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Sponsors
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History
- Referred to local governments
- Delivered to assembly
- Passed senateVote 60–1
- Home rule request
- Advanced to third reading
- 2nd report cal.
- 1st report cal.828
- 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.
Reestablishes the town of Yorktown industrial development agency
In Assembly Committee · Local Governments · Sponsor Steve Katz
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the general municipal law, in relation to establishing the town of Yorktown industrial development agency
Purpose
This legislation recreates the Town of Yorktown Industrial Development Agency and provides for its functions, powers, and duties.
Summary of provisions
Section one amends the General Municipal Law by establishing a new section 925-s that reestablishes the Town of Yorktown Industrial Development Agency.
Justification
Industrial Development Agencies in New York State are created to promote the economic welfare and prosperity of the inhabitants of a municipality or county. Further, it is their function to actively attract and encourage development in a particular area.
Pursuant to General Municipal Law section 856(1)(b)(2), an Industrial Development Agency ceases to exist if at the expiration of ten years, there are no outstanding bonds or other obligations. Since the Town of Yorktown Industrial Development Agency has no outstanding bond as required by statute, they are no longer considered in existence.
Thus, this legislation reestablishes the Industrial Development Agency in the Town of Yorktown, 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.