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Who cares
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Sponsors
Senator · Senate District 7
No co-sponsors yet.
History
- Vetoed memo.222
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.663
- Substituted for A8025
- Referred to local governments
- Delivered to assembly
- Passed senateVote 63–0
- Ordered to third reading cal.1409
- Committee discharged and committed to rules
- Referred to local government
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 permitted use of funds of an industrial development agency
Assembly Floor Calendar · Sponsor Harvey Weisenberg
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5776
Title of bill
An act to amend the general municipal law, in relation to restrictions on funds of industrial development agencies
Purpose
To allow for the approval of Industrial Development Agency projects for property specifically used in making retail sales in areas directly impacted negatively by a natural disaster.
Summary of provisions
Section one amends section 862 of the general municipal law subdivision 2 to allow projects in a county impacted by a natural disaster to be eligible for projects for property specifically used in making retail sales.
Section two sets the effective date.
Justification
The storm commonly known as Hurricane Sandy was by most estimates as one of the most destructive and deadly storms to hit the United States since 1980. Sandy caused widespread destruction massive flooding and prolonged power outages. Many local governments throughout the State were severely affected by the flooding and the extraordinary costs of repairing the damage are considerable.
In addition to the destruction of the homes of our residents, many downtown areas also experienced property damage and loss. This bill will allow local Industrial Development Agencies to finance projects in the local downtown areas that were impacted by Sandy, in order to provide relief to get small businesses back up and running and address the issue of rebuilding our communities after Sandy holistically.
Legislative history
This is a new bill.
Fiscal implications
None to the state.
Effective date
This act shall take effect immediately and shall be deemed to have been in full force and effect on the same date and in the same manner as section 1 of part J of chapter 59 of the laws of 2013 took effect; provided that this act shall apply to any declaration that occurred on or after October 1, 2012.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.