Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 04, 2010 |
referred to corporations, authorities and commissions |
Assembly Bill A10099
2009-2010 Legislative Session
Sponsored By
HAWLEY
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- 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
co-Sponsors
Jack Quinn III
Joseph Giglio
Janet Duprey
Tony Jordan
multi-Sponsors
Clifford Crouch
Thomas McKevitt
2009-A10099 (ACTIVE) - Details
2009-A10099 (ACTIVE) - Sponsor Memo
BILL NUMBER:A10099 TITLE OF BILL: An act to repeal section 2975-a of the public authori- ties law, relating to the assessment and reimbursement of state expendi- tures PURPOSE OR GENERAL IDEA OF BILL: An act to repeal part UU of Chapter 59 of the Laws of 2009; relating to the cost recovery assessment placed on IDAs. The 2009-2010 State Budget contained a maximum $5 million state- wide "cost recovery" assessment on IDAs to be calculated by multiplying the gross revenues of each IDA for 2008 by 4.7 percent. SUMMARY OF SPECIFIC PROVISIONS: This legislation will repeal certain provisions relating to the assessment and reimbursement of state expend- itures and requires reimbursement of monies previously paid. All monies paid by or on behalf of any industrial agency or authority as of the effective date of this act to reimburse to New York state an allocable share of state governmental costs attributable to the provision of services to industrial development agencies as determined in section 2975-a of the public authorities law shall be reimbursed to the paying entity within ninety days of the effective date of this act. JUSTIFICATION: IDA fee-based income is used to support important local job creation initiatives, including paying for the operation of the IDA; paying for infrastructure of economic development projects; building industrial and technology parks; administering business marketing
2009-A10099 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10099 I N A S S E M B L Y March 4, 2010 ___________ Introduced by M. of A. HAWLEY -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to repeal section 2975-a of the public authorities law, relating to the assessment and reimbursement of state expenditures THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 2975-a of the public authorities law is REPEALED. S 2. All monies paid by or on behalf of any industrial development agency or authority as of the effective date of this act to reimburse to New York state an allocable share of state governmental costs attribut- able to the provision of services to industrial development agencies as determined in section 2975-a of the public authorities law shall be reimbursed to the paying entity within ninety days of the effective date of this act. S 3. This act shall take effect immediately and shall be deemed to have been in full force and effect on and after April 1, 2009. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD16169-02-0
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