New York Assembly Bill 5219 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 11 2009 - 25% progression, died in committee
Action: 2010-01-06 - referred to economic development
Pending: Assembly Economic Development, Job Creation, Commerce and Industry Committee
Text: Latest bill text (Introduced) [HTML]

To authorize the Urban Development Corporation, d/b/a the Empire State Development Corporation, to create the Self-Sufficiency Program, financed by bonds backed by payments in lieu of taxes on new economic development projects, to provide critical financing for large-scale projects with no fiscal impact to the state or municipal governments. The bill also streamlines project approvals at the local level to ensure fair and expedited treatment of such projects while providing considerable privately financed incentives to local governments.

An act to amend the New York state urban development corporation act, in relation to establishing the self-sufficiency program and to authorize the urban development corporation to issue bonds or notes to provide for such program; and providing for the repeal of certain provisions of such act upon expiration thereof

Asm. William Magnarelli [D]

Date	Chamber	Action
2010-01-06		referred to economic development
2009-02-11		referred to economic development

S2863 (Same As) 2010-01-06 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Type	Source
Summary	https://assembly.state.ny.us/leg/?default_fld=&bn=A05219&term=2009&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A05219&term=2009&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A05219