Senate Bill S3825

2019-2020 Legislative Session

Relates to retail sales of the Industrial Development Agency

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Local Government 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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2019-S3825 (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
General Municipal Law
Laws Affected:
Amd §862, Gen Muni L
Versions Introduced in 2017-2018 Legislative Session:
S5155

2019-S3825 (ACTIVE) - Summary

Relates to retail sales on funds of the Industrial Development Agency.

2019-S3825 (ACTIVE) - Sponsor Memo

2019-S3825 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3825
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             February 15, 2019
                                ___________
 
 Introduced  by  Sens. RANZENHOFER, AKSHAR, AMEDORE, SERINO -- read twice
   and ordered printed, and when printed to be committed to the Committee
   on Local Government
 
 AN ACT to amend the general municipal law, in relation to  retail  sales
   of the industrial development agency

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (b) of subdivision 2 of section 862 of the gener-
 al municipal law, as added by section 1 of part J of chapter 59  of  the
 laws of 2013, is amended to read as follows:
   (b)  Notwithstanding  the provisions of paragraph (a) of this subdivi-
 sion, financial assistance may, however, be provided to a project  where
 facilities or property that are primarily used in making retail sales of
 goods  or  services to customers who personally visit such facilities to
 obtain such goods or services constitute  more  than  one-third  of  the
 total  project  cost,  where: (i) the predominant purpose of the project
 would be to make available goods or services which would  not,  but  for
 the  project,  be  reasonably  accessible  to the residents of the city,
 town, or village within which the  proposed  project  would  be  located
 because  of  a  lack  of  reasonably  accessible retail trade facilities
 offering such goods or services; [or] (ii) the project is located  in  a
 highly  distressed area; OR (III) "RETAIL SALES" CONSIST OF PROFESSIONAL
 OFFICES INCLUDING MEDICAL, DENTAL, CHIROPRACTIC, INSURANCE,  ACCOUNTING,
 OPTICIAN  OR  CONSULTING  PROFESSIONS,  AS  PART  OF A MIXED USE PROJECT
 INCLUDING RESIDENTIAL AND/OR OFFICE USES OR ADAPTIVE RE-USE DEVELOPMENT.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01738-01-9

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