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NY S04868
Bill
Status
Introduced
2/16/2023
Primary Sponsor
Sean Ryan
Click for details
AI Summary
- Repeals subdivision 18 of section 854 of the general municipal law
- Amends section 862 of the general municipal law to remove the requirement that projects be located in a highly distressed area to qualify for financial assistance from industrial development agencies
- Retains the existing provision allowing financial assistance for retail projects that would make goods or services reasonably accessible to residents lacking nearby retail facilities
- Takes effect immediately upon enactment
Legislative Description
Repeals provisions related to requiring projects be located in a highly distressed area in order to qualify for certain financial assistance from an industrial development agency.
Last Action
REFERRED TO LOCAL GOVERNMENT
1/3/2024
Committee Referrals
Local Government2/16/2023
Full Bill Text
No bill text available