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NY S02728
Bill
Status
6/3/2021
Primary Sponsor
Todd Kaminsky
Click for details
AI Summary
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Replaces the term "tourism destination" with "regionally significant project" in General Municipal Law section 862 regarding financial assistance for development projects.
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Requires the agency board to obtain an independent third-party analysis demonstrating that project benefits to the community outweigh costs before determining a project is regionally significant.
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Establishes that a regionally significant project must be likely to attract significant visitors from outside its economic development region and preserve or increase permanent private sector jobs in the state.
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Requires the chief executive officer of the city, town, or village where the project is located to confirm the agency's proposed financial assistance before it can be provided.
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Takes effect immediately upon enactment.
Legislative Description
Expands the law to include the preservation of regionally significant projects with respect to agencies drawing on funds for new building projects.
Last Action
referred to local governments
4/27/2022