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NY A10157
Bill
Status
2/12/2026
Primary Sponsor
Jonathan Jacobson
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AI Summary
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Extends the independent monitor for the Orange County Industrial Development Agency from three years to six years and expands the monitor's authority to also oversee the Orange County Funding Corporation
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Requires the monitor to approve or disapprove any proposed contract or financial assistance agreement in writing at least 72 hours before board adoption, with no vote permitted without written approval
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Grants the monitor authority to direct the board to recoup financial assistance from recipients who fail to meet contract terms, including job creation goals or promised facility development
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Requires board recommendations from the monitor to be voted on within 45 days, with rejection only possible by at least five board members voting against
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Mandates prevailing wages for all contractors and subcontractors on privately-owned projects receiving tax benefits in counties with populations between 390,000 and 415,000
Legislative Description
Extends the term and authority of the independent monitor for the Orange county industrial development agency; requires such monitor also monitor the Orange county funding corporation; modifies the applicability of certain tax exemptions based on population; extends provisions of law related to the independent monitor for the Orange county industrial development agency.
Last Action
referred to local governments
2/12/2026