Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Apr 03, 2024 |
referred to corporations, authorities and commissions delivered to assembly passed senate |
Feb 28, 2024 |
advanced to third reading |
Feb 27, 2024 |
2nd report cal. |
Feb 26, 2024 |
1st report cal.475 |
Jan 30, 2024 |
reported and committed to finance |
Jan 03, 2024 |
referred to corporations, authorities and commissions returned to senate died in assembly |
May 30, 2023 |
referred to corporations, authorities and commissions delivered to assembly passed senate |
May 18, 2023 |
advanced to third reading |
May 17, 2023 |
2nd report cal. |
May 16, 2023 |
1st report cal.1019 |
Jan 23, 2023 |
reported and committed to finance |
Jan 13, 2023 |
referred to corporations, authorities and commissions |
Senate Bill S1737
2023-2024 Legislative Session
Establishes a local authorities searchable subsidy and economic development benefits database
download bill text pdfSponsored By
(D, WF) 28th Senate District
Current Bill Status - In Assembly Committee
- Introduced
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- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
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Floor Vote: Apr 3, 2024
aye (52)- Addabbo Jr.
- Ashby
- Bailey
- Breslin
- Brisport
- Brouk
- Chu
- Cleare
- Comrie
- Cooney
- Felder
- Fernandez
- Gallivan
- Gianaris
- Gonzalez
- Gounardes
- Harckham
- Helming
- Hinchey
- Hoylman-Sigal
- Jackson
- Kavanagh
- Kennedy
- Krueger
- Lanza
- Liu
- Mannion
- Martinez
- Mattera
- May
- Mayer
- Myrie
- Oberacker
- Palumbo
- Parker
- Persaud
- Ramos
- Rivera
- Rolison
- Ryan
- Salazar
- Scarcella-Spanton
- Sepúlveda
- Serrano
- Skoufis
- Stavisky
- Stec
- Stewart-Cousins
- Tedisco
- Thomas
- Webb
- Weber
excused (2)
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Floor Vote: May 30, 2023
aye (52)- Addabbo Jr.
- Ashby
- Bailey
- Breslin
- Brisport
- Brouk
- Chu
- Cleare
- Comrie
- Felder
- Fernandez
- Gallivan
- Gianaris
- Gonzalez
- Gounardes
- Harckham
- Helming
- Hinchey
- Hoylman-Sigal
- Jackson
- Kavanagh
- Kennedy
- Krueger
- Lanza
- Liu
- Mannion
- Martinez
- Mattera
- May
- Mayer
- Myrie
- Oberacker
- Palumbo
- Parker
- Persaud
- Ramos
- Rivera
- Rolison
- Ryan
- Salazar
- Sanders Jr.
- Scarcella-Spanton
- Sepúlveda
- Serrano
- Skoufis
- Stavisky
- Stec
- Stewart-Cousins
- Tedisco
- Thomas
- Webb
- Weber
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Feb 26, 2024 - Finance Committee Vote
S173717Aye2Nay1Aye with Reservations2Absent0Excused0AbstainedMay 16, 2023 - Finance Committee Vote
S173717Aye3Nay2Aye with Reservations0Absent0Excused0AbstainedJan 30, 2024 - Corporations, Authorities And Commissions Committee Vote
S17377Aye0Nay0Aye with Reservations0Absent0Excused0Abstained -
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co-Sponsors
(D, WF) 17th Senate District
(D) 26th Senate District
(D, WF) 31st Senate District
(D) 16th Senate District
(D, WF) 48th Senate District
(D, WF) 37th Senate District
(D, WF) 29th Senate District
