Bill Text: NY A03563 | 2011-2012 | General Assembly | Introduced
Bill Title: Creates the New York State cultural development areas program; provides for the designation of cultural development areas; provides that capital improvements to qualified buildings within a cultural development area are eligible for real property tax exemptions; provides for a personal income tax credit for donations made to a qualifying capital project.
Spectrum: Partisan Bill (Democrat 19-0)
Status: (Introduced - Dead) 2012-01-04 - referred to tourism, parks, arts and sports development [A03563 Detail]
Download: New_York-2011-A03563-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 3563 2011-2012 Regular Sessions I N A S S E M B L Y January 25, 2011 ___________ Introduced by M. of A. MORELLE, CANESTRARI, PEOPLES-STOKES, NOLAN, GALEF, HOYT, ORTIZ, ABBATE, CYMBROWITZ, GABRYSZAK -- Multi-Sponsored by -- M. of A. BOYLAND, CAHILL, DESTITO, O'DONNELL, PHEFFER, ROBINSON, TOWNS, WEINSTEIN, WEISENBERG -- read once and referred to the Commit- tee on Tourism, Parks, Arts and Sports Development AN ACT to amend the arts and cultural affairs law, in relation to creat- ing the New York state cultural development areas program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. This act shall be known and may be cited as the "New York 2 state cultural development areas program act". 3 S 2. The arts and cultural affairs law is amended by adding a new 4 article 6 to read as follows: 5 ARTICLE 6 6 NEW YORK STATE CULTURAL DEVELOPMENT AREAS PROGRAM 7 SECTION 6.01. CULTURAL DEVELOPMENT AREAS PROGRAM; CREATION. 8 6.02. LEGISLATIVE INTENT. 9 6.03. DEFINITIONS. 10 6.04. DESIGNATION OF CULTURAL DEVELOPMENT AREA. 11 6.05. CRITERIA FOR CULTURAL DEVELOPMENT AREA DESIGNATION. 12 6.06. DESIGNATION OF CULTURAL ASSETS. 13 6.07. CRITERIA FOR DESIGNATION OF A CULTURAL ASSET. 14 6.08. RESPONSIBILITIES OF THE COMMISSIONER. 15 6.09. NEW YORK STATE CULTURAL DEVELOPMENT AREAS ADVISORY COUN- 16 CIL. 17 6.10. NEW YORK STATE CULTURAL DEVELOPMENT AREAS EVALUATION. 18 6.11. SPECIAL PROVISIONS RELATING TO CULTURAL DEVELOPMENT AREAS. 19 6.12. DIVISION OF TAXES BY GOVERNMENTAL BODIES. 20 6.13. CULTURAL DEVELOPMENT AREA CAPITAL CORPORATIONS. 21 6.14. APPROVAL OF CULTURAL DEVELOPMENT AREAS. 22 6.15. LOCAL ADMINISTRATION OF CULTURAL DEVELOPMENT AREAS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05495-01-1 A. 3563 2 1 6.16. DISPOSITION OF PROPERTY. 2 6.17. TERMINATION OR REVISION OF A CULTURAL DEVELOPMENT AREA. 3 6.18. RESCINDING OF LOCAL INCENTIVES. 4 S 6.01. CULTURAL DEVELOPMENT AREAS PROGRAM; CREATION. THE NEW YORK 5 STATE CULTURAL DEVELOPMENT AREAS PROGRAM IS HEREBY CREATED AND DECLARED 6 TO BE IN EVERY SENSE IN THE INTERESTS OF THE PEOPLE OF THE STATE AND AN 7 APPROPRIATE PUBLIC PURPOSE TO PROVIDE FOR THE DEVELOPMENT AND SUPPORT OF 8 ARTS AND CULTURAL INSTITUTIONS AND THE PRESERVATION OF CULTURAL HERIT- 9 AGE, INCLUDING THE DEVELOPMENT AND SUPPORT OF ANCILLARY ORGANIZATIONS 10 AND INFRASTRUCTURE AS MAY BE REQUIRED OR DESIRABLE FOR SUCH PURPOSE, AND 11 THE CREATION OF JOBS AND THE ENCOURAGEMENT OF ECONOMIC DEVELOPMENT. 12 S 6.02. LEGISLATIVE INTENT. THE LEGISLATURE HEREBY FINDS, DETERMINES 13 AND DECLARES THAT ARTS AND CULTURAL INSTITUTIONS IN NEW YORK NOT ONLY 14 PROVIDE EDUCATIONAL, CULTURAL, AND SPIRITUAL OPPORTUNITIES AND PRESERVA- 15 TION OF HERITAGE TO THE PEOPLE OF THIS STATE, BUT ALSO CONTRIBUTE TO THE 16 ECONOMY, PROSPERITY, OPPORTUNITY, EDUCATION, AND QUALITY OF LIFE OF ALL 17 RESIDENTS OF NEW YORK; AND THAT THE IMPORTANT PUBLIC PURPOSE SERVED BY 18 SUCH INSTITUTIONS HAS BEEN RECOGNIZED BY THE STATE AND LOCAL GOVERN- 19 MENTS, WHICH HAVE APPROPRIATED AND EXPENDED SUBSTANTIAL FUNDS FOR AND 20 OTHERWISE SUPPORTED AND ASSISTED SUCH INSTITUTIONS; AND THAT IT IS IN 21 EVERY WAY AN APPROPRIATE PUBLIC POLICY AND FULLY IN THE INTERESTS OF THE 22 PEOPLE OF THE STATE TO TAKE STEPS AS MAY BE NECESSARY TO FURTHER 23 PRESERVE AND ENHANCE THE CONTRIBUTIONS OF SUCH ARTS AND CULTURAL INSTI- 24 TUTIONS IN NEW YORK. 25 THE LEGISLATURE FINDS THAT THREE DECADES OF REPUTABLE STUDIES HAVE 26 SHOWN THAT THE DEVELOPMENT AND OPERATIONS OF ARTS AND CULTURAL INSTI- 27 TUTIONS ARE AN IMPORTANT ECONOMIC DEVELOPMENT TOOL, LEADING TO OR 28 CONTRIBUTING TO THE EXISTENCE AND GROWTH WITHIN THE STATE AND WITHIN THE 29 REGIONS AND NEIGHBORHOODS IN WHICH THEY ARE LOCATED OF ADDITIONAL 30 RELATED AND ANCILLARY INDUSTRIES AND ENTERPRISES, GENERATING SUBSTANTIAL 31 EMPLOYMENT, IMPROVING PROPERTY VALUES, PRODUCING SIGNIFICANT TAX AND 32 OTHER REVENUES DIRECTLY AND INDIRECTLY IN AND FOR THE STATE AND LOCAL 33 GOVERNMENT, AND OTHERWISE VITALLY CONTRIBUTING TO THE ECONOMY AND TAX 34 BASE OF THE STATE. 35 THE LEGISLATURE FINDS AND DECLARES THAT AN IMPORTANT PUBLIC PURPOSE IS 36 SERVED AND THE INTERESTS OF THE PEOPLE OF THE STATE ARE PROMOTED BY A 37 POLICY THAT SUPPORTS THE CULTURAL AND EDUCATIONAL MISSION OF ARTS AND 38 CULTURAL INSTITUTIONS WHILE ENHANCING THE ECONOMIC, JOB-CREATING POTEN- 39 TIAL OF SUCH INSTITUTIONS IN A SYSTEMATIC AND APPROPRIATE MANNER; AND 40 FURTHER DECLARES THAT SUCH A POLICY MUST AT A MINIMUM RECOGNIZE THE 41 NEEDS OF SUCH INSTITUTIONS FOR SPACE AND FACILITIES (INCLUDING EQUIP- 42 MENT, FURNISHINGS, AND INSTALLATIONS) TO ASSURE THEIR CONTINUED EXIST- 43 ENCE, PROPER OPERATION, AND GROWTH; ALLOW PRESERVATION AND EXPANSION OF 44 THE COLLECTIONS, ENDOWMENTS AND OTHER CAPITAL ASSETS OF SUCH INSTI- 45 TUTIONS; AND BE IMPLEMENTED IN A MANNER THAT HAS A POSITIVE EFFECT ON 46 THE ECONOMY, AND ON THE TAX BASE OF THE STATE AND ITS LOCALITIES; AND 47 PROVIDES FOR AND ENCOURAGES THE FLOW-THROUGH OF BENEFITS TO SURROUNDING 48 NEIGHBORHOODS AND REGIONS BY STIMULATING FURTHER SPIN-OFF DEVELOPMENT 49 AND DIRECT INVESTMENT IN SUCH AREAS, IN SUCH FORMS AS DEVELOPMENT OF 50 HOUSING, COMMERCIAL AND RELATED FACILITIES AND DEVELOPMENT COMPATIBLE 51 WITH AND COMPLEMENTARY TO SUCH INSTITUTIONS, NEIGHBORHOODS, AND REGIONS. 52 THE LEGISLATURE THEREFORE FINDS, DETERMINES AND DECLARES THAT A PUBLIC 53 PURPOSE WILL BE SERVED AND THE INTERESTS OF THE PEOPLE OF THE STATE 54 PROMOTED BY THE CREATION PURSUANT TO THIS ARTICLE OF CULTURAL DEVELOP- 55 MENT AREAS, TO PROVIDE FOR THE DEVELOPMENT, MAINTENANCE, AND SUPPORT OF 56 ARTS AND CULTURAL INSTITUTIONS AND TO ENHANCE THE ECONOMIC, JOB-CREATING A. 3563 3 1 POTENTIAL OF SUCH INSTITUTIONS IN A SYSTEMATIC AND APPROPRIATE MANNER IN 2 ACCORDANCE WITH THIS ARTICLE, WHICH INCLUDE THE GRANT OF THE POWERS, 3 RIGHTS AND DUTIES PROVIDED HEREIN AND INCLUDING THE DELEGATION OF PART 4 OF THE SOVEREIGN POWER OF THE STATE; AND THAT THE CREATION OF THIS 5 PROGRAM, THE EXERCISE OF SUCH POWERS AND RIGHTS, THE PERFORMANCE OF SUCH 6 DUTIES, AND THE CARRYING OUT OF THE PURPOSES OF THE PROGRAM ARE IN ALL 7 RESPECTS FOR THE BENEFIT OF THE PEOPLE OF THE STATE AND ARE AND WILL 8 SERVE A PUBLIC PURPOSE AND WILL BE AN ESSENTIAL PUBLIC AND GOVERNMENTAL 9 FUNCTION. 10 S 6.03. DEFINITIONS. AS USED IN THIS ARTICLE: 11 1. "APPLICANT" IS THE LOCAL GOVERNMENT IN PARTNERSHIP WITH ONE OR MORE 12 ARTS CORPORATIONS WHICH HAS DESIGNATED A CULTURAL DEVELOPMENT AREA 13 PURSUANT TO LOCAL LAW, AS REQUIRED IN THIS ARTICLE, AND WHICH HAS 14 SUBMITTED THE DESIGNATION TO THE COMMISSIONER FOR APPROVAL. 15 2. "ANCILLARY BUSINESSES AND SERVICES" MEANS AND INCLUDES REHEARSAL 16 SPACE, PARKING, PARKS OR OTHER GREEN SPACE, RESTAURANT, BOUTIQUE, LIGHT 17 COMMERCIAL, OFFICE, HOUSING, WAREHOUSING, HOTEL OR MOTEL, OR ANY OTHER 18 BUSINESS OR SERVICE SHOWN IN THE APPLICANT'S DEVELOPMENT PLAN TO BE 19 DIRECTLY RELATED TO, BENEFITED BY, OR CAPABLE OF ENHANCING THE CONTINUA- 20 TION OR ENHANCEMENT OF ONE OR MORE ARTS CORPORATIONS WITHIN THE CULTURAL 21 DEVELOPMENT AREA, AND WHICH WILL THEREFORE ADD TO THE CAPACITY OF SUCH 22 CULTURAL DEVELOPMENT AREA TO PROVIDE A POSITIVE IMPACT IN THE FORM OF 23 DIRECT, INDIRECT, AND INDUCED REVENUES TO THE LOCAL ECONOMY, SHORT-TERM 24 AND LONG-TERM JOB CREATION, AND TO STATE AND LOCAL TAX REVENUES. 25 3. "CULTURAL DEVELOPMENT AREA" OR "CDA" IS AN AREA DESIGNATED AS A 26 CULTURAL DEVELOPMENT AREA PURSUANT TO THIS ARTICLE. 27 4. "ARTS CORPORATION" MEANS A CORPORATION WHICH HAS RECEIVED A 28 PROGRAM, OPERATING, OR OTHER GRANT FROM THE NEW YORK STATE COUNCIL FOR 29 THE ARTS IN THREE OF THE PRIOR FIVE YEARS, OR A CORPORATION CERTIFIED AS 30 AN ARTS CORPORATION BY THE LOCAL AREA ADMINISTRATOR AND THE CHAIRPERSON 31 OF THE NEW YORK STATE COUNCIL ON THE ARTS BECAUSE A MAJORITY OF ITS 32 ACTIVITIES ARE OR ARE PROPOSED TO BE ARTISTIC OR CULTURAL, WHICH TERMS 33 SHALL BE INTERPRETED AS BROADLY INCLUSIVE BY THE AREA ADMINISTRATOR AND 34 THE CHAIRPERSON. IN ADDITION, AND ANY OTHER PROVISION OF ANY OTHER LAW 35 TO THE CONTRARY, NOTHING HEREIN SHALL BE DEEMED TO PREVENT A CORPORATION 36 WHICH PROVIDES GALLERY OR EXHIBITION SPACE, ARTIST STUDIO SPACE, ARTIST 37 HOUSING AT BELOW MARKET RENT RATES, SPACE FOR PUBLIC ART PROJECTS AND 38 THEIR CONSTRUCTION, MUSIC RECORDING STUDIOS, FILM, VIDEO, CLASSROOM AND 39 STUDIO SPACE FOR ELEMENTARY, SECONDARY OR HIGHER EDUCATION INSTITUTIONS, 40 OR OTHER FACILITIES WHOSE PURPOSE IS TO EXPOSE THE PUBLIC TO, AND 41 ENCOURAGE THEIR PARTICIPATION IN THE ARTS, FROM QUALIFYING AS AN ARTS 42 CORPORATION. 