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NY A10930
Bill
Status
Introduced
8/17/2020
Primary Sponsor
Fred Thiele
Click for details
AI Summary
- Amends General Municipal Law Section 858 and Public Authorities Law Sections 1953 and 2306 to require notifications regarding payments in lieu of taxes (PILOT) agreements
- Requires agencies and authorities to notify affected tax jurisdictions within two years of a PILOT agreement's expiration
- Requires immediate notification to affected tax jurisdictions upon early termination of a PILOT agreement
- Takes effect 60 days after becoming law
Legislative Description
Requires notification of the expiration of a PILOT agreement to be delivered to the affected tax jurisdiction within two years of the expiration of such agreement or immediately upon early termination.
Last Action
referred to local governments
8/17/2020
Committee Referrals
Local Governments8/17/2020
Full Bill Text
No bill text available