S T A T E   O F   N E W   Y O R K
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                                  1591

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 12, 2015
                               ___________

Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
  tee on Local Governments

AN ACT to amend the general municipal law, in  relation  to  authorizing
  industrial  development  agencies  to  provide assistance to qualified
  residential facilities

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

  Section  1. Subdivision 4 of section 854 of the general municipal law,
as amended by section 6 of part J of chapter 59 of the laws of 2013,  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, a railroad facility, A  QUALIFIED  RESIDEN-
TIAL  FACILITY,  or an automobile racing facility, provided, however, no
agency shall use its funds or provide financial assistance in respect of
any project wholly or partially outside the municipality for whose bene-
fit 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, and such portion of
the project located outside such  municipality  for  whose  benefit  the

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05638-01-5
              

A. 1591                             2

agency  was  created shall be contiguous with the portion of the project
inside such municipality.
  S  2.  Section 854 of the general municipal law is amended by adding a
new subdivision 21 to read as follows:
  (21) "QUALIFIED RESIDENTIAL FACILITY" - SHALL  MEAN  ANY  MULTI-FAMILY
RESIDENTIAL  FACILITY  WITH UNITS THAT ARE FOR SALE, IN ANY MUNICIPALITY
LOCATED WITHIN THE COUNTY OF WESTCHESTER, AND WHICH  IS  LOCATED  IN  AN
URBAN RENEWAL AREA DESIGNATED UNDER ARTICLE FIFTEEN OF THIS CHAPTER OR A
HIGHLY  DISTRESSED AREA, TOGETHER WITH BUILDINGS, STRUCTURES, MACHINERY,
EQUIPMENT, FACILITIES AND APPURTENANCES THERETO DEEMED NECESSARY, USEFUL
OR DESIRABLE IN CONNECTION THEREWITH, OR INCIDENTAL THERETO,  BUT  SHALL
NOT INCLUDE A CONTINUING CARE RETIREMENT COMMUNITY.
  S 3. This act shall take effect immediately.