Bill S5137-2011

Authorizes industrial development agencies to finance automobile racing facilities

Authorizes industrial development agencies to finance automobile racing facilities.

Details

Actions

  • Aug 17, 2011: SIGNED CHAP.478
  • Aug 5, 2011: DELIVERED TO GOVERNOR
  • Jun 21, 2011: returned to senate
  • Jun 21, 2011: passed assembly
  • Jun 21, 2011: ordered to third reading rules cal.555
  • Jun 21, 2011: substituted for a7386
  • Jun 15, 2011: referred to ways and means
  • Jun 15, 2011: DELIVERED TO ASSEMBLY
  • Jun 15, 2011: PASSED SENATE
  • Jun 13, 2011: ADVANCED TO THIRD READING
  • Jun 7, 2011: 2ND REPORT CAL.
  • Jun 6, 2011: 1ST REPORT CAL.993
  • May 3, 2011: REFERRED TO LOCAL GOVERNMENT

Meetings

Calendars

Votes

VOTE: COMMITTEE VOTE: - Local Government - Jun 6, 2011
Ayes (8): Martins, Ball, Little, McDonald, Ritchie, Stewart-Cousins, Oppenheimer, Klein

Memo

BILL NUMBER:S5137

TITLE OF BILL: An act to amend the general municipal law, in relation to industrial development agency's financing of automobile racing facilities

PURPOSE: To allow Industrial Development Agencies to finance automobile racing facilities.

SUMMARY OF PROVISIONS: § 1 Amends section 852 of the general municipal law, as amended by chapter 541 to declare that it is the policy of NYS to protect and promote its inhabitants by the conservation, protection and improvement of the natural, cultural, historic and environmental resources and to control all forms of pollution generated by operation of industrial, manufacturing, warehousing, commercial, recreation, horse racing facilities, railroad facilities, automobile racing facilities and research facilities and grant development agencies the rights and powers to industrial pollution control facilities.

§2 Subdivision 4 of section 854 of the general municipal law is amended to define "Project" as any land, building or other improvement, and all real and personal properties located within the State of New York and within or outside or partially within and partially outside the municipality for whose benefit the agency was created. No agency shall use its funds in respect of any project wholly or partially outside the municipality for whose benefit the agency was created without the prior consent by the governing body or bodies of all the other municipalities in which a part or parts of the project are to be located.

§3 Section 854 of the general municipal law is amended by adding a new subdivision 20 to define an "automobile racing facility" as any closed-course motorsports complex and its ancillary grounds that has at least fifty thousand fixed seats for race patrons and hosts at least one NASCAR Sprint Cup series race and at least two other nationally recognized racing events each calendar year.

§4 The opening paragraph of section 858 of the general municipal law, is amended to cite, the purpose of the agency shall be to promote, develop, encourage and assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing industrial, manufacturing, warehousing, commercial, research and recreational facilities.

JUSTIFICATION: Currently, General Municipal Law does not allow Automobile Racing Facilities to be eligible for financing through Industrial

Development Agencies. While Industrial Development Agencies in New York State are created to promote the economic welfare, recreation opportunities and prosperity of the inhabitants of a municipality or county, it is the IDA's function to actively attract and encourage development. By allowing IDA's to finance automobile racing facilities, this legislation would greatly enhance tourism to the area, foster economic growth, and support job creation which would greatly benefit New York State and its citizens during this time of economic trial.

LEGISLATIVE HISTORY: New Bill.

FISCAL IMPLICATIONS: None to the state.

EFFECTIVE DATE: Immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ S. 5137 A. 7386 2011-2012 Regular Sessions S E N A T E - A S S E M B L Y May 3, 2011 ___________
IN SENATE -- Introduced by Sen. O'MARA -- read twice and ordered print- ed, and when printed to be committed to the Committee on Local Govern- ment IN ASSEMBLY -- Introduced by M. of A. MORELLE -- read once and referred to the Committee on Local Governments AN ACT to amend the general municipal law, in relation to industrial development agency's financing of automobile racing facilities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The second undesignated paragraph of section 852 of the general municipal law, as amended by chapter 541 of the laws of 1982, is amended to read as follows: It is hereby further declared to be the policy of this state to protect and promote the health of the inhabitants of this state by the conservation, protection and improvement of the natural and cultural or historic resources and environment and to control land, sewer, water, air, noise or general environmental pollution derived from the operation of industrial, manufacturing, warehousing, commercial, recreation, horse racing facilities, railroad facilities, AUTOMOBILE RACING FACILITIES and research facilities and to grant such industrial development agencies the rights and powers provided by this article with respect to indus- trial pollution control facilities. S 2. Subdivision 4 of section 854 of the general municipal law, as amended by chapter 541 of the laws of 1982, is amended to read as follows: (4) "Project" - shall mean any land, any building or other improve- ment, and all real and personal properties located within the state of New York and within or outside or partially within and partially outside the municipality for whose benefit the agency was created, including, but not limited to, machinery, equipment and other facilities deemed
necessary or desirable in connection therewith, or incidental thereto, whether or not now in existence or under construction, which shall be suitable for manufacturing, warehousing, research, commercial or indus- trial purposes or other economically sound purposes identified and called for to implement a state designated urban cultural park manage- ment plan as provided in title G of the parks, recreation and historic preservation law and which may include or mean an industrial pollution control facility, a recreation facility, educational or cultural facili- ty, a horse racing facility [or], a railroad facility OR AN AUTOMOBILE RACING FACILITY, provided, however, no agency shall use its funds in respect of any project wholly or partially outside the municipality for whose benefit the agency was created without the prior consent thereto by the governing body or bodies of all the other municipalities in which a part or parts of the project is, or is to be, located. S 3. Section 854 of the general municipal law is amended by adding a new subdivision 20 to read as follows: (20) "AUTOMOBILE RACING FACILITY" SHALL MEAN ANY CLOSED-COURSE MOTORS- PORTS COMPLEX AND ITS ANCILLARY GROUNDS THAT HAS AT LEAST FIFTY THOUSAND FIXED SEATS FOR RACE PATRONS AND HOSTS AT LEAST ONE NASCAR SPRINT CUP SERIES RACE AND AT LEAST TWO OTHER NATIONALLY RECOGNIZED RACING EVENTS EACH CALENDAR YEAR. S 4. The opening paragraph of section 858 of the general municipal law, as amended by chapter 659 of the laws of 1997, is amended to read as follows: The purposes of the agency shall be to promote, develop, encourage and assist in the acquiring, constructing, reconstructing, improving, main- taining, equipping and furnishing industrial, manufacturing, warehous- ing, commercial, research and recreation facilities including industrial pollution control facilities, educational or cultural facilities, rail- road facilities, horse racing facilities, AUTOMOBILE RACING FACILITIES and continuing care retirement communities, provided, however, that, of agencies governed by this article, only agencies created for the benefit of a county and the agency created for the benefit of the city of New York shall be authorized to provide financial assistance in any respect to a continuing care retirement community, and thereby advance the job opportunities, health, general prosperity and economic welfare of the people of the state of New York and to improve their recreation opportu- nities, prosperity and standard of living; and to carry out the afore- said purposes, each agency shall have the following powers: S 5. This act shall take effect immediately.

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