Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 29, 2010 |
reported referred to ways and means |
Mar 18, 2010 |
referred to local governments |
Assembly Bill A10339
2009-2010 Legislative Session
Sponsored By
O'MARA
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
James Bacalles
2009-A10339 (ACTIVE) - Details
2009-A10339 (ACTIVE) - Sponsor Memo
BILL NUMBER:A10339 TITLE OF BILL: An act to amend the general municipal law, in relation to the Schuyler county industrial development agency's financing of automobile racing facilities PURPOSE: To allow Schuyler County Industrial Development Agency to finance automobile racing facilities. SUMMARY OF PROVISIONS: Section 1 of the bill amends Section 854 of the general municipal law by adding a new subdivision 20 defining "automo- bile racing facility" as any closed-course motor sports complex and its ancillary grounds that holds automobile racing exhibitions. Section 2 of the bill designates the opening paragraph of section 892-a of the general municipal law as subdivision 1 to give Schuyler County IDA the power to acquire, construct, own, maintain, and lease or sell to an automobile racing facility or private business corporation any inter- est in an automobile racing facility operated wholly or within Schuyler County, together with all buildings, structures, machinery, equipment, facilities, and appurtenances thereto which the agency may deem neces- sary, useful or desirable in connection with the construction, improve- ment or operation of any such facility, including overnight accommo- dations and other facilities. It also adds a new subdivision 2 to allow Schuyler County IDA to finance such facilities through the issuance of its bonds and notes, by having the ability for such facilities to
2009-A10339 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 7179 A. 10339 S E N A T E - A S S E M B L Y March 18, 2010 ___________ IN SENATE -- Introduced by Sen. WINNER -- read twice and ordered print- ed, and when printed to be committed to the Committee on Local Govern- ment IN ASSEMBLY -- Introduced by M. of A. O'MARA -- read once and referred to the Committee on Local Governments AN ACT to amend the general municipal law, in relation to the Schuyler county industrial development agency's financing of automobile racing facilities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 854 of the general municipal law is amended by adding a new subdivision 20 to read as follows: (20) "AUTOMOBILE RACING FACILITY" SHALL MEAN ANY CLOSED-COURSE MOTORS- PORTS COMPLEX AND ITS ANCILLARY GROUNDS THAT HOLDS AUTOMOBILE RACING EXHIBITIONS. S 2. The opening paragraph of section 892-a of the general municipal law is designated subdivision 1 and a new subdivision 2 is added to read as follows: 2. IN ADDITION TO THE POWERS AND DUTIES NOW OR HEREAFTER CONFERRED BY TITLE ONE OF ARTICLE EIGHTEEN-A OF THIS CHAPTER, THE AGENCY SHALL HAVE THE POWER (I) TO ACQUIRE, CONSTRUCT, OWN, MAINTAIN, AND LEASE OR SELL TO AN AUTOMOBILE RACING FACILITY OR PRIVATE BUSINESS CORPORATION ANY INTER- EST IN AN AUTOMOBILE RACING FACILITY OPERATED WHOLLY OR WITHIN SCHUYLER COUNTY, TOGETHER WITH ALL BUILDINGS, STRUCTURES, MACHINERY, EQUIPMENT, FACILITIES AND APPURTENANCES THERETO WHICH THE AGENCY MAY DEEM NECES- SARY, USEFUL OR DESIRABLE IN CONNECTION WITH THE CONSTRUCTION, IMPROVE- MENT OR OPERATION OF ANY SUCH FACILITY, INCLUDING OVERNIGHT ACCOMMO- DATIONS AND OTHER FACILITIES INCIDENTAL THERETO AND, (II) TO FINANCE SUCH FACILITIES THROUGH THE ISSUANCE OF ITS BONDS AND NOTES, WHEN IN THE JUDGMENT OF THE AGENCY, SUCH FACILITIES WILL SERVE TO PROMOTE, DEVELOP, ENCOURAGE AND ASSIST IN THE ACQUIRING, CONSTRUCTING, RECONSTRUCTING, IMPROVING, MAINTAINING, EQUIPPING OF SUCH FACILITIES AND ENCOURAGE TOURISM AND THEREBY ADVANCING JOB OPPORTUNITIES, HEALTH, GENERAL PROSPERITY AND ECONOMIC WELFARE OF THE PEOPLE OF THE STATE AND IMPROVE THEIR PROSPERITY AND STANDARD OF LIVING. S 3. This act shall take effect immediately.
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