Relates to limiting eligible projects for the western New York power proceeds allocation act to certain businesses within the county of Erie.
TITLE OF BILL: An act to amend the economic development law, in relation to eligible projects
This bill expands coverage for the Western New York Power Proceeds law, to all of Erie County.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 adds the entirety of the County of Erie to the geographic regions from which eligible projects could be considered.
The Power Proceeds law has been successful in providing a boon for eligible projects located within the current 30 mile radius. However, this radius currently excludes a portion of Erie County that have important projects that would qualify if only located a few short miles from their current location.
By expanding this law to include all of Erie County these projects would be able to be eligible for the same benefits that projects located within the 30 mile radius currently are, therefore benefiting all the taxpayers and communities within Erie County.
PRIOR LEGISLATIVE HISTORY:
This act shall take effect immediately.
STATE OF NEW YORK ________________________________________________________________________ 7935 IN SENATE August 18, 2014 ___________Introduced by Sen. GRISANTI -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the economic development law, in relation to eligible projects THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 5 of section 189-a of the economic development law, as added by section 2 of part GG of chapter 58 of the laws of 2012, is amended to read as follows: 5. "Eligible projects" are economic development projects by eligible applicants that are physically located within
[the state of New York]THE COUNTY OF ERIE within a thirty mile radius of the Niagara power project located in Lewiston, New York that will support the growth of business in the state and thereby lead to the creation or maintenance of jobs and tax revenues for the state and local governments. Eligible projects may include capital investments in buildings, equipment, and associated infrastructure (collectively, "infrastructure") owned by an eligible applicant for fund benefits; transportation projects under state or federally approved plans; the acquisition of land needed for infrastructure; research and development where the results of such research and development will directly benefit New York state; support for tourism and marketing and advertising efforts for western New York state tourism and business; and energy-related projects. Eligible projects do not include, and fund benefits may not be used for, public interest advertising or advocacy; lobbying; the support or opposition of any candidate for public office; the support or opposition to any public issue; legal fees related to litigation of any kind; expenses related to administrative proceedings before state or local agencies; or retail businesses as defined by the board, including without limitation, sports venues, gaming and gambling or entertainment-related establishments, residential properties, or places of overnight accommodation. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15709-01-4