Assembly Bill A6391

2023-2024 Legislative Session

Relates to financial assistance from an industrial development agency; repealer

download bill text pdf

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Current 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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2023-A6391 (ACTIVE) - Details

See Senate Version of this Bill:
S4868
Current Committee:
Assembly Local Governments
Law Section:
General Municipal Law
Laws Affected:
Rpld §854 sub 18, amd §862, Gen Muni L

2023-A6391 (ACTIVE) - Summary

Repeals provisions related to requiring projects be located in a highly distressed area in order to qualify for certain financial assistance from an industrial development agency.

2023-A6391 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6391
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               April 6, 2023
                                ___________
 
 Introduced by M. of A. RIVERA -- read once and referred to the Committee
   on Local Governments
 
 AN  ACT  to  amend  the  general municipal law, in relation to financial
   assistance from  an  industrial  development  agency;  and  to  repeal
   certain provisions of such law relating thereto

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 18 of section 854 of the general municipal  law
 is REPEALED.
   §  2.  Paragraph  (b)  of  subdivision 2 of section 862 of the general
 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].
   § 3. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09621-01-3

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