43 5. "CHIEF EXECUTIVE" IS A COUNTY EXECUTIVE OR MANAGER OF A COUNTY, OR 44 IN A COUNTY NOT HAVING A COUNTY EXECUTIVE OR MANAGER, THE CHAIRPERSON OR 45 PRESIDING OFFICER OF THE COUNTY LEGISLATIVE BODY. IN THE CASE OF A CITY, 46 VILLAGE, OR TOWN, IT IS THE MAYOR OF A CITY OR VILLAGE, EXCEPT WHERE A 47 CITY OR VILLAGE HAS A MANAGER, IT SHALL MEAN SUCH A MANAGER, OR A SUPER- 48 VISOR OF A TOWN, EXCEPT WHERE A TOWN HAS A MANAGER, IN WHICH CASE IT 49 SHALL MEAN SUCH MANAGER. 50 6. "CHAIRPERSON" IS THE CHAIRPERSON OF THE NEW YORK STATE COUNCIL ON 51 THE ARTS. 52 7. "COMMISSIONER" IS THE COMMISSIONER OF THE DEPARTMENT OF ECONOMIC 53 DEVELOPMENT FOR THE STATE OF NEW YORK. 54 8. "DEPARTMENT" IS THE DEPARTMENT OF ECONOMIC DEVELOPMENT FOR THE 55 STATE OF NEW YORK. A. 3563 4 1 9. "CONSTRUCTION" MEANS THE ERECTION, BUILDING, ACQUISITION, ALTER- 2 ATION, RECONSTRUCTION, REHABILITATION, IMPROVEMENT, ENLARGEMENT OR 3 EXTENSION OF A CULTURAL FACILITY, INCLUDING ALL OR ANY PORTION OF 4 INFRASTRUCTURE AND FACILITIES RELATED THERETO, ANY AND ALL RECREATIONAL, 5 EDUCATIONAL, CULTURAL, OFFICE, LIVING, REHEARSAL, PARKING, RESTAURANT, 6 RETAIL, STORAGE AND OTHER FACILITIES NECESSARY OR DESIRABLE IN 7 CONNECTION WITH THE CULTURAL FACILITY; AND THE ENGINEERING, ARCHITEC- 8 TURAL, LEGAL, FISCAL AND ECONOMIC INVESTIGATIONS, STUDIES, SURVEYS, 9 DESIGNS, PLANS, DRAWINGS, SPECIFICATIONS, PROCEDURES, AND OTHER ACTIONS. 10 10. "CULTURAL FACILITY" MEANS ANY STRUCTURE, IMPROVEMENT, FURNISHING, 11 EQUIPMENT OR OTHER REAL OR PERSONAL PROPERTY THAT IS OR IS TO BE USED, 12 OWNED, OR OCCUPIED IN WHOLE OR IN PART, BUT IN NO CASE LESS THAN TWEN- 13 TY-FIVE PERCENT, BY AN ARTS CORPORATION, AS WELL AS ANY AND ALL RECRE- 14 ATIONAL, EDUCATIONAL, CULTURAL, OFFICE, LIVING, REHEARSAL, PARKING, 15 RESTAURANT, RETAIL, STORAGE AND OTHER FACILITIES NECESSARY OR DESIRABLE 16 IN CONNECTION WITH THE ACTIVITIES OF THE ARTS CORPORATION. 17 11. "CULTURAL FACILITY PROJECT" MEANS A PROJECT FOR THE CONSTRUCTION 18 OF A CULTURAL FACILITY. 19 12. "PERSON" MEANS ANY PERSON, INCLUDING INDIVIDUALS, FIRMS, PARTNER- 20 SHIPS, ASSOCIATIONS, PUBLIC UTILITIES, OR AUTHORITIES ORGANIZED OR 21 EXISTING UNDER THE LAWS OF THE STATE OR ANY OTHER STATE, EXCLUSIVE OF A 22 STATE AGENCY. 23 13. "REAL PROPERTY" MEANS LANDS, STRUCTURES, FRANCHISES AND INTERESTS 24 IN LAND, WATERS, LANDS UNDER WATER, RIPARIAN RIGHTS AND AIR-RIGHTS AND 25 ANY AND ALL THINGS AND RIGHTS INCLUDED WITHIN SAID TERM AND INCLUDES NOT 26 ONLY FEES SIMPLE ABSOLUTE BUT ALSO ANY AND ALL LESSER INTERESTS INCLUD- 27 ING BUT NOT LIMITED TO EASEMENTS, RIGHTS OF WAY, USES, LEASES, LICENSES 28 AND ALL OTHER INCORPOREAL HEREDITAMENTS AND EVERY ESTATE, INTEREST OR 29 RIGHT, LEGAL OR EQUITABLE, INCLUDING TERMS FOR YEARS AND LIENS THEREON 30 BY WAY OF JUDGMENTS, MORTGAGES OR OTHERWISE. 31 14. "COMMUNITY CULTURAL DEVELOPMENT PROJECTS" ARE PROJECTS SPONSORED 32 BY NOT-FOR-PROFIT ORGANIZATIONS WHICH HAVE BEEN APPROVED BY THE AREA 33 BOARD, WHICH WILL ADVANCE THE AREA DEVELOPMENT PLAN. FOR PURPOSES 34 DESCRIBED IN SUBDIVISION TWENTY OF SECTION TWO HUNDRED TEN, SUBSECTION 35 (L) OF SECTION SIX HUNDRED SIX, SUBSECTION (D) OF SECTION FOURTEEN 36 HUNDRED FIFTY-SIX AND SUBDIVISION (H) OF SECTION FIFTEEN HUNDRED ELEVEN 37 OF THE TAX LAW, SUCH PROJECTS SHALL BE LIMITED TO PROGRAMS SERVING AREA 38 RESIDENTS AND BUSINESSES; COMMUNITY DEVELOPMENT PROJECTS IN DIRECT 39 SUPPORT OF ECONOMIC DEVELOPMENT AND BUSINESS REVITALIZATION ACTIVITIES, 40 SUCH AS COMMERCIAL REVITALIZATION PROJECTS; AND BUSINESS DEVELOPMENT 41 ACTIVITIES OF LOCAL DEVELOPMENT CORPORATIONS. 42 15. "HUMAN RESOURCE DEVELOPMENT" IS JOB PREPARATION AND PLACEMENT, 43 SKILLS TRAINING AND EDUCATION FOR AREA RESIDENTS AND EMPLOYEES OF AREA 44 BUSINESSES, CHILD AND FAMILY CARE SERVICES AND FACILITIES, AND ACTIV- 45 ITIES TO IMPROVE THE HEALTH BENEFITS AND OTHER BENEFITS PROVIDED BY AREA 46 BUSINESSES TO THEIR EMPLOYEES. 47 16. "LOCAL CULTURAL DEVELOPMENT AREA ADMINISTRATIVE BOARD" IS THE 48 ENTITY DESIGNATED BY THE APPLICANT THAT IS RESPONSIBLE FOR MONITORING, 49 EVALUATING AND COORDINATING ALL CDA BENEFITS ON BEHALF OF THE APPLICANT. 50 SUCH ENTITY SHALL CONSIST OF AT LEAST SIX MEMBERS, NONE OF WHOM SHALL BE 51 THE CDA CERTIFICATION OFFICER, AND SHALL BE REPRESENTATIVE OF LOCAL 52 BUSINESSES, ORGANIZED LABOR, COMMUNITY ORGANIZATIONS, FINANCIAL INSTI- 53 TUTIONS, LOCAL EDUCATIONAL INSTITUTIONS AND RESIDENTS OF THE CDA. 54 17. "LOCAL CULTURAL DEVELOPMENT AREA CERTIFICATION OFFICER" IS THE 55 OFFICIAL DESIGNATED BY THE APPLICANT WHO IS RESPONSIBLE FOR JOINTLY 56 CERTIFYING AND DECERTIFYING TOGETHER WITH THE COMMISSIONER OR, AS APPRO- A. 3563 5 1 PRIATE, THE CHAIRPERSON, THOSE ARTS CORPORATIONS AND SERVICES ELIGIBLE 2 TO RECEIVE BENEFITS PURSUANT TO THIS ARTICLE. 3 18. "LOCAL GOVERNMENT" IS A COUNTY, EXCEPT IN THE CASE OF A COUNTY 4 WHOLLY CONTAINED WITHIN A CITY IN WHICH CASE IT IS THE CITY. 5 19. "LOCALLY OWNED BUSINESS ENTERPRISE" IS A BUSINESS FIRM IN WHICH 6 THE TOTAL OWNERSHIP INTEREST HELD BY INDIVIDUALS WHO ARE FULL TIME BONA 7 FIDE RESIDENTS OF THE CDA IS MORE THAN EIGHTY PERCENT, WHOSE BUSINESS 8 ACTIVITIES ARE CONDUCTED IN A MANNER WHEREBY AT LEAST FIFTY PERCENT OF 9 THE ASSETS OF SUCH FIRM ARE LOCATED AND UTILIZED IN SUCH AREA, AND AT 10 LEAST FORTY PERCENT OF SUCH FIRM'S EMPLOYEES ARE PRINCIPALLY EMPLOYED IN 11 SUCH AREA; PROVIDED HOWEVER, FOR BUSINESS FIRMS LOCATED WITHIN AREAS 12 DESIGNATED IN A CITY SUCH INDIVIDUALS SHALL RESIDE WITHIN A COMMUNITY 13 PLANNING BOARD OR WITHIN TRADITIONAL NEIGHBORHOOD BOUNDARIES AND 14 PROVIDED FURTHER HOWEVER FOR BUSINESS FIRMS LOCATED WITHIN AREAS OUTSIDE 15 OF A CITY SUCH INDIVIDUALS MAY RESIDE IN THE COUNTY IN WHICH THE AREA IS 16 DESIGNATED. 17 20. "MINORITY GROUP MEMBER" IS A UNITED STATES CITIZEN OR PERMANENT 18 RESIDENT ALIEN WHO IS AND CAN DEMONSTRATE MEMBERSHIP IN ONE OF THE 19 FOLLOWING GROUPS: BLACK PERSONS HAVING ORIGINS IN ANY OF THE BLACK AFRI- 20 CAN RACIAL GROUPS; HISPANIC PERSONS OF MEXICAN, PUERTO RICAN, DOMINICAN, 21 CUBAN, CENTRAL OR SOUTH AMERICAN OF EITHER INDIAN OR HISPANIC ORIGIN, 22 REGARDLESS OF RACE; NATIVE AMERICAN OR ALASKAN NATIVE PERSONS HAVING 23 ORIGINS IN ANY OF THE ORIGINAL PEOPLES OF NORTH AMERICA; AND ASIAN AND 24 PACIFIC ISLANDER PERSONS HAVING ORIGINS IN ANY OF THE FAR EAST COUN- 25 TRIES, SOUTHEAST ASIA, THE INDIAN SUBCONTINENT OR THE PACIFIC ISLANDS. 26 21. "MINORITY-OWNED BUSINESS ENTERPRISE" IS AN INDEPENDENTLY OWNED AND 27 OPERATED SOLE PROPRIETORSHIP, PARTNERSHIP, CORPORATION, OR OTHER BUSI- 28 NESS ENTERPRISE AUTHORIZED TO DO BUSINESS IN THIS STATE WHICH IS AT 29 LEAST FIFTY-ONE PERCENT OWNED BY ONE OR MORE MINORITY GROUP MEMBERS, AND 30 SUCH MINORITY OWNERSHIP IS REAL, SUBSTANTIAL AND CONTINUING, AND SUCH 31 MINORITY OWNERSHIP HAS AND EXERCISES THE AUTHORITY TO CONTROL INDEPEND- 32 ENTLY THE DAY-TO-DAY BUSINESS DECISIONS OF THE ENTERPRISE. 33 22. "SINGLE ENTERPRISE" IS TWO OR MORE RELATED BUSINESS ENTERPRISES 34 CHARACTERIZED BY AN ABSENCE OF ARM'S LENGTH RELATIONSHIPS FOUND AMONG 35 ENTERPRISES THAT ARE NOT INTEGRATED. FACTORS TO BE CONSIDERED, AMONG 36 OTHER THINGS, IN DETERMINING THE EXISTENCE OF A SINGLE ENTERPRISE ARE 37 INTERRELATION OF OPERATIONS, COMMON MANAGEMENT, CENTRALIZED CONTROL OF 38 LABOR RELATIONS, COMMON OWNERSHIP AND COMMON FINANCIAL CONTROL. 39 23. "TARGETED EMPLOYEE" IS A NEW YORK RESIDENT WHO RECEIVES CDA WAGES 40 AND WHO IS (A) AN ELIGIBLE INDIVIDUAL UNDER THE PROVISION OF THE TARGET- 41 ED JOBS TAX CREDIT (SECTION FIFTY-ONE OF THE INTERNAL REVENUE CODE), (B) 42 ELIGIBLE FOR BENEFITS UNDER THE PROVISIONS OF THE JOB TRAINING PARTNER- 43 SHIP ACT (P.L. 97-300, AS AMENDED), (C) A RECIPIENT OF PUBLIC ASSISTANCE 44 BENEFITS, OR (D) AN INDIVIDUAL WHOSE INCOME IS BELOW THE MOST RECENTLY 45 ESTABLISHED POVERTY RATE PROMULGATED BY THE UNITED STATES DEPARTMENT OF 46 COMMERCE, OR A MEMBER OF A FAMILY WHOSE FAMILY INCOME IS BELOW THE MOST 47 RECENTLY ESTABLISHED POVERTY RATE PROMULGATED BY THE APPROPRIATE FEDERAL 48 AGENCY. AN INDIVIDUAL WHO SATISFIES THE CRITERIA SET FORTH IN PARAGRAPH 49 (A), (B) OR (D) OF THIS SUBDIVISION AT THE TIME OF INITIAL EMPLOYMENT IN 50 THE JOB WITH RESPECT TO WHICH THE CREDIT IS CLAIMED, OR WHO SATISFIES 51 THE CRITERION SET FORTH IN PARAGRAPH (C) OF THIS SUBDIVISION AT SUCH 52 TIME OR AT ANY TIME WITHIN THE PREVIOUS TWO YEARS, SHALL BE A TARGETED 53 EMPLOYEE SO LONG AS SUCH INDIVIDUAL CONTINUES TO RECEIVE CDA WAGES. 54 24. "WOMEN-OWNED BUSINESS ENTERPRISE" IS AN INDEPENDENTLY OWNED AND 55 OPERATED SOLE PROPRIETORSHIP, PARTNERSHIP, CORPORATION, OR OTHER BUSI- 56 NESS ENTERPRISE AUTHORIZED TO DO BUSINESS IN THIS STATE WHICH IS AT A. 3563 6 1 LEAST FIFTY-ONE PERCENT OWNED BY ONE OR MORE UNITED STATES CITIZENS OR 2 PERMANENT RESIDENT ALIENS WHO ARE WOMEN, AND SUCH OWNERSHIP IS REAL, 3 SUBSTANTIAL AND CONTINUING, AND SUCH OWNERSHIP HAS AND EXERCISES THE 4 AUTHORITY TO CONTROL INDEPENDENTLY THE DAY-TO-DAY BUSINESS DECISIONS OF 5 THE ENTERPRISE. 6 25. "AREA ADMINISTRATIVE ENTITY" IS A COMMUNITY-BASED LOCAL DEVELOP- 7 MENT CORPORATION OR ENTITY CONTRACTING WITH THE LOCAL CDA BOARD OR THE 8 MUNICIPALITY IN WHICH THE AREA IS LOCATED IN THOSE INSTANCES WHERE THE 9 MUNICIPALITY ACTIVELY PARTICIPATES IN THE LOCAL ADMINISTRATION OF THE 10 AREA PROGRAM. 