Assembly Bill A2861

2017-2018 Legislative Session

Relates to applications under the economic transformation and facility redevelopment program

download bill text pdf

Sponsored By

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

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2017-A2861 (ACTIVE) - Details

Current Committee:
Assembly Economic Development
Law Section:
Economic Development Law
Laws Affected:
Amd §402, Ec Dev L
Versions Introduced in Other Legislative Sessions:
2013-2014: A9688
2015-2016: A4783
2019-2020: A4701
2021-2022: A2223
2023-2024: A4699

2017-A2861 (ACTIVE) - Summary

Relates to extending the date for certain applications under the economic transformation and facility redevelopment program.

2017-A2861 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2861
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2017
                                ___________
 
 Introduced  by  M.  of A. BUTLER, OAKS -- Multi-Sponsored by -- M. of A.
   BARCLAY, CROUCH -- read once and referred to the Committee on Economic
   Development
 
 AN ACT to amend the economic development law, in relation to application
   under the economic transformation and facility redevelopment program

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  1 of section 402 of the economic development
 law, as amended by section 4 of part QQ of chapter 60  of  the  laws  of
 2016, is amended to read as follows:
   1. A business entity must submit a completed application as prescribed
 by  the  commissioner  by  the later of (a) the date that is three years
 after the date of the closure of the  closed  facility  located  in  the
 economic  transformation area in which the business entity would operate
 or (b) January first, two thousand fifteen OR (C) THE DATE THAT IS  FOUR
 YEARS  AFTER THE DATE THAT THE TITLE TO A CLOSED FACILITY IS TRANSFERRED
 FROM THE STATE TO A COUNTY OR MUNICIPALITY, BUT NO  LATER  THAN  JANUARY
 FIRST,  TWO THOUSAND NINETEEN. Provided however, in the case of a closed
 facility described in paragraph (d) of  subdivision  eleven  of  section
 four  hundred of this article, a business entity must submit a completed
 application as prescribed by the commissioner by  September  first,  two
 thousand sixteen.
   §  2. This act shall take effect immediately; provided that the amend-
 ment to section 402 of the economic development law made by section  one
 of  this  act shall not affect the expiration and repeal of such section
 and shall be deemed repealed therewith.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01356-01-7

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