(D) 42nd Senate District
(D, WF) 52nd Senate District
2023-S1737 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6762
- Current Committee:
- Assembly Corporations, Authorities And Commissions
- Law Section:
- Public Authorities Law
- Laws Affected:
- Add §8, amd §2807, Pub Auth L; add §859-d, Gen Muni L; amd §1411, N-PC L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S2854
2013-2014: S3446
2015-2016: S2669
2017-2018: S3354
2019-2020: S3364
2021-2022: S1275
2023-S1737 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1737 SPONSOR: KRUEGER TITLE OF BILL: An act to amend the public authorities law, in relation to establishing a local authorities searchable subsidy and economic development benefits database; to amend the general municipal law, in relation to the obli- gations of certain industrial development agencies; and to amend the not-for-profit corporation law, in relation to the status of certain local development corporations PURPOSE: Directs the Authorities Budget Office to create searchable database regarding economic development projects that outlines the aggregate amounts of State investments in economic development projects statewide, the benefactors of these investments and the number of jobs businesses created or retained as a result of this development assistance. SUMMARY OF PROVISIONS:
Section 1. Adds additional definitions to the public authorities law for purposes of creating a searchable database on subsidies and economic development projects. The Authorities Budget Office shall create a searchable database to display data regarding economic development projects administered by the budget Office. Such database would include information on the following: Name. project information, location, amount of time the benefit is for, number of employees, number of jobs to be retained to created, type of benefit received, total benefits received, amount of public and private funding and details related project compliance. Section 2. The General Municipal Law is amended to require that Indus- trial Development Authorities submit required information to ABO's searchable database on economic development projects. Section 3. The Public Authorities Law is amended to require that local authorities submit required information to ABO's searchable database on economic development projects. Section 4. Amends the not-for-profit corporation to include local devel- opment corporations in the definitions of those required to participate in the searchable database. JUSTIFICATION: New York State annually invests billions of dollars in economic develop projects each year, regularly in the form of grants, loans or tax expenditures. However, it is difficult to ascertain the extent end effectiveness of this spending because the responsibility of granting this development assistance is spread across several State entities. In the 2022 State Budget, a database of deals was created for the public to have a resource to search this information. Unfortunately, the Authori- ties Budget Office