11 S 6.04. DESIGNATION OF CULTURAL DEVELOPMENT AREA. THERE SHALL BE A 12 TOTAL OF NO FEWER THAN TWO BUT NO MORE THAN FOUR CULTURAL DEVELOPMENT 13 AREAS IN NEW YORK, LOCATED IN AND DESIGNATED BY THE GOVERNING BODY OF 14 ANY COUNTY. ON THE NEXT JANUARY FIRST SUCCEEDING THE EFFECTIVE DATE OF 15 THIS ARTICLE, EVERY COUNTY, CITY, TOWN OR VILLAGE ACTING ON RECOMMENDA- 16 TION OF ITS CHIEF EXECUTIVE, MAY DESIGNATE A CULTURAL DEVELOPMENT AREA. 17 SUCH DESIGNATION SHALL MEET THE CRITERIA AND PROCESS ESTABLISHED IN THIS 18 ARTICLE FOR DESIGNATION OF A CULTURAL DEVELOPMENT AREA, INCLUDING THE 19 PASSAGE OF A LOCAL LAW, BUT SHALL NOT BE EFFECTIVE UNTIL AFTER APPROVAL 20 IN WRITING BY THE COMMISSIONER. SUBMISSION TO THE COMMISSIONER FOR 21 APPROVAL MAY OCCUR AT ANY TIME PRIOR TO OR AFTER SUCH JANUARY FIRST 22 DATE, AND THE CULTURAL DEVELOPMENT AREA SHALL BECOME EFFECTIVE ON THE 23 PRIOR OR NEXT SUCCEEDING JANUARY FIRST NEAREST THE DATE OF SUCH WRITTEN 24 APPROVAL. 25 S 6.05. CRITERIA FOR CULTURAL DEVELOPMENT AREA DESIGNATION. 1. IN 26 DESIGNATING AN AREA AS A CULTURAL DEVELOPMENT AREA, A LOCAL GOVERNMENT 27 SHALL ADOPT A PLAN WHICH DEMONSTRATES HOW AN AREA MEETS THE CRITERIA 28 ESTABLISHED IN THIS ARTICLE FOR SUCH DESIGNATION, AND PROVIDES SUCH 29 OTHER DEMONSTRATIONS AS ARE REQUIRED BY THIS ARTICLE. SUCH PLAN SHALL BE 30 INCLUDED IN THE LOCAL LAW DESIGNATING A CULTURAL DEVELOPMENT AREA. 31 2. TO BE DESIGNATED AS A CULTURAL DEVELOPMENT AREA BY A LOCAL GOVERN- 32 MENT AN AREA: 33 (A) MUST BE CHARACTERIZED BY THE EXISTENCE OF ONE OR MORE ARTS CORPO- 34 RATIONS. SOLELY FOR THE PURPOSES OF AN APPLICATION, IT SHALL BE SUFFI- 35 CIENT FOR THE CHIEF EXECUTIVE OF THE LOCAL GOVERNMENT IN WHICH SUCH CDA 36 IS PROPOSED TO BE LOCATED TO CERTIFY ONE OR MORE ENTITIES AS AN ARTS 37 CORPORATION, OR TO CERTIFY THAT THE PROPOSED CDA WILL CONTAIN ONE OR 38 MORE ARTS CORPORATIONS WITHIN A YEAR OF ITS DESIGNATION; 39 (B) SHALL NOT EXCEED TWO SQUARE MILES, AND SHALL BE DEFINED BY ONE OR 40 MORE BORDERS AS DETERMINED BY THE APPLICANT, WHICH, WHERE APPROPRIATE, 41 SHALL INCLUDE MAJOR NATURAL OR MAN-MADE PHYSICAL BOUNDARIES, SUCH AS 42 BODIES OF WATER, RAILROAD LINES, OR LIMITED ACCESS HIGHWAYS. SUCH 43 BORDERS MUST BE CONTIGUOUS; 44 (C) SHALL INCLUDE AT LEAST TWENTY-FIVE PERCENT OF THE TOTAL LAND 45 AND/OR THE TOTAL SQUARE FOOTAGE OF FACILITIES AS VACANT, ABANDONED, OR 46 OTHERWISE AVAILABLE FOR COMMERCIAL DEVELOPMENT OR REDEVELOPMENT, OR 47 DEVELOPMENT OR REDEVELOPMENT OF APPROPRIATE ANCILLARY BUSINESSES AND 48 SERVICES. 49 LANDS NEARBY OR CONTIGUOUS TO CENSUS TRACTS OR BLOCK NUMBERING AREAS 50 DESCRIBED IN THIS SUBDIVISION MAY BE INCLUDED WITHIN A CULTURAL DEVELOP- 51 MENT AREA UPON APPROVAL BY THE COMMISSIONER IF THE APPLICANT SHALL 52 DEMONSTRATE TO THE COMMISSIONER'S SATISFACTION THAT SUCH ADDITIONAL 53 LANDS HAVE SIGNIFICANT POTENTIAL FOR ARTS AND CULTURAL DEVELOPMENT AND 54 JOB CREATION, WHICH WILL ENHANCE ECONOMIC REVITALIZATION OF THE AREA AND 55 BENEFIT AREA RESIDENTS. A. 3563 7 1 3. THE PLAN SHALL DEMONSTRATE THAT THE CREATION OF A CULTURAL DEVELOP- 2 MENT AREA IS NECESSARY TO THE DEVELOPMENT, CONTINUATION, OR ENHANCEMENT 3 OF ONE OR MORE ARTS CORPORATIONS; OR NECESSARY TO THE PRESERVATION OF 4 CULTURAL HERITAGE; OR THE DEVELOPMENT, CONTINUATION, OR ENHANCEMENT OF 5 ARTS CORPORATIONS WITHIN SUCH AREA SHALL LEAD TO DEVELOPMENT WITHIN THE 6 AREA OF ADDITIONAL ARTS CORPORATIONS AND SERVICES, OR THE DEVELOPMENT OF 7 INFRASTRUCTURE THAT WILL STIMULATE THE DEVELOPMENT OF AN ARTS COMMUNITY 8 WITHIN THE CDA. ADDITIONALLY, THE PLAN SHALL DEMONSTRATE THAT THE DEVEL- 9 OPMENT, CONTINUATION, PRESERVATION, OR ENHANCEMENT OF ARTS AND CULTURAL 10 CORPORATIONS, CULTURAL FACILITIES, AND ANCILLARY BUSINESSES AND SERVICES 11 AS ENVISIONED THEREIN WILL HAVE A POSITIVE IMPACT IN THE FORM OF: 12 (A) DIRECT, INDIRECT, AND INDUCED REVENUES TO THE LOCAL ECONOMY, 13 INCLUDING SUBSTANTIAL PUBLIC AND PRIVATE COMMITMENTS TO A LONG-TERM 14 ECONOMIC REVITALIZATION PROGRAM FOR THE AREA; 15 (B) SHORT-TERM AND LONG-TERM JOB CREATION, INCLUDING THE POTENTIAL OF 16 THE AREA TO ATTRACT INVESTMENT THAT WILL PROVIDE EMPLOYMENT TO PERSONS 17 IN THE AREA WHO ARE UNEMPLOYED OR ECONOMICALLY DISADVANTAGED; PROVIDED, 18 HOWEVER, THAT MEASURES OF JOB CREATION SHALL BE ON A FULL-TIME EQUIV- 19 ALENCY BASIS; 20 (C) INCREASES IN PER CAPITA INCOME WITHIN THE AREA AND WITHIN THE 21 JURISDICTION OF THE LOCAL GOVERNMENT; 22 (D) RECLAMATION OF ABANDONED, UNUSED, OR UNDER-UTILIZED PROPERTY, 23 LAND, OR BUILDINGS; 24 (E) ENHANCEMENT OF STATE AND LOCAL TAX REVENUES; AND 25 (F) OTHER APPROPRIATE MEASURES OF INCREASED ECONOMIC ACTIVITY OR 26 CAPACITY THAT ARE CONSISTENT WITH THE SPIRIT AND INTENT OF THIS ARTICLE. 27 4. ADDITIONALLY, THE PLAN AND THE SUBMISSION TO THE COMMISSIONER FOR 28 APPROVAL OF THE AREA SHALL INCLUDE EVIDENCE OF PREVIOUS, CONCURRENT OR 29 PROPOSED ECONOMIC DEVELOPMENT INITIATIVES, WHICH WOULD EITHER SUPPLE- 30 MENT, OR BE ENHANCED BY, A CULTURE AREA; IDENTIFICATION OF SPECIFIC 31 INFRASTRUCTURE DEVELOPMENT, OR CAPITAL IMPROVEMENTS, AND THE INTENDED 32 USAGES THAT WILL BE SUPPORTED BY THE DESIGNATION OF THE AREA AS A CDA; 33 IDENTIFICATION OF ANY CAPITAL IMPROVEMENTS THAT MUST BE COMPLETED PRIOR 34 TO THE AVAILABILITY OF SUCH STRUCTURES FOR PUBLIC USE; AND A SPECIFIC 35 TIMELINE FOR THE COMPLETION OF SUCH PROJECTS, AND THE ANTICIPATED 36 OUTCOME OF CULTURE AREA DESIGNATION. THE APPLICANT SHALL DEMONSTRATE 37 LOCAL CAPACITY TO MANAGE SUCH A PROGRAM, DEMONSTRATE THE MANNER IN WHICH 38 THE OVERALL AREA PLAN ENUNCIATES THE NEEDS OF THE AREA AND SETS FORTH 39 PROPOSALS TO SOLVE THEM, AND THE MANNER IN WHICH PROGRESS IN IMPLEMENT- 40 ING THE AREA PLAN WILL BE ROUTINELY EVALUATED ON THE LOCAL LEVEL AND HOW 41 INFORMATION ESSENTIAL FOR PERIODIC EVALUATIONS WILL BE COMPILED. THE 42 PLAN SHALL FURTHER INCLUDE: 43 (A) A STATEMENT INDICATING HOW CDA DESIGNATION WOULD ASSIST IN THE 44 REVITALIZATION OF THE AREA IN WHICH SUCH AREA IS PROPOSED TO BE LOCATED; 45 (B) A DESCRIPTION OF THE METHOD BY WHICH INDUSTRIAL DEVELOPMENT AGEN- 46 CIES OR OTHER PUBLIC FINANCE AGENCIES SHALL GRANT A PREFERENCE FOR ALLO- 47 CATION OF PRIVATE ACTIVITY BONDING AUTHORITY FOR PROJECTS LOCATED IN THE 48 PROPOSED CDA; 49 (C) A DESCRIPTION OF PROPOSALS FOR INFRASTRUCTURE IMPROVEMENTS AND 50 INVESTMENTS AND A TIMETABLE FOR THEIR COMPLETION; 51 (D) A STATEMENT IDENTIFYING THOSE LOCAL TAX INCENTIVES PROPOSED TO BE 52 OFFERED WITHIN THE AREA; 53 (E) A DESCRIPTION OF A PROCEDURE TO EXPEDITE THE ISSUANCE OF ANY 54 REQUIRED LOCAL PERMITS OR LICENSES; 55 (F) A DESCRIPTION OF OTHER ACTIVITIES TO BE UNDERTAKEN BY MUNICIPAL 56 AGENCIES, BUSINESS ENTITIES, NOT-FOR-PROFIT CORPORATIONS, A. 3563 8 1 COMMUNITY-BASED ORGANIZATIONS OR ANY OTHER PERSONS, WHICH ARE DESIGNED 2 TO PROMOTE PRIVATE SECTOR INVESTMENT AND JOB DEVELOPMENT IN THE CDA AND 3 A DESCRIPTION OF THE JOB TRAINING OR JOB PLACEMENT SERVICES TO BE MADE 4 AVAILABLE TO CDA RESIDENTS IN NEED OF SUCH TRAINING OR SERVICES; 5 (G) AN INVENTORY OF REAL PROPERTY LOCATED WITHIN THE PROPOSED CDA THAT 6 IS OWNED BY A MUNICIPALITY OR THE STATE AND IS CURRENTLY UNUSED BY THE 7 MUNICIPALITY OR THE STATE; 8 (H) A DESCRIPTION OF THE BUSINESS DEVELOPMENT PROGRAMS AND SERVICES TO 9 BE AVAILABLE TO STIMULATE THE CREATION OF NEW SMALL BUSINESSES, INCLUD- 10 ING NEW SMALL MINORITY AND WOMEN OWNED BUSINESS ENTERPRISES; 11 (I) A DESCRIPTION OF EFFORTS THAT WILL BE UNDERTAKEN TO PREVENT OR 12 DISCOURAGE THE DISPLACEMENT OF RESIDENTS OF THE PROPOSED CDA; 13 (J) A DESCRIPTION OF ACTIVITIES DESIGNED TO ENSURE THE MEANINGFUL 14 PARTICIPATION OF MINORITY-OWNED AND WOMEN-OWNED BUSINESS ENTERPRISES IN 15 CDA DEVELOPMENT ACTIVITIES; 16 (K) A DESCRIPTION OF PROVISIONS FOR THE PARTICIPATION OF NOT-FOR-PRO- 17 FIT CULTURAL AND BUSINESS CORPORATIONS IN THE DEVELOPMENT OF THE PLAN 18 AND IN STRATEGIES FOR IMPLEMENTATION OF THE PLAN; 19 (L) A DESCRIPTION OF THE MARKETING STRATEGY TO BE EMPLOYED BY THE 20 APPLICANT TO PROMOTE DEVELOPMENT IN THE AREA AND THE RESOURCES TO BE 21 COMMITTED BY THE APPLICANT AND OTHER ORGANIZATIONS TO THE IMPLEMENTATION 22 OF SUCH STRATEGY; 23 (M) A DESCRIPTION OF THE METHOD BY WHICH THE APPLICANT WILL EVALUATE 24 THE SUCCESS OF ANY ACTIVITIES TO BE UNDERTAKEN IN THE PROPOSED CDA, 25 PROVIDED, HOWEVER, THAT THE APPLICANT SHALL TAKE INTO CONSIDERATION THE 26 FACTORS UPON WHICH THE SELECTION OF THE AREA WAS BASED IN ANY EVALU- 27 ATION; 28 (N) A DESCRIPTION OF PROVISIONS FOR PARTICIPATION AND ALLOCATION OF 29 FUNDS BY THE AFFECTED SERVICE DELIVERY AREA PRIVATE INDUSTRY COUNCIL AND 30 ADMINISTRATIVE ENTITY ESTABLISHED PURSUANT TO THE JOB TRAINING PARTNER- 31 SHIP ACT (P.L. 97-300, AS AMENDED) TO PROVIDE JOB TRAINING IN THE AREA; 32 (O) A STATEMENT OF THE REASONS WHY THE PARTICULAR GEOGRAPHIC CONFIG- 33 URATION OF THE AREA WAS SELECTED; 34 (P) A DESCRIPTION OF THE STRUCTURE AND DUTIES OF THE LOCAL AREA ADMIN- 35 ISTRATIVE BOARD TO BE ESTABLISHED WITHIN EACH CDA AS PROVIDED IN THIS 36 ARTICLE; 37 (Q) A DESCRIPTION OF THE SPECIAL PROGRAMS TO BE OPERATED BY EDUCA- 38 TIONAL INSTITUTIONS AND OTHER TRAINING ENTITIES IN THE AREA TO PREPARE 39 AND TRAIN AREA RESIDENTS FOR EMPLOYMENT BY BUSINESSES LOCATED WITHIN AND 40 OUTSIDE THE AREA; 41 (R) A STATEMENT FROM THE APPROPRIATE REGIONAL ECONOMIC DEVELOPMENT 42 COUNCIL SETTING FORTH THE SPECIFIC RESOURCES TO BE ALLOCATED FOR BUSI- 43 NESS DEVELOPMENT IN THE AREA; 44 (S) A DESCRIPTION OF FACILITIES FOR LICENSED AND CERTIFIED CHILD DAY 45 CARE FOR THE CHILDREN OF PERSONS ENGAGED IN TRAINING FOR EMPLOYMENT IN, 46 OR EMPLOYED IN, THE AREA; 47 (T) A DESCRIPTION OF SPECIFIC STRATEGIES AND PRIORITIES FOR ECONOMIC 48 REVITALIZATION OF THE AREA AND OF INDICATORS TO BE USED TO MEASURE 49 PERFORMANCE AGAINST OBJECTIVES; 50 (U) A STATEMENT OF HUMAN RESOURCE DEVELOPMENT GOALS FOR THE CDA AND 51 SPECIFIC STRATEGIES FOR ACHIEVING THEM; 52 (V) A DESCRIPTION OF HOW THE APPLICANT WILL USE AREA DESIGNATION TO 53 COORDINATE ECONOMIC DEVELOPMENT PROGRAMS AND PROVIDERS AT THE LOCAL 54 LEVEL TO SERVICE THE AREA; 55 (W) A DESCRIPTION OF THE ORGANIZATIONAL ACTIONS TO BE TAKEN BY THE 56 LOCAL CDA ADMINISTRATIVE BOARD AND AREA ADMINISTRATIVE ENTITIES TO A. 3563 9 1 IMPLEMENT SPECIFIED BUSINESS, COMMUNITY AND HUMAN RESOURCE DEVELOPMENT 2 GOALS AND STRATEGIES; AND 3 (X) A DESCRIPTION OF THE FINANCIAL COMMITMENTS WHICH THE APPLICANT IS 4 PREPARED TO MAKE TO THE AREA, INCLUDING, BUT NOT LIMITED TO, SPECIFIC 5 COMMITMENTS FOR INFRASTRUCTURE IMPROVEMENTS. 