Bill Text: NY A05268 | 2013-2014 | General Assembly | Introduced

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Bill Title: Requires taxing jurisdiction approval of payments in lieu of taxes and requires such approval or denial to be provided within sixty days of a public hearing.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-01-08 - referred to local governments [A05268 Detail]

Download: New_York-2013-A05268-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5268
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 21, 2013
                                      ___________
       Introduced  by M. of A. NOLAN -- read once and referred to the Committee
         on Local Governments
       AN ACT to amend the general municipal  law,  in  relation  to  requiring
         taxing jurisdiction approval of payments in lieu of taxes
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 859-a of the general municipal law  is  amended  by
    2  adding a new subdivision 4 to read as follows:
    3    4.  THE AGENCY MUST SECURE AUTHORIZATION TO OFFER A PAYMENT IN LIEU OF
    4  TAXES AGREEMENT THAT REDUCES THE AFFECTED  TAX  JURISDICTION'S  PROPERTY
    5  TAX  LEVY FROM THE AFFECTED TAX JURISDICTION. DENIAL OR APPROVAL OF SUCH
    6  AUTHORIZATION SHALL BE PROVIDED WITHIN SIXTY DAYS OF THE PUBLIC  HEARING
    7  REQUIRED PURSUANT TO SUBDIVISION TWO OF THIS SECTION.
    8    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08853-01-3