Relates to expanding the Ogdensburg foreign trade zone.
TITLE OF BILL: An act to amend the public authorities law, in relation to expanding the Ogdensburg foreign trade zone
PURPOSE: To include all of St. Lawrence County within the Service Area of Foreign Trade Zone (FTZ) No. 118. By expanding the foreign trade zone, we are promoting St. Lawrence county businesses competitiveness by encouraging more companies to locate their US plants here. By being located in an FTZ, it levels the playing field and offsets customs advantages available to overseas producers who compete with our domestic industries. These businesses could then avoid tariffs and duties on raw materials and increase their exports of locally manufactured commodities.
SUMMARY: Section 1 amends chapter 759 of the laws of 1971 to operate and maintain a foreign trade zone on premises owned by such authority within the county of St. Lawrence.
Section 2 states that this act shall take effect immediately
JUSTIFICATION: This statutory designation would then allow the Ogdensburg Bridge and Port Authority to apply federally for the Foreign-Trade Zones Boards authority to serve sites located within the entire county.
LEGISLATIVE HISTORY: S7870 of 2010 - Passed Senate
FISCAL IMPLICATION: None to the State.
EFFECTIVE DATE: This act shall take effect immediately.
STATE OF NEW YORK ________________________________________________________________________ 5225 2011-2012 Regular Sessions IN SENATE May 3, 2011 ___________Introduced by Sen. RITCHIE -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to expanding the Ogdensburg foreign trade zone THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 23 of section 1379 of the public authorities law, as added by chapter 759 of the laws of 1971, is amended to read as follows: (23) Make application to the Foreign-Trade Zones Board established by the act of Congress, approved June eighteenth, nineteen hundred thirty- four, entitled "an act to provide for the
[establisment]ESTABLISHMENT, operation and maintenance of foreign trade zones in ports of entry of the United States, to expedite and encourage foreign commerce, and for other purposes," for a grant to such authority of the privilege of establishing, operating and maintaining a foreign trade zone on premises owned by such authority within [such city]THE COUNTY OF ST. LAWRENCE, pursuant to the provisions of such act, and if such application be granted, to accept such grant and to establish, operate and maintain such zone in accordance with law. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08228-01-1