6 S 6.06. DESIGNATION OF CULTURAL ASSETS. 1. THERE SHALL BE A TOTAL OF 7 ONE HUNDRED CULTURAL ASSETS DESIGNATED IN NEW YORK, LOCATED IN AND 8 DESIGNATED BY THE GOVERNING BODY OF ANY COUNTY, CITY, TOWN OR VILLAGE, 9 PROVIDED, HOWEVER, THAT NO CULTURAL ASSET MAY BE LOCATED WITHIN THE 10 BOUNDARIES OF ANY DESIGNATED CULTURAL DEVELOPMENT AREA. ON THE NEXT 11 JANUARY FIRST SUCCEEDING THE EFFECTIVE DATE OF THIS ARTICLE, EVERY COUN- 12 TY, CITY, TOWN OR VILLAGE ACTING ON RECOMMENDATION OF ITS CHIEF EXECU- 13 TIVE, MAY DESIGNATE A CULTURAL ASSET. SUCH DESIGNATION SHALL MEET THE 14 CRITERIA AND PROCESS ESTABLISHED IN THIS ARTICLE FOR DESIGNATION OF A 15 CULTURAL DEVELOPMENT AREA, INCLUDING THE PASSAGE OF A LOCAL LAW, BUT 16 SHALL NOT BE EFFECTIVE UNTIL AFTER APPROVAL IN WRITING BY THE COMMIS- 17 SIONER. SUBMISSION TO THE COMMISSIONER FOR APPROVAL MAY OCCUR AT ANY 18 TIME PRIOR TO OR AFTER SUCH JANUARY FIRST DATE, AND THE CULTURAL ASSET 19 SHALL BECOME EFFECTIVE ON THE PRIOR OR NEXT SUCCEEDING JANUARY FIRST 20 NEAREST THE DATE OF SUCH WRITTEN APPROVAL. 21 2. A CULTURAL ASSET MAY BE ANY SINGLE BUILDING OWNED IN WHOLE OR IN 22 PART BY AN ARTS CORPORATION THE PURPOSE FOR WHICH IS THE PRESENTATION OR 23 EXHIBITION OR CREATION OF ARTISTIC OR CULTURAL PERFORMANCES OR EXHIBITS 24 TO THE PUBLIC. 25 S 6.07. CRITERIA FOR DESIGNATION OF A CULTURAL ASSET. THE COMMISSIONER 26 SHALL ESTABLISH A SET OF CRITERIA FOR THE DESIGNATION OF A CULTURAL 27 ASSET CONSISTENT WITH THOSE CRITERIA ESTABLISHED IN SECTION 6.05 OF THIS 28 ARTICLE, PROVIDED THAT THE COMMISSIONER SHALL ADOPT THE PROVISIONS OF 29 THAT SECTION AS NECESSARY FOR THE DESIGNATION OF CULTURAL ASSETS. 30 S 6.08. RESPONSIBILITIES OF THE COMMISSIONER. THE COMMISSIONER SHALL: 31 1. AFTER CONSULTATION WITH THE DIRECTOR OF THE BUDGET, THE COMMISSION- 32 ER OF TAXATION AND FINANCE, AND THE CHAIRPERSON OF THE COUNCIL ON THE 33 ARTS, PROMULGATE REGULATIONS WHICH SHALL NOT EXCEED THE REQUIREMENTS 34 ESTABLISHED IN THIS ARTICLE, GOVERNING CRITERIA FOR ELIGIBILITY FOR 35 CULTURAL DEVELOPMENT AREA DESIGNATION, PROVIDED, HOWEVER, THAT SUCH 36 CRITERIA BE APPROVED BY THE DIRECTOR OF THE BUDGET; THE APPLICATION 37 PROCESS; AND THE CERTIFICATION OR, AS APPROPRIATE, THE ELIGIBILITY, OF 38 ARTS CORPORATIONS, CULTURAL FACILITIES, AND SERVICES FOR BENEFITS 39 REFERRED TO IN THIS ARTICLE. 40 2. PROMULGATE REGULATIONS, AFTER CONSULTATION WITH THE CHAIRPERSON OF 41 THE COUNCIL ON THE ARTS CONCERNING JOINT DECERTIFICATION BY THE COMMIS- 42 SIONER AND THE LOCAL AREA CERTIFICATION OFFICER SO AS TO REVOKE THE 43 CERTIFICATION OF ARTS CORPORATIONS FOR BENEFITS REFERRED TO IN THIS 44 ARTICLE UPON A FINDING THAT THE ARTS CORPORATION: 45 (A) MADE MATERIAL MISREPRESENTATIONS OF FACT ON ITS APPLICATION FOR 46 CERTIFICATION, OR FAILED TO DISCLOSE FACTS IN ITS APPLICATION FOR 47 CERTIFICATION THAT WOULD CONSTITUTE GROUNDS FOR NOT ISSUING A CERTIF- 48 ICATION; 49 (B) FAILED TO CONSTRUCT, EXPAND, REHABILITATE OR OPERATE ITS FACILITY 50 SUBSTANTIALLY IN ACCORDANCE WITH THE REPRESENTATIONS CONTAINED IN ITS 51 APPLICATION FOR CERTIFICATION; 52 (C) FAILED TO SUBMIT AN ANNUAL REPORT OR FAILED TO SUBMIT OTHER 53 REQUIRED INFORMATION TO THE LOCAL CERTIFICATION OFFICER WHEN DUE; OR 54 (D) COMMITTED SUBSTANTIAL VIOLATIONS OF LAWS FOR THE PROTECTION OF 55 WORKERS INCLUDING ALL FEDERAL, STATE AND LOCAL LABOR LAWS, RULES OR 56 REGULATIONS. A. 3563 10 1 SUCH REGULATIONS SHALL PROVIDE THAT WHENEVER ANY ARTS CORPORATION IS 2 DECERTIFIED THE DATE DETERMINED TO BE THE EARLIEST EVENT CONSTITUTING 3 GROUNDS FOR REVOKING CERTIFICATION SHALL BE THE EFFECTIVE DATE OF DECER- 4 TIFICATION, AND THE COMMISSIONER SHALL NOTIFY THE COMMISSIONER OF TAXA- 5 TION AND FINANCE THAT SUCH DECERTIFICATION HAS OCCURRED, AND SUCH 6 NOTIFICATION SHOULD INCLUDE THE EFFECTIVE DATE OF SUCH DECERTIFICATION 7 AND THE AREA TO WHICH SUCH DECERTIFICATION APPLIES. 8 3. RECEIVE AND REVIEW APPLICATIONS FOR DESIGNATION OF AREAS AS CDAS, 9 INCLUDING NEW APPLICATIONS TO REPLACE ANY PREVIOUSLY DESIGNATED AREA THE 10 DESIGNATION OF WHICH HAS BEEN TERMINATED OR WITHDRAWN. 11 4. FILE NOTICE OF THE DESIGNATION OR REDESIGNATION OF A CDA OR OF THE 12 REVISION OR TERMINATION OF SUCH DESIGNATION WITH THE APPLICANT, THE 13 DEPARTMENT OF TAXATION AND FINANCE, THE SECRETARY OF STATE, WITH THE 14 COUNTY, CITY, TOWN OR VILLAGE CLERK OF EACH COUNTY, CITY, TOWN, OR 15 VILLAGE, RESPECTIVELY, IN WHICH THE CDA IS LOCATED, WITH THE SCHOOL 16 DISTRICT GOVERNING BODY IN WHICH THE AREA IS LOCATED, WITH THE STATE 17 BOARD OF REAL PROPERTY SERVICES AND WITH OTHER STATE AND LOCAL ENTITIES. 18 SUCH NOTICE SHALL SPECIFY THE DATE SUCH ACTION WAS TAKEN AND SHALL 19 CONTAIN A DESCRIPTION SUFFICIENT TO IDENTIFY THE AREA, INCLUDING THE 20 NAMES OF THE ABUTTING STREETS, ROADS, HIGHWAYS, BODIES OF WATER, OR 21 OTHER IDENTIFYING PHYSICAL FEATURES. 22 5. REQUEST, AND SHALL RECEIVE FROM ANY DEPARTMENT, DIVISION, BOARD, 23 BUREAU, COMMISSION, AGENCY OR PUBLIC AUTHORITY OF THE STATE SUCH ASSIST- 24 ANCE AS MAY BE NECESSARY TO ESTABLISH A PROCEDURE WHEREBY APPLICATIONS 25 SUBMITTED BY ENTITIES LOCATED WITHIN A CDA REQUESTING FINANCIAL AND 26 OTHER ASSISTANCE PROVIDED BY STATE PROGRAMS, INCLUDING, BUT NOT LIMITED 27 TO, CAPITAL DEVELOPMENT, HUMAN RESOURCE DEVELOPMENT, BUSINESS ASSIST- 28 ANCE, JOB TRAINING AND JOB PLACEMENT, SHALL, CONSISTENT WITH FEDERAL 29 LAW, BE GIVEN PRIORITY OVER APPLICATIONS SUBMITTED BY ENTITIES NOT 30 LOCATED IN SUCH AREAS. 31 6. ESTABLISH A PRIORITY FOR THE ALLOCATION OF AUTHORITY TO ISSUE 32 PRIVATE ACTIVITY BONDS FOR THE BENEFIT OF MUNICIPALITIES AND ARTS CORPO- 33 RATIONS LOCATED OR TO BE LOCATED WITHIN CULTURAL DEVELOPMENT AREAS. 34 7. COORDINATE, WITH THE LOCAL AREA ADMINISTRATIVE BOARD AND STATE 35 AGENCIES AND AUTHORITIES, THE PROVISION OF DEVELOPMENT PROGRAMS AND 36 SERVICES FOR EACH AREA IN ORDER TO STIMULATE THE CREATION AND DEVELOP- 37 MENT OF NEW ARTS CORPORATIONS, CULTURAL FACILITIES, AND SERVICES, 38 INCLUDING NEW SMALL MINORITY-OWNED AND WOMEN-OWNED BUSINESS ENTERPRISES, 39 AND MAY REQUEST AND SHALL RECEIVE FROM ANY DEPARTMENT, DIVISION, BOARD, 40 BUREAU, COMMISSION, AGENCY OR PUBLIC AUTHORITY OF THE STATE SUCH ASSIST- 41 ANCE AS MAY BE NECESSARY. 42 8. COORDINATE WITH THE COMPTROLLER AND THE COMMISSIONER OF TAXATION 43 AND FINANCE A LINKED DEPOSIT PROGRAM. THE COMPTROLLER AND THE COMMIS- 44 SIONER OF TAXATION AND FINANCE ARE HEREBY AUTHORIZED AND EMPOWERED TO 45 ENTER INTO AGREEMENTS WITH FINANCIAL INSTITUTIONS LOCATED IN OR SERVING 46 THE CDAS, TO PROVIDE FOR THE DEPOSIT OF FUNDS ADMINISTERED JOINTLY BY 47 THEM IN SUCH INSTITUTIONS, AT REDUCED RATES OF RETURN TO THE STATE, IN 48 RETURN FOR COMMITMENTS BY SUCH INSTITUTIONS TO BUSINESSES OF LOANS OF 49 COMPARABLE AMOUNTS, AT REDUCED INTEREST RATES, FOR BUSINESS DEVELOPMENT 50 PROJECTS IN THE AREAS THAT WILL CREATE OR PRESERVE JOBS. 51 9. ASSIST EACH LOCAL CDA BOARD IN PREPARING A DEVELOPMENT PLAN AS 52 REQUIRED BY THIS ARTICLE AND COORDINATE WITH THE LOCAL AREA ADMINISTRA- 53 TIVE BOARD AND STATE AGENCIES AND AUTHORITIES THE DEVELOPMENT OF ARTS 54 CORPORATION AND CULTURAL FACILITIES PROCUREMENT, EXPORT, AND MARKETING 55 PROGRAMS. A. 3563 11 1 10. CONTRACT WITH A STATEWIDE ARTS GROUP WHICH HAS HAD EXPERIENCE IN 2 THE DEVELOPMENT OF CULTURAL DEVELOPMENT AREAS IN NEW YORK FOR PROGRAM 3 EVALUATION AND COORDINATE THE IMPLEMENTATION OF AN EVALUATION SYSTEM, 4 WHICH IS CAPABLE OF COMPILING AND ANALYZING ACCURATE AND CONSISTENT 5 INFORMATION NECESSARY FOR AN ASSESSMENT OF WHETHER STATUTORY OBJECTIVES 6 AND CRITERIA ARE BEING MET. 7 11. REVIEW PERFORMANCE OBJECTIVES AND PROGRESS IN MEETING OBJECTIVES 8 WITH CDA BOARDS AND AREA ADMINISTRATIVE ENTITIES AS PART OF THE ANNUAL 9 ADMINISTRATIVE CONTRACT PROCESS. 