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NY A00409
Bill
Status
1/8/2025
Primary Sponsor
Michaelle Solages
Click for details
AI Summary
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Prohibits the state, municipalities, public corporations, and their negotiating agents from including confidentiality or non-disclosure clauses in economic development contracts
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Applies to agreements involving tax incentives, payments in lieu of taxes (PILOTs), tax abatements, bonds, notes, loans, grants, and rebates
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Bars contract language that would prevent parties from disclosing, discussing, describing, or commenting on agreement terms
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Amends four separate laws to ensure comprehensive coverage: the Urban Development Corporation Act, State Finance Law, General Municipal Law, and Economic Development Law
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Takes effect immediately upon passage
Legislative Description
Prohibits confidentiality and non-disclosure provisions from inclusion in contracts pertaining to economic development, entered into by the state or a municipality or any party negotiating on behalf of such governmental entity.
Last Action
referred to governmental operations
1/7/2026