Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 23, 2016 |
held for consideration in local governments |
Jan 06, 2016 |
referred to local governments |
Jan 20, 2015 |
referred to local governments |
Assembly Bill A2694
2015-2016 Legislative Session
Sponsored By
KATZ
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
Actions
multi-Sponsors
Kieran Michael Lalor
Claudia Tenney
2015-A2694 (ACTIVE) - Details
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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