and Industrial Development Agencies were not included in this initiative. This bill would require participation in the State- wide programs and would create easily accessible searchable databases for the public's access. LEGISLATIVE HISTORY: 2021-22 S.1275A Passed Senate 2019-20 S.3364/A.8444 - died Corps, Authorities and Commissions 2017-18 S.3354 No Same As - passed Senate, died in Ways and Means 2015-16 S.2669-A/A.5688-A Kavanagh - died Corps, Authorities and Commis- sions 2013-14 S.3446-A/A.6542-A Kavanagh - died Corps, Authorities and Commis- sions 2011-12 S.2854-A No Same As - notice of consideration - discharged to Rules FISCAL IMPLICATIONS: Unknown. EFFECTIVE DATE: This act shall take effect on the ninetieth day after it shall become law
2023-S1737 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1737 2023-2024 Regular Sessions I N S E N A T E January 13, 2023 ___________ Introduced by Sens. KRUEGER, GOUNARDES, LIU, MAY, SERRANO, SKOUFIS -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to establishing a local authorities searchable subsidy and economic development bene- fits database; to amend the general municipal law, in relation to the obligations of certain industrial development agencies; and to amend the not-for-profit corporation law, in relation to the status of certain local development corporations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The public authorities law is amended by adding a new section 8 to read as follows: § 8. LOCAL AUTHORITIES SEARCHABLE SUBSIDY AND ECONOMIC DEVELOPMENT BENEFITS DATABASE. (1) FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "ECONOMIC DEVELOPMENT BENEFITS" SHALL MEAN: (I) FUNDS MADE AVAILABLE BY A LOCAL AUTHORITY, INCLUDING WITHOUT LIMI- TATION ANY ENTITY CREATED INCORPORATED PURSUANT TO SECTION FOURTEEN HUNDRED ELEVEN OF THE NOT-FOR-PROFIT CORPORATION LAW, FOR ECONOMIC DEVELOPMENT, OR JOB CREATION PURPOSES INCLUDING, BUT NOT LIMITED TO, GRANTS, LOANS, LOAN GUARANTEES, LOAN INTEREST SUBSIDIES, AND SUBSIDIES; AND (II) TAX CREDITS, TAX EXEMPTIONS, REDUCED TAX RATES OR OTHER TAX INCENTIVES WHICH ARE APPLIED FOR AND PREAPPROVED OR CERTIFIED BY OR ON BEHALF OF A LOCAL AUTHORITY, INCLUDING WITHOUT LIMITATION ANY ENTITY CREATED INCORPORATED PURSUANT TO SECTION FOURTEEN HUNDRED ELEVEN OF THE NOT-FOR-PROFIT CORPORATION LAW, FOR ECONOMIC DEVELOPMENT. (B) "ADDITIONAL STATE ECONOMIC DEVELOPMENT BENEFITS" SHALL MEAN THOSE ECONOMIC DEVELOPMENT BENEFITS MADE AVAILABLE TO THE LOCAL AUTHORITY, INCLUDING WITHOUT LIMITATION ANY ENTITY CREATED INCORPORATED PURSUANT TO EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03696-01-3
