Loading chat...
NY A05261
Bill
Status
2/12/2025
Primary Sponsor
Michaelle Solages
Click for details
AI Summary
-
Prohibits industrial development agencies from using funds, financial incentives, or subsidies for any project where the project occupant is not publicly disclosed at the required public hearing
-
Bars tax exemptions from being granted to projects if the project occupant is not publicly disclosed at the time of the public hearing
-
Requires disclosure of project occupants as defined in section 1801 of the public authorities law
-
Amends sections 862 and 874 of the general municipal law to add these transparency requirements
-
Takes effect immediately upon passage
Legislative Description
Prevents the use of funds, financial incentives, subsidies or tax exemptions for projects where the occupier of the project is not disclosed.
Last Action
referred to local governments
1/7/2026