10 12. COORDINATE WITH THE DEPARTMENT OF LABOR, THE STATE EDUCATION 11 DEPARTMENT, THE JOB TRAINING PARTNERSHIP COUNCIL AND AGENCIES OF THE 12 STATE THE INCLUSION IN ANNUAL AND BIENNIAL PLANS OF SUCH ENTITIES' STRA- 13 TEGIES FOR INCREASING AND IMPROVING HUMAN RESOURCE DEVELOPMENT SERVICES 14 ON A PRIORITY BASIS, CONSISTENT WITH FEDERAL STATUTORY AND REGULATORY 15 REQUIREMENTS, TO RESIDENTS OF THE AREAS AND EMPLOYEES OF AREA BUSI- 16 NESSES, INCLUDING, BUT NOT LIMITED TO, THE GOVERNOR'S PLAN FOR COORDI- 17 NATION AND SPECIAL SERVICES OF THE JOB TRAINING PARTNERSHIP COUNCIL, THE 18 JOBS PLAN AND WAGNER-PEYSER ANNUAL PLAN FOR SERVICES OF THE DEPARTMENT 19 OF LABOR, AND THE CAREER EDUCATION STATE PLAN OF THE STATE EDUCATION 20 DEPARTMENT. 21 13. ARRANGE WITH THE JOB TRAINING PARTNERSHIP COUNCIL THE PROVISION OF 22 JOB TRAINING PARTNERSHIP ACT FUNDS FOR USE WITHIN THE AREAS WITH THE 23 COOPERATION OF THE SERVICE DELIVERY AREAS IN THE GOVERNOR'S PLAN FOR 24 COORDINATION AND SPECIAL SERVICES. 25 14. SUBJECT TO THE AVAILABILITY OF FUNDS, ARRANGE FOR THE ALLOCATION 26 AND RESERVATION OF FUNDS FROM THE INFRASTRUCTURE IMPROVEMENT PROGRAMS OF 27 STATE AGENCIES AND AUTHORITIES TO ASSIST THE AREAS TO MAKE PUBLIC 28 IMPROVEMENTS NECESSARY FOR COMMUNITY, COMMERCIAL, INDUSTRIAL AND TOURISM 29 DEVELOPMENT PROJECTS IN SUPPORT OF AREA REVITALIZATION. 30 15. SYSTEMATICALLY ENLIST OTHER STATE AGENCIES AND AUTHORITIES TO 31 PARTICIPATE IN AREA PROGRAMS AND PROJECTS AND IN COOPERATIVE PLANNING OF 32 INTERAGENCY AREA ACTIVITIES IN SUPPORT OF AREA REVITALIZATION EFFORTS. 33 16. RECOMMEND FOR EMPIRE LOAN AND GRANT PROGRAMS OF THE DEPARTMENT OF 34 ECONOMIC DEVELOPMENT, URBAN DEVELOPMENT CORPORATION, JOB DEVELOPMENT 35 AUTHORITY, AND THE OFFICE OF SCIENCE, TECHNOLOGY AND ACADEMIC RESEARCH 36 SPECIAL TERMS AND CONDITIONS FOR VIABLE AREA PROJECTS AND PROGRAMS. 37 17. AWARD PREFERENCE TO BE GIVEN TO APPLICATIONS SUBMITTED BY OR ON 38 BEHALF OF AREAS FOR ENTREPRENEURIAL ASSISTANCE PROGRAMS UNDER ARTICLE 39 NINE OF THE ECONOMIC DEVELOPMENT LAW TO SUPPORT THE CREATION OF NEW 40 ENTREPRENEURIAL DEVELOPMENT AND ENTREPRENEURIAL SUPPORT CENTERS. 41 18. COORDINATE WITH THE URBAN DEVELOPMENT CORPORATION THE CREATION OF 42 A SPECIAL CATEGORY OF ASSISTANCE FOR AREAS WITHIN THE REGIONAL ECONOMIC 43 DEVELOPMENT PARTNERSHIP PROGRAM, WHICH WILL MAKE AVAILABLE ECONOMIC 44 DEVELOPMENT ASSISTANCE GRANTS FOR AREA PROGRAMS AND ACTIVITIES, INCLUD- 45 ING, BUT NOT LIMITED TO, PLANNING, SERVICE COORDINATION, AND LOCAL 46 INSTITUTIONAL CAPACITY BUILDING FOR HUMAN RESOURCE DEVELOPMENT NECESSARY 47 FOR ECONOMIC REVITALIZATION; PLANNING AND DEVELOPMENT OF SMALL BUSINESS 48 INCUBATORS; JOB PLACEMENT AND PREPAREDNESS PROGRAMS FOR AREA RESIDENTS; 49 EDUCATION AND TRAINING PROGRAMS FOR AREA BUSINESSES; CHILD CARE PROGRAMS 50 AND PROJECTS SUPPORTIVE OF BUSINESS DEVELOPMENT; TECHNICAL ASSISTANCE 51 FOR MINORITY AND WOMEN-OWNED BUSINESS DEVELOPMENT; TRAINING FOR AREA 52 OFFICIALS; BUSINESS AND TOURISM DEVELOPMENT AND MARKETING PROGRAMS; AND 53 OTHER INNOVATIVE PROGRAMS AND ACTIVITIES IN SUPPORT OF ECONOMIC AND 54 COMMUNITY DEVELOPMENT WITHIN THE AREAS. 55 19. ASSIST IN THE DEVELOPMENT OF A PLAN, IN COORDINATION WITH THE 56 HEALTH AND INSURANCE DEPARTMENTS, AND THE COUNCIL ON THE ARTS, TO ASSIST A. 3563 12 1 AREAS IN OBTAINING AFFORDABLE EMPLOYEE HEALTH INSURANCE FOR ARTS CORPO- 2 RATIONS LOCATED WITHIN THE AREA. 3 S 6.09. NEW YORK STATE CULTURAL DEVELOPMENT AREAS ADVISORY COUNCIL. 4 THERE IS HEREBY ESTABLISHED THE NEW YORK STATE CULTURAL DEVELOPMENT 5 AREAS ADVISORY COUNCIL, TO BE COMPRISED OF ELEVEN MEMBERS APPOINTED BY 6 THE GOVERNOR. MEMBERS OF THE COUNCIL SHALL INCLUDE: THE COMMISSIONER OR 7 HIS OR HER DESIGNEE; THE CHAIRPERSON OF THE NEW YORK STATE COUNCIL ON 8 THE ARTS OR HIS OR HER DESIGNEE; THE CHAIRPERSON OF THE NEW YORK STATE 9 TOURISM ADVISORY COUNCIL OR HIS OR HER DESIGNEE; THREE MEMBERS SHALL BE 10 APPOINTED UPON THE RECOMMENDATION OF THE TEMPORARY PRESIDENT OF THE 11 SENATE; ONE MEMBER SHALL BE APPOINTED UPON THE RECOMMENDATION OF THE 12 MINORITY LEADER OF THE SENATE; THREE MEMBERS SHALL BE APPOINTED UPON THE 13 RECOMMENDATION OF THE SPEAKER OF THE ASSEMBLY; AND ONE MEMBER SHALL BE 14 APPOINTED UPON THE RECOMMENDATION OF THE MINORITY LEADER OF THE ASSEM- 15 BLY. THE MEMBERS OF THE COUNCIL SHALL SERVE FOR TERMS OF TWO YEARS, 16 PROVIDED, HOWEVER, THAT OF THE MEMBERS FIRST APPOINTED, SIX SHALL SERVE 17 FOR TWO YEARS AND FIVE SHALL SERVE FOR THREE YEARS. MEMBERS SHALL 18 RECEIVE NO COMPENSATION FOR THEIR SERVICES, BUT SHALL BE ALLOWED THEIR 19 ACTUAL, NECESSARY EXPENSES INCURRED IN THE PERFORMANCE OF THEIR DUTIES 20 AS COUNCIL MEMBERS. THE GOVERNOR SHALL DESIGNATE A CHAIRPERSON FROM THE 21 MEMBERS OF THE COUNCIL. THE MEMBERS OF THE COUNCIL SHALL ELECT ONE 22 PERSON TO SERVE AS THE VICE-CHAIRPERSON. THE VICE-CHAIRPERSON SHALL 23 REPRESENT THE COUNCIL IN THE ABSENCE OF THE CHAIRPERSON AT ALL OFFICIAL 24 COUNCIL FUNCTIONS. IN APPOINTING MEMBERS TO THE COUNCIL, THE GOVERNOR 25 SHALL ENSURE THAT SUCH MEMBERS INCLUDE REPRESENTATIVES OF ORGANIZATIONS 26 OF ARTS AND CULTURAL RELATED INDUSTRIES IN THE STATE, REPRESENTATIVES 27 WITH DISTINGUISHED ECONOMIC DEVELOPMENT BACKGROUNDS, AND REPRESENTATIVES 28 IN THE TOURISM INDUSTRY IN THE STATE. THE COUNCIL SHALL MEET AT LEAST 29 QUARTERLY, AT THE CALL OF THE COMMISSIONER OR AT THE CALL OF THE CHAIR 30 OF THE COUNCIL. THE DEPARTMENT AND THE STATE COUNCIL ON THE ARTS SHALL 31 PROVIDE TO THE COUNCIL ANY ASSISTANCE NECESSARY. THE PURPOSE OF THE 32 COUNCIL SHALL BE TO ADVISE LOCAL GOVERNMENTS ON APPLICATION FOR CULTURAL 33 DEVELOPMENT AREAS, TO PROVIDE ASSISTANCE IN COMPLETING AN APPLICATION 34 FOR DESIGNATION OF A CDA (INCLUDING AIDING APPLICANTS IN RECTIFYING AN 35 APPLICATION WHICH HAS NOT BEEN APPROVED BY THE COMMISSIONER), AND TO 36 MAKE RECOMMENDATIONS TO THE DEPARTMENT ON CULTURAL DEVELOPMENT AREAS. IN 37 CARRYING OUT ITS RESPONSIBILITIES PURSUANT TO THIS SECTION, THE COUNCIL 38 SHALL ASSIST THE DEPARTMENT IN OBTAINING ANY INFORMATION AS MAY BE 39 NECESSARY FOR APPROVING A CULTURAL DEVELOPMENT AREA. 40 S 6.10. NEW YORK STATE CULTURAL DEVELOPMENT AREAS EVALUATION. THE 41 COMMISSIONER SHALL CONTRACT WITH A STATEWIDE ARTS ORGANIZATION ENTITY 42 INDEPENDENT OF THE DEPARTMENT, AS REQUIRED BY THIS ARTICLE, TO CONDUCT 43 AND SUBMIT TO THE GOVERNOR AND THE LEGISLATURE BY NO LATER THAN DECEMBER 44 THIRTY-FIRST, TWO THOUSAND THIRTEEN, A COMPREHENSIVE EVALUATION OF THE 45 PERFORMANCE OF THE AREAS PROGRAM AND OF INDIVIDUAL AREAS ON MEETING 46 CRITERIA ESTABLISHED PURSUANT TO THIS ARTICLE. THE EVALUATION SHALL 47 INCLUDE, BUT NOT BE LIMITED TO, THE FOLLOWING: 48 1. WHETHER QUANTIFIABLE BENEFITS ATTRIBUTABLE TO THE PROGRAM JUSTIFY 49 ITS DIRECT COSTS TO THE STATE AND PARTICIPATING LOCALITIES. 50 2. WHETHER THE PROGRAM HAS CONTRIBUTED TO THE ECONOMIC REVITALIZATION 51 OF THE AREAS BY STIMULATING: 52 (A) THE CREATION AND RETENTION OF PERMANENT, FULL-TIME, QUALITY JOBS, 53 AS MEASURED ON A FULL-TIME EQUIVALENCY BASIS; 54 (B) THE CREATION, LOCATION AND EXPANSION OF ARTS CORPORATIONS, 55 CULTURAL FACILITIES, AND ANCILLARY BUSINESSES AND SERVICES IN THE AREAS; A. 3563 13 1 (C) CAPITAL AND HUMAN RESOURCE INVESTMENTS BY AREA ENTITIES, INCLUDING 2 ARTS CORPORATIONS, CULTURAL FACILITIES, AND ANCILLARY BUSINESSES AND 3 SERVICES, AND BUSINESS DEVELOPMENT, INCLUDING TOURISM DEVELOPMENT, WITH- 4 IN THE AREAS AND THE SURROUNDING AREAS; AND 5 (D) PUBLIC AND PRIVATE INVESTMENTS IN AREA ENTITIES, INCLUDING ARTS 6 CORPORATIONS, CULTURAL FACILITIES, AND ANCILLARY BUSINESSES AND 7 SERVICES, AND ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES IMPORTANT 8 FOR ECONOMIC REVITALIZATION. 9 3. WHETHER THE PROGRAM HAS CREATED EMPLOYMENT AND ARTS CORPORATIONS, 10 CULTURAL FACILITIES, AND ANCILLARY BUSINESSES AND SERVICES DEVELOPMENT 11 OPPORTUNITIES FOR RESIDENTS OF THE AREAS AND JOB TRAINING OPPORTUNITIES 12 FOR RESIDENTS AND EMPLOYEES OF SUCH AREA ENTITIES. 13 4. WHETHER THE PROGRAM HAS: 14 (A) RESULTED IN NEW AND IMPROVED LOCAL ADMINISTRATIVE CAPACITY WITHIN 15 THE AREAS TO PLAN FOR AND CAPTURE ECONOMIC OPPORTUNITIES AND DELIVER AND 16 COORDINATE ECONOMIC, COMMUNITY AND HUMAN RESOURCE DEVELOPMENT SERVICES, 17 AND 18 (B) INCREASED COMMITMENTS OF LOCAL RESOURCES TO AREA REVITALIZATION, 19 INCLUDING SUPPORT FROM THE BUSINESS COMMUNITY. 20 5. WHETHER THE PROGRAM HAS STIMULATED ASSISTANCE FROM STATE, FEDERAL 21 AND OTHER ECONOMIC, COMMUNITY AND HUMAN RESOURCE DEVELOPMENT PROGRAMS 22 RELATIVE TO OTHER AREAS AND IMPROVED THE DELIVERY AND COORDINATION OF 23 STATE SERVICES TO THE AREAS. 24 6. WHETHER THE PROGRAM IS BEING MANAGED AND EVALUATED EFFECTIVELY AT 25 STATE AND LOCAL LEVELS. 26 S 6.11. SPECIAL PROVISIONS RELATING TO CULTURAL DEVELOPMENT AREAS. 