S. 1737 2 SECTION FOURTEEN HUNDRED ELEVEN OF THE NOT-FOR-PROFIT CORPORATION LAW, BY A STATE ENTITY TO AWARD SUCH BENEFITS TO QUALIFIED RECIPIENTS. (C) "QUALIFIED PARTICIPANT" SHALL MEAN A PERSON, BUSINESS, LIMITED LIABILITY CORPORATION OR ANY OTHER ENTITY THAT HAS APPLIED FOR AND RECEIVED BENEFITS AS DEFINED IN PARAGRAPH (A) OF THIS SUBDIVISION. (D) "FULL-TIME EQUIVALENT" SHALL MEAN A UNIT OF MEASURE, WHICH IS EQUAL TO ONE FILLED, FULL-TIME, ANNUAL-SALARIED POSITION. (E) "PROJECT HIRES" SHALL MEAN A JOB IN WHICH AN INDIVIDUAL IS HIRED FOR A SEASON OR FOR A LIMITED PERIOD OF TIME. (F) "PART-TIME JOB" SHALL MEAN A JOB IN WHICH AN INDIVIDUAL IS EMPLOYED BY A QUALIFIED PARTICIPANT FOR LESS THAN THIRTY-FIVE HOURS A WEEK. (G) "THE OFFICE" SHALL MEAN THE AUTHORITIES BUDGET OFFICE. (I) "THE DATABASE" OR "THE SEARCHABLE DATABASE" SHALL MEAN THE DATA- BASE CREATED PURSUANT TO SUBDIVISION TWO OF THIS SECTION. (J) "THE PROJECT" SHALL MEAN SPECIFIC WORK, ACTION, ENDEAVOR, CONTRACT OR AGREEMENT FOR WHICH ANY ECONOMIC BENEFIT AS DEFINED IN PARAGRAPHS (A) AND (B) OF THIS SUBDIVISION, IS MADE AVAILABLE OR AWARDED BY A LOCAL AUTHORITY TO, INCLUDING WITHOUT LIMITATION ANY ENTITY CREATED INCORPO- RATED PURSUANT TO SECTION FOURTEEN HUNDRED ELEVEN OF THE NOT-FOR-PROFIT CORPORATION LAW, TO A PERSON, BUSINESS, LIMITED LIABILITY CORPORATION OR ANY OTHER ENTITY. 2. NOTWITHSTANDING ANY LAWS TO THE CONTRARY, THE OFFICE SHALL CREATE A SEARCHABLE DATABASE, DISPLAYING DATA REGARDING ECONOMIC DEVELOPMENT BENEFITS THAT A QUALIFIED PARTICIPANT HAS BEEN AWARDED. SUCH DATABASE SHALL ALSO SEPARATELY DISPLAY DATA REGARDING ADDITIONAL STATE ECONOMIC DEVELOPMENT BENEFITS AND THE AGGREGATE TOTAL OF BENEFITS DEFINED IN PARAGRAPH (A) OF SUBDIVISION ONE OF THIS SECTION, TO THE EXTENT THAT SUCH DATA HAS BEEN MADE AVAILABLE TO AND IS RECEIVED BY THE OFFICE IN THE FORM AND MANNER PRESCRIBED BY THE OFFICE. SUCH SEARCHABLE DATABASE SHALL INCLUDE, AT A MINIMUM, THE FOLLOWING DATA, FEATURES AND FUNCTION- ALITY TO THE EXTENT PRACTICABLE: (A) THE ABILITY TO SEARCH THE DATABASE BY EACH OF THE REPORTED INFOR- MATION FIELDS; (B) THE ABILITY TO BE SEARCHABLE, DOWNLOADABLE, AND UPDATED QUARTERLY, AND POSTED ON A PUBLICLY ACCESSIBLE WEBSITE AS WELL AS REFERENCED ON THE OFFICE'S WEBSITE, WITH A DIRECT LINK TO THE DATABASE; (C) THE FOLLOWING DATA ON PROJECTS SHALL BE INCLUDED: (I) A QUALIFIED PARTICIPANT'S NAME AND PROJECT, PROJECT LOCATION, THE PROJECT'S COMPLETE ADDRESS, INCLUDING THE POSTAL CODE IN A SEPARATE AND SEARCHABLE FIELD, AND THE ECONOMIC REGION OF THE STATE; (II) THE TIME SPAN OVER WHICH A QUALIFIED PARTICIPANT IS TO RECEIVE OR HAS RECEIVED AGGREGATE ECONOMIC DEVELOPMENT BENEFITS; (III) THE TYPE OF SUCH ECONOMIC DEVELOPMENT BENEFITS, AS DEFINED IN PARAGRAPH (A) OF SUBDIVISION ONE OF THIS SECTION, PROVIDED TO A QUALI- FIED PARTICIPANT, INCLUDING THE NAME OF THE PROGRAM OR PROGRAMS THROUGH WHICH SUCH BENEFITS ARE PROVIDED, AND DETAILS AS TO WHETHER SUCH PROGRAMS ARE GRANTS OR TAX CREDIT PROGRAMS AS A SEPARATE AND SEARCHABLE FIELD. SUCH DATA SHALL BE PROVIDED TO THE EXTENT PRACTICABLE FOR ALL CONTRACTS INITIATED SIX MONTHS AFTER THE EFFECTIVE DATE OF THIS SECTION; (IV) THE TOTAL NUMBER OF EMPLOYEES AT ALL ENTITIES UTILIZING SUCH ECONOMIC DEVELOPMENT BENEFITS AS DEFINED IN PARAGRAPH (A) OF SUBDIVISION ONE OF THIS SECTION, AT THE TIME OF THE AGREEMENT, INCLUDING THE NUMBER OF FULL-TIME EQUIVALENTS, PROVIDED THAT