Bill Text: NY A05210 | 2011-2012 | General Assembly | Introduced

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Bill Title: Requires businesses which receive industrial development or empire zone incentives to disclose to the public, on a continuing basis, the conditions thereof and compliance therewith.

Spectrum: Slight Partisan Bill (Republican 3-1)

Status: (Introduced - Dead) 2012-01-04 - referred to local governments [A05210 Detail]

Download: New_York-2011-A05210-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5210
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 14, 2011
                                      ___________
       Introduced  by  M. of A. KATZ, STEVENSON, CASTELLI -- Multi-Sponsored by
         -- M. of A. MOLINARO -- read once and referred  to  the  Committee  on
         Local Governments
       AN  ACT  to  amend  the  general municipal law, in relation to requiring
         recipients of development assistance to fully disclose  the  prerequi-
         sites for such assistance and their compliance therewith
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. The general municipal law is amended by adding a new  arti-
    2  cle 18-D to read as follows:
    3                                ARTICLE 18-D
    4                      DEVELOPMENT ASSISTANCE DISCLOSURE
    5  SECTION 971. DEFINITIONS.
    6          972. DISCLOSURE.
    7    S 971. DEFINITIONS. AS USED IN THIS ARTICLE:
    8    (A) "DEVELOPMENT ASSISTANCE" MEANS:
    9    (1)  TAX CREDITS AND TAX EXEMPTIONS GIVEN AS INCENTIVES TO A RECIPIENT
   10  PURSUANT TO A DEVELOPMENT ASSISTANCE AGREEMENT UNDER ARTICLE  EIGHTEEN-A
   11  OR EIGHTEEN-B OF THIS CHAPTER; AND
   12    (2)  ANY  OTHER  PROGRAM OR INCENTIVE INTENDED TO PROMOTE AND ENSURE A
   13  BUSINESS RELOCATION OR EXPANSION.
   14    (B) "DEVELOPMENT ASSISTANCE AGREEMENT" MEANS ANY AGREEMENT EXECUTED BY
   15  A STATE OR MUNICIPAL BODY AND  A  RECIPIENT  SETTING  FORTH  ALL  TERMS,
   16  CONDITIONS  AND  UNDERSTANDINGS  THEREOF OF THE PROVISION OF DEVELOPMENT
   17  ASSISTANCE.
   18    (C) "RECIPIENT" MEANS ANY BUSINESS ENTITY  THAT  RECEIVES  DEVELOPMENT
   19  ASSISTANCE PURSUANT TO A DEVELOPMENT ASSISTANCE AGREEMENT.
   20    S  972.  DISCLOSURE.  (A)  EVERY  RECIPIENT SHALL, UPON REQUEST OF ANY
   21  PERSON, PROVIDE A COPY OF EACH DEVELOPMENT ASSISTANCE AGREEMENT  IT  HAS
   22  ENTERED  INTO, A SUMMARY OF ALL DEVELOPMENT ASSISTANCE PROVIDED PURSUANT
   23  TO SUCH AGREEMENT, A SUMMARY AND EXPLANATION OF ALL TERMS AND CONDITIONS
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07995-01-1
       A. 5210                             2
    1  OF SUCH AGREEMENT, THE EXTENT OF COMPLIANCE WITH SUCH TERMS  AND  CONDI-
    2  TIONS, AND THE PROJECT TO WHICH EACH SUCH AGREEMENT RELATES. EACH RECIP-
    3  IENT  SHALL  IN  A  TIMELY AND ACCURATE MANNER REGULARLY UPDATE ALL SUCH
    4  INFORMATION.
    5    (B) ALL INFORMATION REQUIRED TO BE MADE AVAILABLE TO THE PUBLIC PURSU-
    6  ANT  TO  SUBDIVISION (A) OF THIS SECTION SHALL BE POSTED AND MADE AVAIL-
    7  ABLE TO THE PUBLIC ON THE INTERNET WEBSITE OF THE RECIPIENT.
    8    (C) ON OR BEFORE THE FIRST OF JANUARY, APRIL, JULY AND  OCTOBER,  EACH
    9  RECIPIENT  SHALL  SUBMIT  TO  THE  SECRETARY  OF  STATE, ALL INFORMATION
   10  REQUIRED TO BE MADE AVAILABLE TO THE PUBLIC PURSUANT TO SUBDIVISION  (A)
   11  OF THIS SECTION.
   12    S  2.  This  act  shall  take  effect  on  the first of September next
   13  succeeding the date on which it shall have become a law.