27 BENEFITS PROVIDED TO ENTITIES AND ACTIVITIES WITHIN A CULTURAL DEVELOP- 28 MENT AREA INCLUDE THE FOLLOWING: 29 1. REAL PROPERTY TAXES. A CULTURAL FACILITY PROJECT IN A CULTURAL 30 DEVELOPMENT AREA SHALL BE ELIGIBLE FOR A REAL PROPERTY TAX EXEMPTION 31 PURSUANT TO SECTION FOUR HUNDRED EIGHTY-FIVE-E OF THE REAL PROPERTY TAX 32 LAW, AS IF SUCH PROJECT WERE REAL PROPERTY CONSTRUCTED, ALTERED, 33 INSTALLED OR IMPROVED IN AN EMPIRE ZONE. SOLELY FOR PURPOSES OF BENEFITS 34 PROVIDED PURSUANT TO THIS ARTICLE, AND ANY OTHER PROVISION OF ANY OTHER 35 LAW TO THE CONTRARY NOTWITHSTANDING, THE TERM "EMPIRE ZONE" IN SUCH 36 SECTION FOUR HUNDRED EIGHTY-FIVE-E SHALL BE DEEMED TO INCLUDE A CULTURAL 37 DEVELOPMENT AREA, AND REAL PROPERTY ELIGIBLE FOR SUCH EXEMPTION SHALL BE 38 LIMITED TO A CULTURAL FACILITY, AS DEFINED IN SECTION 6.03 OF THIS ARTI- 39 CLE. 40 2. CERTAIN UTILITY TAXES. AN ARTS CORPORATION, A CULTURAL FACILITY 41 PROJECT, OR A PARTNERSHIP IN WHICH AN ARTS CORPORATION IS A PARTNER IN A 42 CULTURAL DEVELOPMENT AREA SHALL BE ELIGIBLE FOR THE REDUCTION IN UTILITY 43 COSTS OF NON-RETAIL BUSINESS CUSTOMERS AND A CORRELATIVE TAX CREDIT 44 PROVIDED TO NON-RETAIL BUSINESS CUSTOMERS IN AN EMPIRE ZONE PURSUANT TO 45 SUBDIVISION EIGHT OF SECTION ONE HUNDRED EIGHTY-SIX-A OF THE TAX LAW. 46 SOLELY FOR PURPOSES OF BENEFITS PROVIDED PURSUANT TO THIS ARTICLE, AND 47 ANY OTHER PROVISION OF ANY OTHER LAW TO THE CONTRARY NOTWITHSTANDING, 48 THE TERM "EMPIRE ZONE" IN SUCH SECTION ONE HUNDRED EIGHTY-SIX-A OF THE 49 TAX LAW SHALL BE DEEMED TO INCLUDE A CULTURAL DEVELOPMENT AREA, AND 50 NON-RETAIL BUSINESS CUSTOMERS ELIGIBLE FOR SUCH EXEMPTION SHALL BE 51 LIMITED TO AND SHALL MEAN AND INCLUDE AN ARTS CORPORATION, A CULTURAL 52 FACILITY PROJECT, OR ANCILLARY BUSINESS AND SERVICES, AS DEFINED IN 53 SECTION 6.03 OF THIS ARTICLE, WITHOUT REGARD TO WHETHER SUCH ENTITY IS 54 RETAIL OR NON-RETAIL. 55 3. INVESTMENT TAX CREDIT AND EMPLOYMENT INCENTIVE CREDIT. AN ARTS 56 CORPORATION OR A CULTURAL FACILITY PROJECT IN A CULTURAL DEVELOPMENT A. 3563 14 1 AREA SHALL BE ELIGIBLE FOR CREDITS AGAINST THE TAX IMPOSED UNDER ARTICLE 2 NINE-A OF THE TAX LAW (FRANCHISE TAX), BASED ON INVESTMENTS IN CERTAIN 3 ELIGIBLE PROPERTY IN A CULTURAL DEVELOPMENT AREA, TO THE EXTENT THAT A 4 TAXPAYER WOULD BE ELIGIBLE FOR CREDITS AGAINST THE TAX IMPOSED UNDER 5 ARTICLE NINE-A OF THE TAX LAW, BASED ON INVESTMENTS IN CERTAIN ELIGIBLE 6 PROPERTY IN AN EMPIRE ZONE, PURSUANT TO SUBDIVISIONS TWELVE-B AND 7 TWELVE-C OF SECTION TWO HUNDRED TEN OF THE TAX LAW. SOLELY FOR PURPOSES 8 OF BENEFITS PROVIDED PURSUANT TO THIS ARTICLE, AND ANY OTHER PROVISION 9 OF ANY OTHER LAW TO THE CONTRARY NOTWITHSTANDING, THE TERM "EMPIRE ZONE" 10 USED IN SUCH SUBDIVISIONS TWELVE-B AND TWELVE-C OF SECTION TWO HUNDRED 11 TEN OF THE TAX LAW SHALL BE DEEMED TO INCLUDE A CULTURAL DEVELOPMENT 12 AREA, AND TAXPAYERS ELIGIBLE FOR SUCH CREDIT SHALL BE LIMITED TO AND 13 SHALL MEAN AND INCLUDE AN ARTS CORPORATION, A CULTURAL FACILITY PROJECT, 14 OR A PARTNERSHIP IN WHICH THE ARTS CORPORATION IS A PARTNER, AS DEFINED 15 IN SECTION 6.03 OF THIS ARTICLE. 16 4. INVESTMENT TAX CREDIT. AN ARTS CORPORATION OR A CULTURAL FACILITY 17 PROJECT IN A CULTURAL DEVELOPMENT AREA SHALL BE ELIGIBLE FOR A CREDIT 18 AGAINST THE TAX IMPOSED UNDER ARTICLE TWENTY-TWO OF THE TAX LAW 19 (PERSONAL INCOME TAX), BASED ON INVESTMENTS IN CERTAIN ELIGIBLE PROPERTY 20 IN SUCH CULTURAL DEVELOPMENT AREA TO THE EXTENT THAT A TAXPAYER WOULD BE 21 ELIGIBLE FOR A CREDIT BASED ON INVESTMENTS IN CERTAIN ELIGIBLE PROPERTY 22 IN AN EMPIRE ZONE PURSUANT TO SUBSECTION (J) OF SECTION SIX HUNDRED SIX 23 OF THE TAX LAW. SOLELY FOR PURPOSES OF COMPUTING BENEFITS PROVIDED 24 PURSUANT TO THIS ARTICLE, AND ANY OTHER PROVISION OF ANY OTHER LAW TO 25 THE CONTRARY NOTWITHSTANDING, THE TERM "EMPIRE ZONE" USED IN SUCH 26 SUBSECTION (J) OF SECTION SIX HUNDRED SIX OF THE TAX LAW SHALL BE DEEMED 27 TO INCLUDE A CULTURAL DEVELOPMENT AREA, AND TAXPAYERS ELIGIBLE FOR SUCH 28 CREDIT SHALL BE LIMITED TO AND SHALL MEAN AND INCLUDE AN ARTS CORPO- 29 RATION, A CULTURAL FACILITY PROJECT, OR A PARTNERSHIP IN WHICH THE ARTS 30 CORPORATION IS A PARTNER, AS DEFINED IN SECTION 6.03 OF THIS ARTICLE. 31 5. WAGE TAX CREDIT. AN ARTS CORPORATION OR A CULTURAL FACILITY PROJECT 32 IN A CULTURAL DEVELOPMENT AREA SHALL BE ELIGIBLE FOR CREDITS AGAINST THE 33 TAXES IMPOSED UNDER ARTICLES NINE-A (FRANCHISE TAX), TWENTY-TWO 34 (PERSONAL INCOME TAX), THIRTY-TWO (FRANCHISE TAX ON BANKING CORPO- 35 RATIONS) AND THIRTY-THREE (FRANCHISE TAX ON INSURANCE CORPORATIONS) OF 36 THE TAX LAW, BASED ON WAGES PAID TO CERTAIN EMPLOYEES BY SUCH ARTS 37 CORPORATION, A CULTURAL FACILITY PROJECT, OR ANCILLARY BUSINESS AND 38 SERVICES TO THE EXTENT THAT A BUSINESS LOCATED IN AN EMPIRE ZONE OR IN 39 AN EQUIVALENT AREA WOULD BE ELIGIBLE FOR CREDITS AGAINST THE TAXES 40 IMPOSED UNDER ARTICLES NINE-A, TWENTY-TWO, THIRTY-TWO AND THIRTY-THREE 41 OF THE TAX LAW, BASED ON WAGES PAID TO CERTAIN EMPLOYEES EMPLOYED BY IT 42 PURSUANT TO SUBDIVISION NINETEEN OF SECTION TWO HUNDRED TEN, SUBSECTION 43 (K) OF SECTION SIX HUNDRED SIX, SUBSECTION (E) OF SECTION FOURTEEN 44 HUNDRED FIFTY-SIX AND SUBDIVISION (G) OF SECTION FIFTEEN HUNDRED ELEVEN, 45 RESPECTIVELY, OF THE TAX LAW. SOLELY FOR PURPOSES OF COMPUTING BENEFITS 46 PROVIDED PURSUANT TO THIS ARTICLE, AND ANY OTHER PROVISION OF ANY OTHER 47 LAW TO THE CONTRARY NOTWITHSTANDING, THE TERM "EMPIRE ZONE" USED IN SUCH 48 SUBDIVISION NINETEEN OF SECTION TWO HUNDRED TEN, SUBSECTION (K) OF 49 SECTION SIX HUNDRED SIX, SUBSECTION (E) OF SECTION FOURTEEN HUNDRED 50 FIFTY-SIX AND SUBDIVISION (G) OF SECTION FIFTEEN HUNDRED ELEVEN, RESPEC- 51 TIVELY, OF THE TAX LAW SHALL BE DEEMED TO INCLUDE A CULTURAL DEVELOPMENT 52 AREA, AND TAXPAYERS ELIGIBLE FOR SUCH CREDIT SHALL BE LIMITED TO AND 53 SHALL MEAN AND INCLUDE AN ARTS CORPORATION, A CULTURAL FACILITY PROJECT, 54 OR A PARTNERSHIP IN WHICH THE ARTS CORPORATION IS A PARTNER, AS DEFINED 55 IN SECTION 6.03 OF THIS ARTICLE. A. 3563 15 1 6. SALES AND USE TAX. AN ARTS CORPORATION, A CULTURAL FACILITY 2 PROJECT, OR A PARTNERSHIP OF WHICH AN ARTS CORPORATION IS A PARTNER IN A 3 CULTURAL DEVELOPMENT AREA SHALL BE ELIGIBLE FOR REFUND OR CREDIT OF 4 PAYMENTS OF CERTAIN TAXES IMPOSED UNDER ARTICLE TWENTY-EIGHT (SALES AND 5 COMPENSATING USE TAXES) AND, AT LOCAL OPTION, PURSUANT TO THE AUTHORITY 6 OF ARTICLE TWENTY-NINE (TAXES AUTHORIZED FOR CITIES, COUNTIES AND SCHOOL 7 DISTRICTS) OF THE TAX LAW, WITH RESPECT TO PURCHASES OF MATERIALS USED 8 IN CONSTRUCTING, EXPANDING OR REHABILITATING CERTAIN BUSINESS PROPERTY 9 TO THE EXTENT THAT A BUSINESS LOCATED IN AN EMPIRE ZONE, WOULD BE ELIGI- 10 BLE FOR REFUND OR CREDIT OF PAYMENTS OF SUCH TAXES PURSUANT TO SUBDIVI- 11 SION (A) OF SECTION ELEVEN HUNDRED NINETEEN OF THE TAX LAW. SOLELY FOR 12 PURPOSES OF COMPUTING BENEFITS PROVIDED PURSUANT TO THIS ARTICLE, AND 13 ANY OTHER PROVISION OF ANY OTHER LAW TO THE CONTRARY NOTWITHSTANDING, 14 THE TERM "EMPIRE ZONE" USED IN SUCH SUBDIVISION (A) OF SECTION ELEVEN 15 HUNDRED NINETEEN OF THE TAX LAW SHALL BE DEEMED TO INCLUDE A CULTURAL 16 DEVELOPMENT AREA, AND TAXPAYERS ELIGIBLE FOR SUCH REFUND OR CREDIT SHALL 17 BE LIMITED TO AND SHALL MEAN AND INCLUDE AN ARTS CORPORATION, A CULTURAL 18 FACILITY PROJECT, OR A PARTNERSHIP IN WHICH THE ARTS CORPORATION IS A 19 PARTNER, AS DEFINED IN SECTION 6.03 OF THIS ARTICLE. 20 7. GAS OR ELECTRIC RATES. AN ARTS CORPORATION, A CULTURAL FACILITY 21 PROJECT, OR A PARTNERSHIP OF WHICH AN ARTS CORPORATION IS A PARTNER IN A 22 CULTURAL DEVELOPMENT AREA SHALL BE ELIGIBLE FOR AVAILABILITY OF SPECIAL 23 RATES GOVERNING THE PROVISION OF GAS OR ELECTRIC SERVICE TO THE EXTENT 24 AND FOR THE DURATION THAT A BUSINESS ENTERPRISE WOULD BE ELIGIBLE FOR 25 EMPIRE ZONE RATES GOVERNING THE PROVISION OF GAS OR ELECTRIC SERVICE 26 PURSUANT TO SUBDIVISION TWELVE-C OF SECTION SIXTY-SIX OF THE PUBLIC 27 SERVICE LAW. SOLELY FOR PURPOSES OF COMPUTING SUCH RATES PURSUANT TO 28 THIS ARTICLE, AND ANY OTHER PROVISION OF ANY OTHER LAW TO THE CONTRARY 29 NOTWITHSTANDING, THE TERM "EMPIRE ZONE" USED IN SUCH SUBDIVISION 30 TWELVE-C OF SECTION SIXTY-SIX OF THE PUBLIC SERVICE LAW SHALL BE DEEMED 31 TO INCLUDE A CULTURAL DEVELOPMENT AREA, AND ENTERPRISES ELIGIBLE FOR 32 SUCH RATES SHALL BE LIMITED TO AND SHALL MEAN AND INCLUDE AN ARTS CORPO- 33 RATION, A CULTURAL FACILITY PROJECT, OR A PARTNERSHIP IN WHICH THE ARTS 34 CORPORATION IS A PARTNER, AS DEFINED IN SECTION 6.03 OF THIS ARTICLE. 35 8. CAPITAL CORPORATION. A TAXPAYER MAKING QUALIFIED INVESTMENTS IN OR 36 CONTRIBUTIONS TO CULTURAL DEVELOPMENT AREA CAPITAL CORPORATIONS SHALL BE 37 ELIGIBLE FOR CREDITS AGAINST THE TAX IMPOSED UNDER ARTICLES NINE-A 38 (FRANCHISE TAX), TWENTY-TWO (PERSONAL INCOME TAX), THIRTY-TWO (FRANCHISE 39 TAX ON BANKING CORPORATIONS) AND THIRTY-THREE (FRANCHISE TAXES ON INSUR- 40 ANCE CORPORATIONS) OF THE TAX LAW, TO THE EXTENT THAT A TAXPAYER MAKING 41 SIMILAR QUALIFIED INVESTMENTS IN OR CONTRIBUTIONS TO EMPIRE ZONE CAPITAL 42 CORPORATIONS WOULD BE ELIGIBLE FOR SUCH CREDITS PURSUANT TO SUBDIVISION 43 TWENTY OF SECTION TWO HUNDRED TEN, SUBSECTION (L) OF SECTION SIX HUNDRED 44 SIX, SUBSECTION (D) OF SECTION FOURTEEN HUNDRED FIFTY-SIX, AND SUBDIVI- 45 SION (H) OF SECTION FIFTEEN HUNDRED ELEVEN OF THE TAX LAW. SOLELY FOR 46 PURPOSES OF COMPUTING SUCH RATES PURSUANT TO THIS ARTICLE, AND ANY OTHER 47 PROVISION OF ANY OTHER LAW TO THE CONTRARY NOTWITHSTANDING, THE TERM 48 "EMPIRE ZONE CAPITAL CORPORATION" USED IN SUCH SUBDIVISION TWENTY OF 49 SECTION TWO HUNDRED TEN, SUBSECTION (L) OF SECTION SIX HUNDRED SIX, 50 SUBSECTION (D) OF SECTION FOURTEEN HUNDRED FIFTY-SIX, AND SUBDIVISION 51 (H) OF SECTION FIFTEEN HUNDRED ELEVEN OF THE TAX LAW SHALL BE DEEMED TO 52 MEAN AND INCLUDE A CULTURAL DEVELOPMENT AREA CAPITAL CORPORATION. 53 S 6.12. DIVISION OF TAXES BY GOVERNMENTAL BODIES. 