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A8579Assembly2009-2010 Session

Repeals and reestablishes the town of Yorktown industrial development agency, whose existence lapsed due to its inactivity; repealer

Sponsor Greg BallAD-99Affects Local Government
Status
In Assembly Committee
Local Governments
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Local Governments

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Who cares

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Sponsors

Primary sponsor
Greg Ball

Assembly Member · Assembly District 99

No co-sponsors yet.

History

  1. Referred to local governments
  2. Referred to local governments

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:A8579

Title of bill

An act to amend the general municipal law, in relation to establishing the town of Yorktown industrial development agency; and to repeal section 925-s of such law relating thereto

Purpose

This legislation recreates the Town of Yorktown Industrial Development Agency and provides for its functions, powers, and duties.

Summary of provisions

Section 1. Section one of this legislation amends the General Municipal Law by repealing section 923-s and adding a new section to recreate the Town of Yorktown Development Agency.

Justification

Industrial Development Agencies in New York State are created to promote the economic welfare and prosperity of the inhabit- ants of a municipality or county. Further it is their function to actively attract and encourage development in the area in question.

Pursuant to General Municipal. Law section B56(1)(b)(2), an Industrial Development Agency ceases to exist if at the expiration of tem years, there are no outstanding bonds or other obligations. Since the Town of Yorktown Industrial Development Agency has no outstanding band as required by statute, they are no longer considered in existence.

Thus, this legislation reestablishes the Industrial Development Agency in the Town of Yorktown which is located in Westchester County. Many local employers have requested this legislation in an effort to continue to be able to promote economic and recreational opportunities within the town.

Legislative history

New bill

Fiscal, implications

None

Effective date

This act shall take effect immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.