S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3025
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2021
                                ___________
 
 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 TWENTY-ONE 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.
                                                            LBD04251-01-1