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S5164Senate2013-2014 SessionSame asA7523

Repeals provisions of law establishing the town of Champlain industrial development agency, and transfers the assets, liabilities and obligations thereof to the town of Champlain

Sponsor Betty LittleSD-45Affects Finance
Status
Signed by Governor
Impact
Pending
Outcome
Signed into law

Bill progress

Signed into law

What's happening

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Who cares

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Sponsors

Primary sponsor
Betty Little

Senator · Senate District 45

Chair, Cultural Affairs, Tourism, Parks And Recreation

No co-sponsors yet.

History

  1. Signed chap.541
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Home rule request
  6. Ordered to third reading rules cal.545
  7. Substituted for A7523
  8. Referred to ways and means
  9. Delivered to assembly
  10. Passed senateVote 62–0
  11. Home rule request
  12. Advanced to third reading
Show 3 earlier actions
  1. 2nd report cal.
  2. 1st report cal.1064
  3. Referred to local government

Companion bill

Full text

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

Sponsor's memo

BILL NUMBER:S5164

Title of bill

An act to provide for the transfer of all rights, titles, interests, obligations, liabilities and records of the town of Champlain industrial development agency to the town of Champlain, in the county of Clinton; and to repeal section 926-p of the general municipal law relating to the town of Champlain industrial development agency

Purpose

Repeals provisions of law establishing the town of Champlain industrial development agency, and transfers the assets, liabilities and obligations thereof to the town of Champlain.

Summary of provisions

Section 1 repeals section 926-p of the general municipal law.

Section 2 transfers all the assets, liabilities and obligations of the town of Champlain Industrial Development Agency to the town of Cham- plain.

Section 3 contains the effective date.

Existing law

Section 926-p authorizes the establishment of the town of Champlain Industrial Development Agency and the responsibilities thereof.

Justification

This bill repeals the statutory authorization for the Town of Champlain Industrial Development Agency and dissolves the Agency thereof. The TCIDA Board, in consultation with the Town of Champlain Board, has made the decision to dissolve the Agency due to lack of activity and the Town's inability to fund its continued operation. Moreover, this legislation seeks to advance the State's efforts to reduce the number of unnecessary or duplicative authorities. The County of Clinton IDA will be able to provide assistance to eligible projects that may arise in the Town. Any existing records, property, rights, titles, and interest will be kept on file in the Champlain Town Hall.

Legislative history

New bill

Fiscal implications

None

Local fiscal implications

Will reduce the funds required by the town to operate the agency.

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.