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Who cares
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Sponsors
Senator · Senate District 61
No co-sponsors yet.
History
- Substituted by A10257
- Advanced to third reading
- 2nd report cal.
- 1st report cal.1026
- Referred to corporations, authorities and commissions
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 the restore New York's communities initiative
Signed by Governor · Sponsor Robin Schimminger
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the urban development corporation act, in relation to the restore New York's communities initiative
Purpose of bill
The bill would enhance the Economic State Development Corporation's (ESD) ability to utilize the Restore New York's Communities Initiative ("Restore NY") by allowing reconstructed buildings in eligible locations to be used in a manner beyond the use of a previously existing building at the same location.
Summary of provisions
Section 1 of the bill would amend paragraph (b) of subdivision 1 of section 16-n of the Urban Development Corporation Act to remove the Restore NY requirement that reconstructed buildings in eligible locations be used in a manner similar to previously existing buildings at the same location.
Section 2 would make the bill effective immediately.
Justification
This bill would provide ESD with greater flexibility in administering Restore NY by allowing creative new uses of reconstructed buildings at eligible locations. Currently, Restore NY requires that reconstructed buildings be used in a manner similar to a previously existing building at the same location.
The bill would remove the similar use requirement, enhancing ESD's ability to assist with the revitalization of properties. While well-intentioned, in many cases it is difficult or not desirable to meet this requirement. Additional flexibility would allow for the replacement of antiquated uses with those that reflect the area's current economic needs and assets.
Prior legislative history
None.
Fiscal implications
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.