S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2466
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2019
                                ___________
 
 Introduced  by  M. of A. FAHY -- read once and referred to the Committee
   on Real Property Taxation
 
 AN ACT to amend the public lands law,  in  relation  to  certain  state-
   leased or state-owned lands
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Section 19-a of the public lands law is amended by adding a
 new subdivision 2-b to read as follows:
   2-B. (1) NOTWITHSTANDING ANY PROVISION OF THIS SECTION TO THE  CONTRA-
 RY, IN ADDITION TO STATE AID OTHERWISE PAYABLE PURSUANT TO THIS SECTION,
 THERE  SHALL  BE  PAYABLE TO ANY CITY LOCATED IN A COUNTY IN WHICH THERE
 HAS BEEN CONSTRUCTED A STATE OFFICE BUILDING PROJECT  KNOWN  AS  THE  W.
 AVERELL HARRIMAN STATE OFFICE BUILDING CAMPUS (MORE SPECIFICALLY IDENTI-
 FIED  ON  THE  ASSESSMENT  ROLL  OF  SUCH CITY AS SECTION, LOT AND BLOCK
 NUMBERS 53.00-1-2 AND 53.00-1-9, RESPECTIVELY), STATE AID PAYABLE  ANNU-
 ALLY,  IN  AN  AMOUNT  EQUAL  TO 1.75 PERCENT OF SUCH AGGREGATE ASSESSED
 VALUES OF SUCH STATE OFFICE BUILDING PROJECT AS IT APPEARED ON  THE  TWO
 THOUSAND NINE FINAL ASSESSMENT ROLL OF SUCH CITY.
   (2)  SUCH PAYMENTS SHALL BE FOR CITY PURPOSES ONLY, AND SHALL BEGIN ON
 JUNE FIRST, TWO THOUSAND NINETEEN AND SHALL BE PAYABLE FOR A  PERIOD  OF
 TEN  YEARS. FOR GREATER CERTAINTY, SUCH CITY'S ASSESSMENTS FOR THE PROP-
 ERTIES DESCRIBED IN PARAGRAPH ONE OF THIS SUBDIVISION ARE TO  REMAIN  AT
 SUCH  TWO  THOUSAND  NINE TOTAL ASSESSED VALUES, I.E. SIX HUNDRED SIXTY-
 THREE MILLION NINE HUNDRED FIFTY THOUSAND NINE HUNDRED DOLLARS  AND  TEN
 MILLION  FOUR HUNDRED NINETEEN THOUSAND SIX HUNDRED DOLLARS, RESPECTIVE-
 LY, THROUGHOUT SUCH TEN YEAR PERIOD, PROVIDED, HOWEVER, IF  ANY  PORTION
 OF  THE  PROPERTY  IS  SOLD BY THE STATE OF NEW YORK DURING THIS PERIOD,
 THEN THE SALE PRICE OF SUCH SALE SHALL BE DEDUCTED FROM ITS  APPROPRIATE
 ABOVE  REFERENCED TOTAL ASSESSED VALUE ON THE NEXT SUCCEEDING ASSESSMENT
 ROLL, AND SUCH REDUCED TOTAL ASSESSED VALUE SHALL BECOME THE  NEW  BASIS
 FOR  DETERMINING  THE  ANNUAL  PAYMENT FOR THAT AND EACH SUCCEEDING YEAR
 THEREAFTER.
   § 2. This act shall take effect immediately.
 
              

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01089-01-9