1. THE GOVERNING 54 BOARD OF ANY CITY, TOWN, VILLAGE OR COUNTY IN WHICH A CULTURAL DEVELOP- 55 MENT AREA IS LOCATED IS HEREBY AUTHORIZED AND EMPOWERED TO: A. 3563 16 1 (A) ADOPT A LOCAL LAW PROVIDING THAT ANY TAXES LEVIED BY OR ON BEHALF 2 OF SUCH CITY, TOWN, VILLAGE OR COUNTY UPON TAXABLE REAL PROPERTY IN SUCH 3 AREA SHALL BE DIVIDED BASED ON THE AREA'S ORIGINAL TAXABLE VALUE AND ITS 4 INCREMENTAL VALUE AS DETERMINED IN SUBDIVISIONS THREE AND SIX OF THIS 5 SECTION, PROVIDED HOWEVER, THAT NO CITY, TOWN, VILLAGE OR COUNTY MAY 6 ADOPT A LOCAL LAW PROVIDING FOR SUCH A DIVISION OF TAXES IF: 7 (I) THE ORIGINAL TAXABLE VALUE OF THE AREA INVOLVED EXCEEDS A FIGURE 8 EQUAL TO TWENTY PERCENT OF THE TOTAL ASSESSED VALUE OF THAT MUNICI- 9 PALITY, EXCLUSIVE OF ANY INCREMENTAL VALUES FOR SUCH AREAS; OR 10 (II) THE LAND AREA OF THE AREA INVOLVED EXCEEDS A FIGURE EQUAL TO 11 TWENTY PERCENT OF THE TOTAL LAND AREA OF THE MUNICIPALITY. 12 (B) ADOPT A LOCAL LAW ESTABLISHING A SPECIAL CULTURAL DEVELOPMENT AREA 13 TAX INCREMENT FUND AND PROVIDING FOR THE DEPOSIT OF MONEYS INTO SUCH 14 FUND PURSUANT TO SUBDIVISION SEVEN OF THIS SECTION. 15 2. IN NO EVENT SHALL THE DIVISION OF TAXES PURSUANT TO THIS SECTION BE 16 CONSTRUED AS RELIEVING PROPERTY OWNERS WITHIN THE DESIGNATED AREA OF 17 THEIR OBLIGATION FOR PAYING THE TAXES, IF ANY, LEVIED UPON THE ASSESSED 18 VALUE OF THEIR TAXABLE REAL PROPERTY. 19 3. AS SOON AS POSSIBLE AFTER ANY LOCAL LEGISLATIVE BODY HAS ADOPTED A 20 LOCAL LAW AS PROVIDED FOR IN PARAGRAPH (A) OF SUBDIVISION ONE OF THIS 21 SECTION, THE ASSESSOR WHO PREPARES THE ASSESSMENT ROLL USED FOR THE LEVY 22 OF SUCH COUNTY, CITY, TOWN AND VILLAGE TAXES SHALL CERTIFY THE "ORIGINAL 23 TAXABLE VALUE" OF EACH LOT AND PARCEL OF TAXABLE REAL PROPERTY IN THE 24 AREA INVOLVED. FOR THE PURPOSES OF THIS SECTION, "ORIGINAL TAXABLE 25 VALUE" SHALL BE THE ASSESSED VALUE AS OF THE LAST TAXABLE STATUS DATE 26 BEFORE THE DATE ON WHICH A LOCAL LAW AUTHORIZING THE DIVISION OF TAXES 27 WAS ADOPTED. 28 4. WHENEVER ANY PROPERTY IN SUCH AN AREA IS OWNED BY THE CITY, TOWN, 29 VILLAGE OR COUNTY INVOLVED AND IS LEASED TO ANY PERSON OR PERSONS, SUCH 30 PROPERTY SHALL BE ASSESSED AND TAXED IN THE SAME MANNER AS PRIVATELY 31 OWNED PROPERTY, AND THE LEASE OR CONTRACT BETWEEN THE CITY, TOWN, 32 VILLAGE OR COUNTY INVOLVED AND SUCH PERSON OR PERSONS SHALL PROVIDE THAT 33 THE LESSEE SHALL PAY TAXES UPON THE ASSESSED VALUE OF THE ENTIRE PROPER- 34 TY AND NOT MERELY UPON THE ASSESSED VALUE OF HIS, HER OR ITS LEASEHOLD 35 INTEREST. 36 5. IN EACH YEAR SUBSEQUENT TO THE DETERMINATION OF THE ORIGINAL TAXA- 37 BLE VALUE OF EACH LOT AND PARCEL OF TAXABLE REAL PROPERTY IN SUCH AN 38 AREA THE ASSESSOR SHALL COMPUTE AND CERTIFY THE NET AMOUNT BY WHICH THE 39 TAXABLE VALUE OF ALL SUCH LOTS AND PARCELS HAS INCREASED OR DECREASED IN 40 COMPARISON WITH THE ORIGINAL TAXABLE VALUE OF ALL SUCH LOTS AND PARCELS. 41 THE NET AMOUNT OF THE INCREASE OR DECREASE IS REFERRED TO IN THIS 42 SECTION AS THE "INCREMENTAL VALUE" OR THE "LOST VALUE" FOR THAT YEAR, AS 43 THE CASE MAY BE. 44 6. IN ANY YEAR WHEN THERE IS AN INCREMENTAL VALUE, THE TAX LEVYING 45 BODY SHALL EXTEND THE TAXES OF EACH CITY, TOWN, VILLAGE OR COUNTY, WHICH 46 HAS ADOPTED A LOCAL LAW PURSUANT TO THIS SECTION, AGAINST THE INCRE- 47 MENTAL VALUE AS WELL AS THE ORIGINAL TAXABLE VALUE, AND THE AMOUNT OF 48 TAXES RECEIVED FROM SUCH EXTENSION AGAINST THE INCREMENTAL VALUE IS 49 REFERRED TO IN THIS SECTION AS THE TAX INCREMENT FOR THAT YEAR. 50 7. THE CITY, TOWN, VILLAGE OR COUNTY OFFICIAL RESPONSIBLE FOR RECEIV- 51 ING REAL PROPERTY TAX PAYMENTS SHALL SEGREGATE EACH YEAR ALL TAX INCRE- 52 MENTS FROM THE DESIGNATED AREA AND TRANSMIT SUCH INCREMENTS TO THE CITY, 53 TOWN, VILLAGE OR COUNTY TREASURER WHO SHALL DEPOSIT SUCH MONIES IN A 54 SPECIAL CULTURAL DEVELOPMENT AREA TAX INCREMENT FUND FROM WHICH THE 55 LOCAL LEGISLATIVE BODY MAY AUTHORIZE PAYMENTS FOR INFRASTRUCTURE A. 3563 17 1 IMPROVEMENTS AUTHORIZED IN SUCH MUNICIPALITY'S CULTURAL DEVELOPMENT AREA 2 DEVELOPMENT PLAN FOR THE AREA INVOLVED. 3 8. IN THE EVENT THAT ANY STATE OR LOCAL LAW GOVERNING THE CLASSIFICA- 4 TION OF REAL PROPERTY AND THEREBY DETERMINING THE PERCENTAGE OF MARKET 5 VALUE TO BE ASSESSED FOR REAL PROPERTY TAXATION PURPOSES IS AMENDED 6 HEREAFTER, THE INCREASE OR DECREASE IN ASSESSED VALUATION RESULTING 7 THEREFROM SHALL BE APPLIED PROPORTIONATELY IN EACH YEAR THEREAFTER TO 8 THE ORIGINAL TAXABLE VALUE AND INCREMENTAL VALUE OF THE AREA INVOLVED. 9 9. THE LOCAL LEGISLATIVE BODY OF THE CITY, TOWN, VILLAGE OR COUNTY OR 10 ITS DESIGNATED AGENCY MAY INVEST ANY FUNDS IN THE SPECIAL CULTURAL 11 DEVELOPMENT AREA TAX INCREMENT FUND NOT REQUIRED FOR IMMEDIATE DISBURSE- 12 MENT, IN PROPERTY OR SECURITIES IN WHICH PUBLIC BODIES MAY INVEST FUNDS 13 SUBJECT TO THEIR CONTROL. 14 10. IN ANY YEAR WHEN THERE IS A LOST VALUE, THE PROVISIONS OF THIS 15 SECTION SHALL NOT APPLY. 16 S 6.13. CULTURAL DEVELOPMENT AREA CAPITAL CORPORATIONS. 1. NO MORE 17 THAN THREE CULTURAL DEVELOPMENT AREA CAPITAL CORPORATIONS MAY BE ESTAB- 18 LISHED IN EACH CULTURAL DEVELOPMENT AREA FOR THE PURPOSE OF RAISING 19 FUNDS THROUGH PRIVATE AND PUBLIC GRANTS, DONATIONS OR INVESTMENTS, TO BE 20 USED IN MAKING INVESTMENTS IN, AND LOANS TO, ENTITIES CERTIFIED PURSUANT 21 TO THIS ARTICLE. AN AREA CAPITAL CORPORATION MAY SERVE ONE OR MORE AREAS 22 WITHIN AN ECONOMIC DEVELOPMENT REGION OR AREAS WITHIN TWO OR MORE 23 REGIONS. PRIOR TO THE ESTABLISHMENT OF AN AREA CAPITAL CORPORATION, THE 24 AREA BOARD AND THE COMMISSIONER SHALL APPROVE THE FORMATION OF THE 25 PROPOSED AREA CAPITAL CORPORATION, ITS BOARD OF DIRECTORS AND MANAGE- 26 MENT, AND ITS PROCEDURES FOR MAKING, SERVICING AND MONITORING INVEST- 27 MENTS. IN NO EVENT, HOWEVER, SHALL A CAPITAL CORPORATION ACQUIRE AN 28 OWNERSHIP INTEREST IN ANY CERTIFIED ENTITY WHICH AMOUNTS TO MORE THAN 29 TWENTY-FIVE PERCENT OF THE OWNERSHIP INTEREST OF SUCH ENTITY. NO LOAN TO 30 OR INVESTMENT IN ANY ENTITY SHALL BE MADE BY A CAPITAL CORPORATION 31 LOCATED IN AN AREA WITHIN A TOWN WITH A POPULATION OF MORE THAN TWENTY- 32 FIVE THOUSAND, UNTIL SUCH CORPORATION HAS ACCUMULATED AT LEAST TWO 33 HUNDRED THOUSAND DOLLARS IN CAPITAL STOCK. NO LOAN OR INVESTMENT IN ANY 34 ENTITY SHALL BE MADE BY A CAPITAL CORPORATION LOCATED IN AN AREA WITHIN 35 A TOWN WITH A POPULATION OF LESS THAN TWENTY-FIVE THOUSAND UNTIL SUCH 36 CORPORATION HAS ACCUMULATED AT LEAST ONE HUNDRED THOUSAND DOLLARS IN 37 CAPITAL STOCK. AN AREA CAPITAL CORPORATION SHALL SUBMIT TO THE AREA 38 BOARD AN ANNUAL REPORT ON ITS ACTIVITIES. 39 2. EACH AREA CAPITAL CORPORATION SHALL ESTABLISH AN INVESTMENT COMMIT- 40 TEE FOR THE PURPOSE OF EVALUATING APPLICATIONS FOR LOANS AND EQUITY 41 INVESTMENTS. EACH COMMITTEE SHALL BE COMPRISED OF MEMBERS WHO POSSESS 42 THE REQUISITE BUSINESS AND FINANCIAL EXPERTISE NECESSARY TO EVALUATE 43 APPLICATIONS FOR LOANS AND/OR EQUITY INVESTMENTS. 44 3. EACH AREA CAPITAL CORPORATION SHALL, TO THE MAXIMUM EXTENT FEASI- 45 BLE, UNDERTAKE MEASURES AND PROCEDURES TO ENSURE MEANINGFUL PARTIC- 46 IPATION BY MINORITY-OWNED AND WOMEN-OWNED BUSINESS ENTERPRISES IN THE 47 ACTIVITIES AND INVESTMENTS OF SUCH CORPORATION. EACH SUCH CORPORATION 48 SHALL ADDITIONALLY, TO THE MAXIMUM EXTENT FEASIBLE, UNDERTAKE MEASURES 49 AND PROCEDURES TO ENSURE MEANINGFUL PARTICIPATION BY LOCALLY OWNED BUSI- 50 NESS ENTERPRISES IN THE ACTIVITIES AND INVESTMENTS OF SUCH CORPORATION. 51 4. THE TOTAL AMOUNT OF TAX CREDITS AVAILABLE TO EACH AREA PURSUANT TO 52 SUBDIVISION TWENTY OF SECTION TWO HUNDRED TEN, SUBSECTION (1) OF SECTION 53 SIX HUNDRED SIX, SUBSECTION (D) OF SECTION FOURTEEN HUNDRED FIFTY-SIX 54 AND SUBDIVISION (H) OF SECTION FIFTEEN HUNDRED ELEVEN OF THE TAX LAW, 55 SHALL BE TWO MILLION FIVE HUNDRED THOUSAND DOLLARS, (PROVIDED, HOWEVER, 56 THAT IN NO EVENT SHALL THE CREDITS AVAILABLE IN ANY AREA EXCEED FIVE A. 3563 18 1 HUNDRED THOUSAND DOLLARS IN THE CASE OF QUALIFIED INVESTMENTS IN CERTI- 2 FIED ARTS CORPORATIONS). 3 5. APPORTIONMENT OF CREDITS WITHIN AN AREA BETWEEN CAPITAL INVESTMENTS 4 IN AND CONTRIBUTIONS TO AREA CAPITAL CORPORATIONS, DIRECT INVESTMENTS IN 5 CERTIFIED AREA BUSINESSES OR CONTRIBUTIONS TO COMMUNITY DEVELOPMENT 6 PROJECTS WILL BE DETERMINED AND ACCOUNTED FOR BY THE LOCAL AREA ADMINIS- 7 TRATIVE BOARD IN CONSULTATION WITH THE AREA ADMINISTRATIVE ENTITY, 8 SUBJECT TO REGULATIONS PROMULGATED BY THE COMMISSIONER. CREDITS NOT USED 9 BY AN AREA WITHIN FOUR YEARS OF THEIR APPORTIONMENT MAY, AFTER A PUBLIC 10 HEARING, BE REALLOCATED PURSUANT TO SUCH REGULATIONS. CERTIFICATIONS 11 UNDER SUBDIVISION TWENTY OF SECTION TWO HUNDRED TEN, SUBSECTION (1) OF 12 SECTION SIX HUNDRED SIX, SUBSECTION (D) OF SECTION FOURTEEN HUNDRED 13 FIFTY-SIX AND SUBDIVISION (H) OF SECTION FIFTEEN HUNDRED ELEVEN OF THE 14 TAX LAW SHALL BE CONSISTENT WITH THE PROVISIONS OF THIS SUBDIVISION. 