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Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to state aid payments made to certain cities on state-owned lands
In Assembly Committee · Real Property Taxation · Sponsor John T. McDonald III
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S1155
Title of bill
An act to amend the public lands law, in relation to state aid on certain leased or state-owned lands
Purpose or general idea of bill
The bill modifies existing public lands law payments on the Empire State Plaza PILOT, by providing for a "spin up" of the last four years of the scheduled payments.
Summary of specific provisions
Section 1 amends paragraph 1 of subdivision 2-a of section 19-a of the public lands law, as amended by section 1 of part T of Chapter 57 of the Laws of 2012 to "spin up" the last four years of scheduled payments. Section 2 is the effective date.
Justification
To help alleviate the financial situation currently faced by the City of Albany, they have requested this legislation which modifies the PILOT payments on the Empire State Plaza. The proposal calls for a "spin up" of $7,850,000 from the last four years of the scheduled payments beginning in fiscal year 2013-14.
Prior legislative history
2011-12: S.7200/A.10021 Remained in the Senate Committee on Investigations and Government Operations and the Assembly Committee on Real Property Taxation
Fiscal implications
To be determined.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.