Legislation
CHAPTER INTRO
Urban Development Corporation Act 174/68
Chapter 174 of the laws of 1968
Section 1. Short title.
2. Statement of legislative findings and purposes.
3. Definitions.
4. New York state urban development corporation.
5. Powers of the corporation.
6. Sale or lease of land use improvement projects.
6-a*. Sale or lease of infrastructure projects.
* NB Not implemented due to defeat of the Jobs for the new, New York
bond act in November, 1992
7. Sale or lease of residential projects.
8. Sale or lease of industrial projects.
9. Sale or lease of civic projects.
9-a. Financial assistance for small and medium-sized
business assistance projects.
9-b.
9-c. Rules and regulations.
9-d. Reports and evaluation.
9-e. Creating a Puerto Rican and Latino business
development center.
9-f. Special assistance for small and medium-sized
businesses which are adversely affected by the
absence of eligible reservists ordered to active
duty with the armed forces.
10. Findings of the corporation.
11. Construction contracts.
12. Subsidiaries: how created.
13. Acquisition of real property.
13-a. Conveyance of state lands.
14. Acquisition of real property from a municipality or
an urban renewal agency.
15. Special provisions relating to residential projects.
16. Cooperation with municipalities.
16-a. Regional revolving loan trust fund.
16-b. Job retention and defense industry working capital
loan program.
16-c. Minority- and women-owned business development and
lending program.
16-d. Urban and community development program.
16-e. Regional economic development partnership program.
16-f. Bonding guarantee assistance program.
16-g. Child care facilities construction program.
16-h. The JOBS Now program is hereby created.
16-i. The empire state economic development fund.
16-j. Strategic training alliance program.
16-k. Capital access program.
16-l. Rural revitalization program.
16-m. The empire state economic development fund.
16-n. Restore New York's Communities Initiative.
16-n*2. Collection of payments in lieu of taxes pursuant to
leases with respect to parcels within the Brooklyn
bridge park civic project.
16-o. The community development financial institutions
program.
16-p. The investment opportunity fund.
16-q. The upstate regional blueprint fund.
16-r. The downstate revitalization fund.
16-s. The upstate agricultural economic development fund
and healthy food / healthy communities initiative.
16-t. Small business revolving loan fund.
16-u. Innovate NY fund.
16-v. New York state business incubator and innovation hot
spot support act.
16-w. Beginning farmers NY fund.
16-x. Dairy promotion act.
16-y. Marketing of agricultural products.
16-z. Marketing orders.
16-aa. Life sciences initiatives program.
16-dd. Community development revolving loan program.
16-ee. Loans to social and economic equity applicants.
16-ff. COVID-19 pandemic small business recovery grant
program.
16-gg. Small business seed funding grant program.
16-gg*2. Division of Broadband Access.
16-hh. Small business and entrepreneurs grant program.
16-ii. Empire AI consortium reports.
17. Bonds and notes of the corporation.
18. Bond authorization.
19. Security for bonds or notes; construction and
acquisition of projects.
20. Reserve funds and appropriations.
21. Trust funds.
22. Exemption from taxation.
23. Notes and bonds as legal investments.
24. Agreement with the state.
25. State's right to require redemption of bonds.
26. State payments to municipalities and political
subdivisions.
27. Remedies of noteholders and bondholders.
28. Monies of the corporation.
29. Assistance by state officers, departments, boards and
commissions.
30. Reports and evaluations.
30-a. (Enacted without section heading).
31. Court proceedings; preferences; venue.
31-a. Actions against corporation.
32. Special provisions relating to directors of the
corporation and members of the business advisory
council for urban development.
33. Inconsistent provisions of other laws superseded.
34. Construction.
35. Separability.
36. Limitation on new projects
37. Assistance; application and evaluation, generally.
38. Small business and minority-owned and women-owned
business enterprises transportation capital
assistance and guaranteed loan program.
39. Lease and operation of seventh regiment armory.
41. International computer chip research and development
center.
42. New York state modernization projects.
43. 2008 Economic development initiatives.
44. Issuance of certain bonds or notes.
45. NY-SUNY 2020.
46. (Enacted without section heading).
47. (Enacted without section heading).
48. Authorization for transportation infrastructure
finance and innovation act loans.
49. (Enacted without section heading).
50. (Enacted without section heading).
51. (Enacted without section heading).
52. Small business innovation research (SBIR)/small
business technology transfer (STTR) technical
assistance program.
52-a. Small business innovation research and small business
technology transfer matching grant program.
53. (Enacted without section heading).
54. (Enacted without section heading).
54-a. Personal income tax notes; 2022.
54-b. Personal income tax notes.
55. (Enacted without section heading).
55-a. Line of credit facilities; 2022.
55-b. Line of credit facilities.
56. State-supported debt; 2021.
56-a. State-supported debt; 2022.
57. (Enacted without section heading).
