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History
- Signed chap.87
- Delivered to governor
- Returned to senate
- Passed assembly
- Home rule request
- Ordered to third reading rules cal.348
- Substituted for A9407
- Referred to local governments
- Delivered to assembly
- Passed senateVote 59–0
- Home rule request
- Advanced to third reading
Show 3 earlier actions
- 2nd report cal.
- 1st report cal.402
- 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 extending the existence of the Hamilton county industrial development agency until July 21, 2026
Assembly Floor Calendar · Sponsor Marc Butler
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to authorize the continuance of the existence of the Hamilton county industrial development agency for an additional 10 years
Purpose
To continue the existence of the Hamilton County IDA for an additional 10 years.
Summary of provisions
The bill provides that the Hamilton County Industrial Development Agency shall continue in existence until July 21, 2016, notwithstanding the provisions of section 856(1)(b) of the General Municipal Law.
Existing law
Section 926-r of the General Municipal Law establishes the Hamilton County Industrial Development Agency (IDA).
Section 856(1)(b) of the General Municipal Law provides that all IDAs established by special act of the Legislature shall be perpetual in duration except that they shall terminate and dissolve in certain situations, such as if there shall be no outstanding bonds or obligations at the expiration of 10 years subsequent to the effective date of the special enabling act.
Justification
Chapter 461 of the Laws of 1986 added Section 926-r to the General Municipal Law, authorizing the establishment of the Hamilton County Industrial Development Agency in accordance with the provisions of Title 1 of Article 18-A of the General Municipal Law. The members of the IDA are appointed by the governing body of Hamilton County.
In 1996, the IDA was facing possible statutory termination in accordance with the provisions of Section 856(1)(b) of the General Municipal Law, as it did not have any outstanding bonds at that time. Special legislation was enacted in 1996 (Chapter 351) and in 2006 (Chapter 141) to extend the authorization of the Hamilton County IDA for an additional 10 years.
The Hamilton County Board of Supervisors is again requesting that the IDA's existence be extended for another 10 years.
Hamilton County is one of the largest counties in the state by physical size, but is by far the smallest in terms of population. It is also one of only two counties which are located entirely within the boundaries of the Adirondack Park. These factors create unique economic challenges.
The IDA is active in promoting and developing economic activity throughout the county, and manages a small business revolving loan fund in addition to its authority to issue bonds. The continued existence of this agency is important for the economic growth and health of the County.
Legislative history
New bill. Similar to previous extensions in 1996 and 2006.
Fiscal implications
None to the State
Effective date
Immediately
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.