ANY PROJECT HIRES OR PART-TIME JOBS SHALL BE DISPLAYED IN SEPARATE FIELDS AND MAY BE CONVERTED TO FULL- S. 1737 3 TIME EQUIVALENTS AND DENOTED AS SUCH, TO THE EXTENT PRACTICABLE FOR ALL CONTRACTS INITIATED SIX MONTHS AFTER THE EFFECTIVE DATE OF THIS SECTION; (V) FOR ANY ECONOMIC DEVELOPMENT BENEFITS AS DEFINED IN PARAGRAPH (A) OF SUBDIVISION ONE OF THIS SECTION THAT PROVIDES FOR JOB RETENTION OR JOB CREATION, THAT A QUALIFIED PARTICIPANT HAS BEEN AWARDED, THE TOTAL JOB CREATION COMMITMENTS, JOB RETENTION COMMITMENTS, JOB CREATION ACTUAL NUMBER, AND THE JOB RETENTION ACTUAL NUMBER, DISPLAYED IN TERMS OF FULL- TIME EQUIVALENTS WHERE ANY PROJECT HIRES OR PART-TIME JOBS MAY BE CONVERTED TO FULL-TIME EQUIVALENTS AND DENOTED AS SUCH, THE ACTUAL AVER- AGE WAGE BY OCCUPATION OR JOB CLASSIFICATION AND TOTAL PAYROLL TO BE CREATED AS A RESULT OF THE BENEFITS, SHALL BE PROVIDED, EACH DISPLAYED AS SEPARATE AND SEARCHABLE FIELDS; (VI) THE TOTAL AND SEPARATE AMOUNT OF ECONOMIC DEVELOPMENT BENEFITS DEFINED IN PARAGRAPH (A) OF SUBDIVISION ONE OF THIS SECTION RECEIVED BY A QUALIFIED PARTICIPANT TO DATE; (VII) THE TOTAL PUBLIC-PRIVATE INVESTMENT MADE TO A PROJECT, TOTAL PUBLIC FUNDING RECEIVED BY A PROJECT, AND PROJECT STATUS; (VIII) DETAILS RELATED TO INDIVIDUAL PROJECT COMPLIANCE INDICATING WHETHER, DURING THE CURRENT REPORTING QUARTER, THE ENTITY MANAGING THE AWARD HAS REDUCED, CANCELLED, OR RECAPTURED ANY ECONOMIC DEVELOPMENT BENEFITS OR ADDITIONAL STATE ECONOMIC DEVELOPMENT BENEFITS FROM A QUALI- FIED PARTICIPANT, AND, IF SO, THE TOTAL AMOUNT OF THE REDUCTION, CANCEL- LATION, OR RECAPTURE. SEPARATELY, A NOTATION OF PENALTIES ASSESSED SHALL BE DISPLAYED IN A SEPARATE AND SEARCHABLE FIELD, AS WELL AS THE REASONS THEREFOR IN ANOTHER SEPARATE AND SEARCHABLE FIELD; (IX) THE ABILITY TO DIGITALLY SELECT DEFINED INDIVIDUAL FIELDS CORRE- SPONDING TO ANY OF THE REPORTED INFORMATION FROM QUALIFIED PARTICIPANTS TO CREATE UNIQUE DATABASE VIEWS; (X) THE ABILITY TO DOWNLOAD THE DATABASE IN ITS ENTIRETY, OR IN PART, IN A COMMON MACHINE READABLE FORMAT; (XI) A DEFINITION OR DESCRIPTION OF TERMS FOR FIELDS IN THE DATABASE; (XII) A SUMMARY OF EACH SEPARATE ECONOMIC DEVELOPMENT BENEFIT DEFINED IN PARAGRAPH (A) OF SUBDIVISION ONE OF THIS SECTION AWARDED TO QUALIFIED PARTICIPANTS; (XIII) A USER-FRIENDLY GUIDE TO OUTLINE THE FEATURES AND FUNCTIONALITY OF THE DATABASE; AND (XIV) A DEDICATED EMAIL ACCOUNT FOR THE PUBLIC TO DIRECT QUESTIONS RELATED TO THE DATABASE, AND THE OFFICE MAILING ADDRESS, OFFICE TELE- PHONE NUMBER, AND NAME OF THE CHIEF OFFICER OF THE GRANTING BODY. 3. DATA RELATED TO SUBPARAGRAPHS (I) THROUGH (VI) OF PARAGRAPH (C) OF SUBDIVISION TWO OF THIS SECTION SHALL BE ANALYZED FOR QUALITY AND ACCU- RACY BY THE ENTITY OR AUTHORITY PROVIDING SUCH FUNDING TO QUALIFIED RECIPIENTS AND MANAGING THE CONTRACTS RELATED THERETO. UPON SUBMISSION OF SUCH DATA TO THE OFFICE FOR INCLUSION IN THE DATABASE, ALL AWARDING ENTITIES SHALL CERTIFY TO THE OFFICE THAT EACH FIELD OF PROJECT DATA ACCURATELY SUMMARIZES PROJECT INVESTMENTS AND AMOUNTS AND CONTAINS NO KNOWN MISREPRESENTATION OF MATERIAL FACTS. 