58. Gateway project.
58*2. Reporting.
59. (Enacted without section heading).
Section 1. Short title.
2. Statement of legislative findings and purposes.
3. Definitions.
4. New York state urban development corporation.
5. Powers of the corporation.
6. Sale or lease of land use improvement projects.
6-a*. Sale or lease of infrastructure projects.
* NB Not implemented due to defeat of the Jobs for the new, New York
bond act in November, 1992
7. Sale or lease of residential projects.
8. Sale or lease of industrial projects.
9. Sale or lease of civic projects.
9-a. Financial assistance for small and medium-sized
business assistance projects.
9-b.
9-c. Rules and regulations.
9-d. Reports and evaluation.
9-e. Creating a Puerto Rican and Latino business
development center.
9-f. Special assistance for small and medium-sized
businesses which are adversely affected by the
absence of eligible reservists ordered to active
duty with the armed forces.
10. Findings of the corporation.
11. Construction contracts.
12. Subsidiaries: how created.
13. Acquisition of real property.
13-a. Conveyance of state lands.
14. Acquisition of real property from a municipality or
an urban renewal agency.
15. Special provisions relating to residential projects.
16. Cooperation with municipalities.
16-a. Regional revolving loan trust fund.
16-b. Job retention and defense industry working capital
loan program.
16-c. Minority- and women-owned business development and
lending program.
16-d. Urban and community development program.
16-e. Regional economic development partnership program.
16-f. Bonding guarantee assistance program.
16-g. Child care facilities construction program.
16-h. The JOBS Now program is hereby created.
16-i. The empire state economic development fund.
16-j. Strategic training alliance program.
16-k. Capital access program.
16-l. Rural revitalization program.
16-m. The empire state economic development fund.
16-n. Restore New York's Communities Initiative.
16-n*2. Collection of payments in lieu of taxes pursuant to
leases with respect to parcels within the Brooklyn
bridge park civic project.
16-o. The community development financial institutions
program.
16-p. The investment opportunity fund.
16-q. The upstate regional blueprint fund.
16-r. The downstate revitalization fund.
16-s. The upstate agricultural economic development fund
and healthy food / healthy communities initiative.
16-t. Small business revolving loan fund.
16-u. Innovate NY fund.
16-v. New York state business incubator and innovation hot
spot support act.
16-w. Beginning farmers NY fund.
16-x. Dairy promotion act.
16-y. Marketing of agricultural products.
16-z. Marketing orders.
16-aa. Life sciences initiatives program.
16-dd. Community development revolving loan program.
16-ee. Loans to social and economic equity applicants.
16-ff. COVID-19 pandemic small business recovery grant
program.
16-gg. Small business seed funding grant program.
16-gg*2. Division of Broadband Access.
16-hh. Small business and entrepreneurs grant program.
16-ii. Empire AI consortium reports.
17. Bonds and notes of the corporation.
18. Bond authorization.
19. Security for bonds or notes; construction and
acquisition of projects.
20. Reserve funds and appropriations.
21. Trust funds.
22. Exemption from taxation.
23. Notes and bonds as legal investments.
24. Agreement with the state.
25. State's right to require redemption of bonds.
26. State payments to municipalities and political
subdivisions.
27. Remedies of noteholders and bondholders.
28. Monies of the corporation.
29. Assistance by state officers, departments, boards and
commissions.
30. Reports and evaluations.
30-a. (Enacted without section heading).
31. Court proceedings; preferences; venue.
31-a. Actions against corporation.
32. Special provisions relating to directors of the
corporation and members of the business advisory
council for urban development.
33. Inconsistent provisions of other laws superseded.
34. Construction.
35. Separability.
36. Limitation on new projects
37. Assistance; application and evaluation, generally.
38. Small business and minority-owned and women-owned
business enterprises transportation capital
assistance and guaranteed loan program.
39. Lease and operation of seventh regiment armory.
41. International computer chip research and development
center.
42. New York state modernization projects.
43. 2008 Economic development initiatives.
44. Issuance of certain bonds or notes.
45. NY-SUNY 2020.
46. (Enacted without section heading).
47. (Enacted without section heading).
48. Authorization for transportation infrastructure
finance and innovation act loans.
49. (Enacted without section heading).
50. (Enacted without section heading).
51. (Enacted without section heading).
52. Small business innovation research (SBIR)/small
business technology transfer (STTR) technical
assistance program.
52-a. Small business innovation research and small business
technology transfer matching grant program.
53. (Enacted without section heading).
54. (Enacted without section heading).
54-a. Personal income tax notes; 2022.
54-b. Personal income tax notes.
55. (Enacted without section heading).
55-a. Line of credit facilities; 2022.
55-b. Line of credit facilities.
56. State-supported debt; 2021.
56-a. State-supported debt; 2022.
57. (Enacted without section heading).
58. Gateway project.
58*2. Reporting.
59. (Enacted without section heading).