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NY A09106
Bill
Status
Introduced
1/20/2012
Primary Sponsor
Peter Lopez
Click for details
AI Summary
- Extends deadline for municipalities to adopt assessment relief provisions from 45 days to one year following gubernatorial approval of the act
- Extends deadline for property owners to submit damage relief requests from 90 days to one year following gubernatorial approval
- Establishes a hold harmless provision requiring the state to compensate participating municipalities in eligible counties for any reduction in assessment revenues resulting from the relief act
- Requires the director of the budget to develop criteria for distributing up to $20,000,000 in grants to municipalities in federally declared disaster areas, including an application process for municipalities to recover lost tax revenue under the assessment relief program
- Takes effect immediately upon enactment
Legislative Description
Provides for grants to municipalities under the Hurricane Irene-Tropical Storm Lee Flood Recovery Grant program for lost tax revenue; extends to 1 year the deadline for municipalities and real property owners to opt into participation in the assessment relief program for disaster damaged real property; enacts a hold harmless provision for municipalities.
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means1/20/2012
Full Bill Text
No bill text available