT OF COMPLIANCE WITH SUCH TERMS AND CONDI-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03385-01-5
              

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