Senate Bill S1717A

2023-2024 Legislative Session

Requires the return of certain financial assistance provided for a project where the project has material shortfalls or material violations and preventing the use of incentives for projects already in development

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Current 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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Bill Amendments

2023-S1717 - Details

Current Committee:
Senate Local Government
Law Section:
General Municipal Law
Laws Affected:
Amd §§874, 854 & 862, Gen Muni L
Versions Introduced in Other Legislative Sessions:
2019-2020: S8960
2021-2022: S1770

2023-S1717 - Summary

Requires the return of all or a part of the financial assistance provided for a project where the project has material shortfalls or material violations; prevents the use of funds, financial incentives, subsidies or tax exemptions for projects already in development.

2023-S1717 - Sponsor Memo

2023-S1717 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1717
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 13, 2023
                                ___________
 
 Introduced  by  Sen. SKOUFIS -- 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 requiring  the
   return  of  all  or  a part of the financial assistance provided for a
   project  where  the  project  has  material  shortfalls  or   material
   violations  and  preventing  the  use  of funds, financial incentives,
   subsidies or tax exemptions for projects already in development
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 11 of section 874 of the general municipal law,
 as added by chapter 563 of the laws of 2015, is amended and a new subdi-
 vision 13 is added to read as follows:
   (11)  Each  agency  shall  develop policies for the return of all or a
 part of the financial assistance provided for the project, including all
 or part of the amount of any tax exemptions, as specified in the policy,
 which may include but shall not be limited to material shortfalls in job
 creation and retention projections or material violations of  the  terms
 and  conditions  of  project agreements. THE AGENCY SHALL IMPLEMENT SUCH
 POLICIES CREATED IN ACCORDANCE WITH THIS SUBDIVISION TO  RETURN  ALL  OR
 PART  OF  THE  FINANCIAL  ASSISTANCE  PROVIDED FOR ANY PROJECT WHERE THE
 AGENCY'S ANNUAL ASSESSMENT OF A PROJECT SHOWS MATERIAL SHORTFALLS IN JOB
 CREATION AND RETENTION PROJECTIONS OR MATERIAL VIOLATIONS OF  THE  TERMS
 AND  CONDITIONS  OF PROJECT AGREEMENTS.  IF SUCH MATERIAL SHORTFALLS ARE
 THE DIRECT RESULT OF FACTORS BEYOND THE  AGENCY'S  CONTROL,  THE  AGENCY
 MUST  NOTIFY THE AUTHORITY'S BUDGET OFFICE IN WRITING OF THE WAIVER WITH
 A COMPREHENSIVE EXPLANATION. All such returned amounts of tax exemptions
 shall be redistributed to the  appropriate  affected  tax  jurisdiction,
 unless agreed to otherwise by any local taxing jurisdiction.
   (13)  EXCEPT WHERE ENVIRONMENTAL CONTAMINATION REQUIRING A SIGNIFICANT
 INCREASE IN PROJECT COSTS IS DISCOVERED DURING THE  DEVELOPMENT  OF  THE
 PROJECT  OR  WHERE  A  MUNICIPALITY  HAS  REASSESSED  ALL OR PART OF THE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00227-01-3
              

2023-S1717A (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
General Municipal Law
Laws Affected:
Amd §§874, 854 & 862, Gen Muni L
Versions Introduced in Other Legislative Sessions:
2019-2020: S8960
2021-2022: S1770

2023-S1717A (ACTIVE) - Summary

Requires the return of all or a part of the financial assistance provided for a project where the project has material shortfalls or material violations; prevents the use of funds, financial incentives, subsidies or tax exemptions for projects already in development.

2023-S1717A (ACTIVE) - Sponsor Memo

2023-S1717A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1717--A
     Cal. No. 800
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 13, 2023
                                ___________
 
 Introduced  by  Sen. SKOUFIS -- read twice and ordered printed, and when
   printed to be committed  to  the  Committee  on  Local  Government  --
   reported  favorably  from  said committee, ordered to first and second
   report, ordered to a third reading,  amended  and  ordered  reprinted,
   retaining its place in the order of third reading
 
 AN  ACT to amend the general municipal law, in relation to requiring the
   return of all or a part of the financial  assistance  provided  for  a
   project   where  the  project  has  material  shortfalls  or  material
   violations and preventing the  use  of  funds,  financial  incentives,
   subsidies or tax exemptions for projects already in development
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 11 of section 874 of the general municipal law,
 as added by chapter 563 of the laws of 2015, is amended and a new subdi-
 vision 13 is added to read as follows:
   (11) Each agency shall develop policies for the return  of  all  or  a
 part of the financial assistance provided for the project, including all
 or part of the amount of any tax exemptions, as specified in the policy,
 which may include but shall not be limited to material shortfalls in job
 creation  and  retention projections or material violations of the terms
 and conditions of project agreements. THE AGENCY  SHALL  IMPLEMENT  SUCH
 POLICIES  CREATED  IN  ACCORDANCE WITH THIS SUBDIVISION TO RETURN ALL OR
 PART OF THE FINANCIAL ASSISTANCE PROVIDED  FOR  ANY  PROJECT  WHERE  THE
 AGENCY'S ANNUAL ASSESSMENT OF A PROJECT SHOWS MATERIAL SHORTFALLS IN JOB
 CREATION  AND  RETENTION PROJECTIONS OR MATERIAL VIOLATIONS OF THE TERMS
 AND CONDITIONS OF PROJECT AGREEMENTS.  IF SUCH MATERIAL  SHORTFALLS  ARE
 THE  DIRECT RESULT OF FACTORS BEYOND THE APPLICANT'S CONTROL, THE AGENCY
 MUST NOTIFY THE AUTHORITY'S BUDGET OFFICE IN WRITING OF THE WAIVER  WITH
 A COMPREHENSIVE EXPLANATION. All such returned amounts of tax exemptions
 shall  be  redistributed  to  the appropriate affected tax jurisdiction,
 unless agreed to otherwise by any local taxing jurisdiction.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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