4. UPON REQUEST THE OFFICE SHALL PROVIDE, OR DIRECT TO A SOURCE PROVIDING, IN AN ELECTRONICALLY ACCESSIBLE AND DOWNLOADABLE FORM, ANY CONTRACTS OR AWARD AGREEMENTS FOR PROJECTS INCLUDED IN THE DATABASE, TO THE EXTENT SUCH CONTRACTS OR AWARD AGREEMENTS ARE AVAILABLE TO THE PUBLIC PURSUANT TO ARTICLE SIX OF THE PUBLIC OFFICERS LAW OR ANY OTHER LAW. SUCH CONTRACTS MAY, UPON REQUEST FROM THE OFFICE, BE SHARED BY THE ENTITY HOLDING AND MANAGING SUCH CONTRACT. 5. THE OFFICE MAY REQUEST ANY DATA FROM QUALIFIED PARTICIPANTS THAT IS NECESSARY AND REQUIRED IN DEVELOPING, UPDATING, AND MAINTAINING THE S. 1737 4 SEARCHABLE DATABASE. SUCH QUALIFIED PARTICIPANTS SHALL PROVIDE ANY SUCH INFORMATION REQUESTED BY THE OFFICE. 6. THE OFFICE SHALL PRESCRIBE THE FORM AND MANNER IN WHICH A LOCAL AUTHORITY AWARDING OTHER STATE AGENCY ECONOMIC DEVELOPMENT BENEFITS SHALL SUBMIT INFORMATION AND DATA REGARDING OTHER STATE AGENCY BENEFITS AS REQUIRED FOR DEVELOPING, UPDATING, AND MAINTAINING THE DATABASE AND PUBLISH GUIDELINES AS NEEDED TO FACILITATE RECEIPT OF SUCH DATA TO COMPLY WITH THE PROVISIONS OF THIS SECTION, INCLUDING THE SUBMISSION PROVISIONS OF SUBDIVISION THREE OF THIS SECTION. THE CORPORATION, TO THE EXTENT PRACTICABLE, SHALL NOTE ON THE DATABASE WHERE A STATE AGENCY OR AUTHORITY FAILED TO SUBMIT THE REQUIRED DATA. 7. TO EFFECTUATE THE PURPOSES OF THIS SECTION, THE OFFICE MAY REQUEST AND SHALL RECEIVE FROM ANY DEPARTMENT, DIVISION, BOARD, BUREAU, COMMIS- SION OR OTHER AGENCY OF THE STATE, OR ANY STATE OR LOCAL PUBLIC AUTHORI- TY SUCH ASSISTANCE, INFORMATION AND DATA AS WILL ENABLE THE OFFICE TO CARRY OUT ITS POWERS AND DUTIES UNDER THIS SECTION. § 2. Section 2807 of public authorities law, as added by section 3 of part NNN of chapter 58 of the laws of 2022, is amended to read as follows: § 2807. 1. Reporting for searchable state subsidy and aggregate economic development benefits database. Notwithstanding any other provision of law to the contrary, every state authority shall submit to the urban development corporation, and update quarterly, in the form and manner prescribed by the urban development corporation, any and all data and information as necessary for developing, updating, and maintaining the database established in section fifty-eight of section one of chap- ter one hundred seventy-four of the laws of nineteen hundred sixty- eight, constituting the New York state urban development corporation act, regarding economic development benefits, as such term is defined in such section, awarded by such state authority. A state authority may request and shall receive any data from an individual, business, limited liability corporation or any other entity that has applied for and received approval for, or is the beneficiary of, any such economic development benefits, as is necessary and required to comply with this section. 2. NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, A LOCAL AUTHORITY SHALL SUBMIT TO THE AUTHORITIES BUDGET OFFICE, AND UPDATE QUARTERLY, IN THE FORM AND MANNER PRESCRIBED BY THE AUTHORITIES BUDGET OFFICE, ANY AND ALL DATA AND INFORMATION AS NECESSARY FOR DEVELOPING, UPDATING, AND MAINTAINING THE DATABASE ESTABLISHED IN SECTION EIGHT OF THE PUBLIC AUTHORITIES LAW, REGARDING ECONOMIC DEVELOPMENT BENEFITS, AS THE TERM IS DEFINED THEREIN, AWARDED BY SUCH AUTHORITY. A LOCAL AUTHORI- TY MAY REQUEST AND SHALL RECEIVE ANY DATA FROM A PERSON, BUSINESS, LIMITED LIABILITY CORPORATION OR ANY OTHER ENTITY THAT HAS APPLIED FOR AND RECEIVED APPROVAL FOR OR IS THE BENEFICIARY OF, ANY SUCH ECONOMIC DEVELOPMENT BENEFITS, AS IS NECESSARY AND REQUIRED TO COMPLY WITH THIS SECTION. § 3. The general municipal law is amended by adding a new section 859-d to read as follows: § 859-D. REPORTING FOR THE LOCAL AUTHORITIES SEARCHABLE SUBSIDY AND ECONOMIC DEVELOPMENT BENEFITS DATABASE. NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, AN INDUSTRIAL DEVELOPMENT AGENCY SHALL SUBMIT TO THE AUTHORITIES BUDGET OFFICE, AND UPDATE QUARTERLY, IN THE FORM AND MANNER PRESCRIBED BY THE AUTHORITIES BUDGET OFFICE, ANY AND ALL DATA AND INFORMATION AS NECESSARY FOR DEVELOPING, UPDATING, AND MAIN- TAINING THE DATABASE ESTABLISHED IN SECTION EIGHT OF THE PUBLIC AUTHOR- S. 1737 5 ITIES LAW, REGARDING ECONOMIC DEVELOPMENT BENEFITS, AS THE TERM IS DEFINED THEREIN, AWARDED BY SUCH INDUSTRIAL DEVELOPMENT AGENCY. AN INDUSTRIAL DEVELOPMENT AGENCY MAY REQUEST AND SHALL RECEIVE ANY DATA FROM A PERSON, BUSINESS, LIMITED LIABILITY CORPORATION OR ANY OTHER ENTITY THAT HAS APPLIED FOR AND RECEIVED APPROVAL FOR OR IS THE BENEFI- CIARY OF, ANY SUCH ECONOMIC DEVELOPMENT BENEFITS, AS IS NECESSARY AND REQUIRED TO COMPLY WITH THIS SECTION. § 4. Paragraph (i) of section 1411 of the not-for-profit corporation law is amended and a new paragraph (j) is added to read as follows: (i) Effect of section. Corporations incorporated or reincorporated under this section shall be organized and operated exclusively for the purposes set forth in paragraph (a) OF THIS SECTION, shall have, in addition to the powers otherwise conferred by law, the powers conferred by paragraph (c) OF THIS SECTION and shall be subject to all the restrictions and limita- tions imposed by paragraph (e) [and], paragraph (g), AND PARAGRAPH (J) OF THIS SECTION. In so far as the provisions of this section are incon- sistent with the provisions of any other law, general or special, the provisions of this section shall be controlling as to corporations incorporated or reincorporated hereunder. (J) PUBLIC AUTHORITIES LAW. NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, A CORPO- RATION INCORPORATED OR REINCORPORATED UNDER THIS SECTION SHALL BE CONSIDERED A LOCAL AUTHORITY UNDER THE PUBLIC AUTHORITIES LAW, AND BE SUBJECT TO THE PROVISIONS OF SECTION TWENTY-EIGHT HUNDRED SEVEN OF THE PUBLIC AUTHORITIES LAW. § 5. This act shall take effect on the ninetieth day after it shall have become a law.
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