What's happening
This bill removes the specific list of counties eligible for foreign trade zones in the Capital District, allowing broader participation.
Why it matters
Broader Economic Opportunity. By removing the named list of eligible counties and referring instead to “participating counties,” the bill enables more counties in the Capital District to potentially benefit from the economic advantages of foreign trade zones (FTZs), such as attracting international businesses and boosting local employment.
Local Control and Flexibility. The amendment maintains that no county can be financially obligated for FTZ operations without prior approval from its legislative body, ensuring local governments retain authority over financial participation and commitments.
Modernization and Regional Cooperation. The change reflects a more modern, flexible approach to regional economic planning, allowing the Capital District Regional Planning Commission to respond to changing economic conditions and collaborate with a broader set of counties as opportunities arise.
Potential for Increased Investments. Expanding eligibility for FTZs could make the region more attractive to exporters, manufacturers, and companies seeking logistical advantages, potentially leading to increased investment and economic growth across a wider area.
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Who cares
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Sponsors
1 Co-sponsor
History
- Referred to economic development
- Referred to economic development
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.
Expand Grant Eligibility Region
In Senate Committee · Local Government · Sponsor James L. Seward
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
8050
2017-2018 Regular Sessions
IN ASSEMBLY
May 25, 2017
Introduced by M. of A. FAHY -- read once and referred to the Committee on Economic Development
AN ACT to amend chapter 138 of the laws of 1984 authorizing the capital district regional planning commission to apply for and accept a grant for the establishment, operation and maintenance of foreign trade zones and foreign trade subzones, in relation to removing the specification of counties in the capital district region
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 1 of chapter 138 of the laws of 1984, relating to authorizing the capital district regional planning commission to apply for and accept a grant for the establishment, operation and maintenance of foreign trade zones and foreign trade subzones, as amended by chapter 484 of the laws of 2001, is amended to read as follows:
Section 1. The capital district regional planning commission, hereafter referred to as the commission, may make application to the foreign trade zone board established by the act of congress, approved June 18, 1934, entitled "An Act to provide for the establishment, operation and maintenance of foreign trade zones in ports of entry of the United States, to expedite and encourage foreign commerce, and for other purposes" for a grant [to the capital district region covering counties of Albany, Columbia, Fulton, Greene, Montgomery, Rensselaer, Saratoga, Schenectady, Warren and Washington] for the privilege to have established, operated and maintained a foreign trade zone or zones and foreign trade subzones [within such counties] pursuant to the provisions of such act, and if such application be granted, to have established, operated and maintained such zone and subzones in accordance with law. The capital district regional planning commission may enter into such contracts and may appropriate such sums of money as it may deem proper, subject to the provisions of this act, towards the promotion and establishment of such zones and subzones but such commission shall not impose
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09662-01-7
A. 8050 2
or incur any financial liability on behalf of [the] participating counties [comprising the capital district region] without the prior approval of the legislative body of each participating county [of the district].
§ 2. This act shall take effect immediately.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.