15 6. THE COMMISSIONER SHALL PROMULGATE REGULATIONS GOVERNING THE CRITE- 16 RIA OF ELIGIBILITY FOR THE TAX CREDITS APPLICABLE TO DIRECT EQUITY 17 INVESTMENTS IN CERTIFIED AREA ENTITIES AND TO CONTRIBUTIONS TO COMMUNITY 18 DEVELOPMENT PROJECTS PROVIDED FOR IN THIS SECTION. SUCH REGULATIONS 19 SHALL ESTABLISH REQUIREMENTS INCLUDING, BUT NOT LIMITED TO: 20 (A) A DEMONSTRATION THAT THE INVESTMENT WILL CONTRIBUTE, SIGNIFICANT- 21 LY, TO AN ACTIVITY HAVING TANGIBLE ECONOMIC BENEFITS, SUCH AS START-UP, 22 EXPANSION OR MODERNIZATION OF SUCH AREA ENTITY; 23 (B) A DEMONSTRATION THAT THE INVESTMENT WILL SIGNIFICANTLY CONTRIBUTE 24 TO DEVELOPMENT, CONTINUATION, PRESERVATION, OR ENHANCEMENT OF ONE OR 25 MORE ARTS AND CULTURAL CORPORATIONS; 26 (C) A DEMONSTRATION THAT THE INVESTMENT IS NECESSARY TO THE PRESERVA- 27 TION OF CULTURAL HERITAGE; 28 (D) A DEMONSTRATION THAT THE DIRECT EQUITY INVESTMENT WILL LEAD TO 29 DEVELOPMENT WITHIN THE AREA OF ADDITIONAL ARTS CORPORATIONS AND ANCIL- 30 LARY BUSINESSES AND SERVICES, OR THE DEVELOPMENT OF INFRASTRUCTURE THAT 31 WILL STIMULATE THE DEVELOPMENT OF AN ARTS COMMUNITY WITHIN THE CULTURAL 32 DEVELOPMENT AREA; 33 (E) A DEMONSTRATION THAT THE CERTIFIED AREA ENTITY HAS THE POTENTIAL 34 TO CREATE JOBS, MEASURED ON A FULL-TIME EQUIVALENCY BASIS; AND 35 (F) A DEMONSTRATION THAT THE DIRECT EQUITY INVESTMENT IS NECESSARY TO 36 INCREASE THE AMOUNT OF CAPITAL AVAILABLE TO THE CERTIFIED AREA ENTITY, 37 PROVIDED, HOWEVER, THAT SUCH INVESTMENT IS NOT INTENDED NOR SHALL IT BE 38 USED TO REFINANCE EXISTING DEBT OR REPLACE EXISTING EQUITY IN SUCH AREA 39 BUSINESS. 40 7. IN ADDITION TO THE DUTIES SET FORTH ELSEWHERE IN THIS ARTICLE, THE 41 AREA ADMINISTRATIVE BOARD SHALL, CONSISTENT WITH THE REGULATIONS PROMUL- 42 GATED BY THE COMMISSIONER, DETERMINE THE ELIGIBILITY OF DIRECT EQUITY 43 INVESTMENTS IN CERTIFIED AREA ENTITIES AND CONTRIBUTIONS TO COMMUNITY 44 CULTURAL DEVELOPMENT PROJECTS FOR THE TAX CREDITS AVAILABLE TO SUCH 45 AREA. SUCH DETERMINATION BY THE AREA ADMINISTRATIVE BOARD SHALL BE 46 SUBJECT TO REVIEW BY THE COMMISSIONER IN HIS OR HER DISCRETION. THE 47 COMMISSIONER, UPON REVIEW OF AN AREA BOARD DETERMINATION MADE PURSUANT 48 TO THIS SUBDIVISION, SHALL ACCEPT OR REJECT SUCH DETERMINATION AS MAY BE 49 DEEMED APPROPRIATE. 50 S 6.14. APPROVAL OF CULTURAL DEVELOPMENT AREAS. 1. THE COMMISSIONER 51 SHALL APPROVE THE DESIGNATION OF A CULTURAL DEVELOPMENT AREA IN WRITING 52 WITHIN NINETY DAYS OF SUBMISSION TO HIM OR HER BY THE LOCAL GOVERNMENT 53 FOR SUCH APPROVAL IF HE OR SHE SHALL FIND THAT THE AREA MEETS THE CRITE- 54 RIA ESTABLISHED BY THIS ARTICLE FOR SUCH DESIGNATION. IF THE COMMISSION- 55 ER SHALL FIND THAT THE APPLICATION DOES NOT MEET THE CRITERIA, HE OR SHE 56 SHALL RESPOND TO THE APPLICANT IN WRITING WITHIN SUCH NINETY DAY PERIOD A. 3563 19 1 STATING THE REASONS THE APPLICATION DOES NOT MEET THE CRITERIA AND IS 2 NOT APPROVED. THE COMMISSIONER SHALL REFER AN APPLICATION THAT IS NOT 3 APPROVED TO THE NEW YORK STATE ARTS AND CULTURAL DEVELOPMENT AREAS ADVI- 4 SORY COUNCIL WHICH SHALL AID THE APPLICANT IN RECTIFYING THE APPLICA- 5 TION. AN APPLICATION WHICH IS NOT APPROVED MAY BE RESUBMITTED AT ANY 6 TIME. 7 2. A LOCAL GOVERNMENT SHALL SUBMIT WRITTEN DOCUMENTATION IN A FORM AND 8 MANNER PRESCRIBED BY THE COMMISSIONER BY REGULATIONS PROMULGATED BY THE 9 COMMISSIONER SHOWING THAT IT HAS MET SUCH CRITERIA. THE CHIEF EXECUTIVE 10 OF THE LOCAL GOVERNMENT SHALL ENSURE THAT THE INFORMATION CONTAINED 11 THEREIN, TO THE MAXIMUM EXTENT POSSIBLE, IS ACCURATE AND COMPLETE. EACH 12 SUCH APPLICATION SHALL INCLUDE THE CDA PLAN AND ADDITIONALLY SHALL: 13 (A) INCLUDE EVIDENCE OF THE ADOPTION OF A CDA DEVELOPMENT PLAN BY THE 14 LOCAL GOVERNING BODY OF THE AREA IN WHICH THE CDA IS TO BE LOCATED; 15 (B) IDENTIFY THE LOCAL CULTURAL DEVELOPMENT AREA CERTIFICATION OFFICER 16 AND LOCAL CULTURAL DEVELOPMENT AREA ADMINISTRATIVE BOARD; 17 (C) INCLUDE A MAP OF THE AREA COMPRISING THE PROPOSED CULTURAL DEVEL- 18 OPMENT AREA SHOWING EXISTING STREETS, HIGHWAYS, WATERWAYS, NATURAL BOUN- 19 DARIES AND OTHER PHYSICAL FEATURES; 20 (D) INCLUDE EVIDENCE THAT THE APPLICANT HAS, TO THE MAXIMUM EXTENT 21 FEASIBLE, SOLICITED AND CONSIDERED THE VIEWS OF RESIDENTS OF THE 22 PROPOSED CDA AND THE LOCAL GOVERNMENTAL AND PRIVATE ORGANIZATIONS 23 REPRESENTING SUCH RESIDENTS; 24 (E) INCLUDE A STATEMENT FROM THE PRIVATE INDUSTRY COUNCIL GOVERNING 25 BOARD OF THE SERVICE DELIVERY AREA ESTABLISHED UNDER THE JOB TRAINING 26 PARTNERSHIP ACT (P.L. 97-300, AS AMENDED) THAT ENCOMPASSES THE PROPOSED 27 CDA SETTING FORTH THE ASSISTANCE TO BE PROVIDED AND THE RESOURCES TO BE 28 ALLOCATED FOR THE TRAINING OF RESIDENTS IN THE AREA AND THE OPERATION OF 29 JOB TRAINING PROGRAMS; 30 (F) INCLUDE A STATEMENT FROM THE INDUSTRIAL DEVELOPMENT AUTHORITY 31 SERVING THE MUNICIPALITY IN WHICH THE AREA IS LOCATED AND FROM ANY OTHER 32 DEVELOPMENT FINANCE ENTITY SUPPORTED BY PUBLIC MONEY SETTING FORTH THE 33 ASSISTANCE TO BE PROVIDED AND THE RESOURCES TO BE ALLOCATED TO DEVELOP- 34 MENT ACTIVITIES IN THE AREA; 35 (G) SPECIFY GOALS AND OBJECTIVES, BOTH SHORT TERM AND LONG TERM, FOR 36 THE ECONOMIC REVITALIZATION OF THE PROPOSED AREA; 37 (H) INCLUDE A DESCRIPTION OF PLANS AND STRATEGIES FOR PROVIDING AND 38 IMPROVING HUMAN RESOURCE DEVELOPMENT SERVICES TO RESIDENTS OF THE AREA 39 COMPRISING THE PROPOSED AREA AND TO EMPLOYEES OF BUSINESSES WITHIN SAID 40 AREA, AND THE METHODS BY WHICH PERFORMANCE IN IMPLEMENTING SAID PLANS 41 AND STRATEGIES WILL BE EVALUATED; 42 (I) IDENTIFY FINANCIAL COMMITMENTS THE LOCAL GOVERNMENT WILL MAKE TO 43 THE AREA FOR ACTIVITIES, INCLUDING, BUT NOT LIMITED TO, MARKETING OF THE 44 AREA FOR DEVELOPMENT, HUMAN RESOURCE SERVICES FOR AREA RESIDENTS AND 45 ENTITIES, AND SERVICES FOR SMALL AND MINORITY AND WOMEN-OWNED BUSI- 46 NESSES; 47 (J) IDENTIFY PUBLICLY CONTROLLED AND OTHER DEVELOPABLE LANDS AND 48 BUILDINGS WITHIN THE PROPOSED AREA WHICH ARE OR COULD BE MADE AVAILABLE 49 FOR DEVELOPMENT; AND 50 (K) PROVIDE DOCUMENTATION CONCERNING THE LEVEL OF LOCAL PARTICIPATION 51 INCLUDING, BUT NOT LIMITED TO, LOCAL TAX INCENTIVES AND THE PROVISION OF 52 LOCAL SERVICES. 53 S 6.15. LOCAL ADMINISTRATION OF CULTURAL DEVELOPMENT AREAS. 1. THE 54 LOCAL CULTURAL DEVELOPMENT AREA CERTIFICATION OFFICER SHALL NOT SERVE ON 55 THE LOCAL CULTURAL DEVELOPMENT AREA ADMINISTRATIVE BOARD AND SHALL, 56 PURSUANT TO REGULATIONS PROMULGATED BY THE COMMISSIONER PURSUANT TO THIS A. 3563 20 1 ARTICLE, JOINTLY CERTIFY TOGETHER WITH THE COMMISSIONER AND, IF THE 2 ENTITY IS AN ARTS CORPORATION, WITH THE CHAIRPERSON OF THE COUNCIL ON 3 THE ARTS, THOSE ENTITIES ELIGIBLE TO RECEIVE BENEFITS PURSUANT TO THIS 4 ARTICLE; PROVIDED, HOWEVER, THAT SUCH CERTIFICATION SHALL BE GOVERNED BY 5 CRITERIA INCLUDING, BUT NOT LIMITED TO, 6 (A) WHETHER THE ENTITY, IF CERTIFIED, IS REASONABLY LIKELY TO CREATE 7 NEW EMPLOYMENT OR PREVENT A LOSS OF EMPLOYMENT IN THE AREA; 8 (B) WHETHER SUCH NEW EMPLOYMENT OPPORTUNITIES WILL BE FOR INDIVIDUALS 9 WHO WILL PERFORM A SUBSTANTIAL PART OF THEIR EMPLOYMENT ACTIVITIES IN 10 THE AREA; 11 (C) WHETHER CERTIFICATION WILL HAVE THE UNDESIRED EFFECT OF CAUSING 12 INDIVIDUALS TO TRANSFER FROM EXISTING EMPLOYMENT WITH ANOTHER ENTITY TO 13 SIMILAR EMPLOYMENT WITH THE ENTITY SO CERTIFIED, AND TRANSFERRING EXIST- 14 ING EMPLOYMENT FROM ONE OR MORE OTHER MUNICIPALITIES, TOWNS OR VILLAGES 15 IN THE STATE, OR TRANSFERRING EXISTING EMPLOYMENT FROM ONE OR MORE OTHER 16 BUSINESSES IN THE AREA, PROVIDED THAT THIS CRITERIA SHALL NOT BE APPLIED 17 TO ARTS CORPORATIONS; 18 (D) WHETHER SUCH ENTERPRISE IS LIKELY TO ENHANCE THE ECONOMIC OR 19 CULTURAL CLIMATE OF THE AREA; 20 (E) WHETHER SUCH ENTERPRISE, DURING THE THREE YEARS PRECEDING THE 21 SUBMISSION OF AN APPLICATION FOR CERTIFICATION, HAS ENGAGED IN A 22 SUBSTANTIAL VIOLATION OR A PATTERN OF VIOLATIONS OF LAWS REGULATING 23 UNEMPLOYMENT INSURANCE, WORKERS' COMPENSATION, PUBLIC WORK, CHILD LABOR, 24 EMPLOYMENT OF MINORITIES AND WOMEN, SAFETY AND HEALTH, OR OTHER LAWS FOR 25 THE PROTECTION OF WORKERS AS DETERMINED BY FINAL JUDGMENT OF A JUDICIAL 26 OR ADMINISTRATIVE PROCEEDING; 27 (F) WHETHER SUCH CERTIFICATION IS NECESSARY TO PRESERVE THE START-UP, 28 MAINTENANCE, CONTINUATION, EXPANSION, OR FURTHER DEVELOPMENT OF AN ENTI- 29 TY THAT IS AN ARTS CORPORATION OR CULTURAL FACILITY, OR IS NECESSARY FOR 30 CULTURAL PRESERVATION OR EXPANSION OF EDUCATIONAL OPPORTUNITIES. 31 2. ANY ENTITY THAT APPLIES FOR ANY TAX, UTILITY RATE, OR MANAGEMENT 32 ASSISTANCE BENEFITS PROVIDED BY THIS ARTICLE SHALL PROVIDE NINETY DAYS 33 WRITTEN NOTICE TO THE COMMISSIONER, THE LOCAL CULTURAL DEVELOPMENT AREA 34 CERTIFICATION OFFICER, THE LOCAL CULTURAL DEVELOPMENT AREA ADMINISTRA- 35 TIVE BOARD AND THE EMPLOYEES OF SUCH BUSINESS ENTERPRISE OF ANY INTENT 36 TO CLOSE OR PARTIALLY CLOSE A FACILITY WITHIN THE CULTURAL DEVELOPMENT 37 AREA. FOR THE PURPOSES OF THIS SECTION, "CLOSING" MEANS THE PERMANENT 38 TERMINATION OF EMPLOYMENT AT A BUSINESS FACILITY, AND "PARTIAL CLOSING" 39 MEANS THE PERMANENT TERMINATION OF A PORTION OF THE EMPLOYMENT AT A 40 BUSINESS FACILITY THAT WILL EITHER IMMEDIATELY REDUCE THE WORK FORCE BY 41 AT LEAST FIFTY EMPLOYEES OR WILL REDUCE THE WORK FORCE BY AT LEAST FIFTY 42 PERCENT OVER A ONE-YEAR PERIOD. 43 3. AN ARTS CORPORATION, A CULTURAL FACILITY, OR SERVICE MEETING THE 44 REQUIREMENTS ESTABLISHED IN THIS SECTION SHALL BE CERTIFIED, AND SHALL 45 BE ELIGIBLE FOR THE BENEFITS PROVIDED FOR IN THIS ARTICLE TO THE EXTENT 46 PROVIDED HEREIN. 47 4. THE LOCAL CULTURAL DEVELOPMENT AREA ADMINISTRATIVE BOARD SHALL: 48 (A) DEVELOP SHORT-TERM GOALS FOR AREA ACTIVITIES ON AN ANNUAL BASIS; 49 (B) PREPARE, OR CAUSE TO BE PREPARED, AN ANNUAL REPORT AND SUBMIT 50 COPIES TO THE DEPARTMENT OF AUDIT AND CONTROL, DEPARTMENT OF TAXATION 51 AND FINANCE, THE CHAIRPERSON OF THE COUNCIL ON THE ARTS, THE TEMPORARY 52 PRESIDENT OF THE SENATE, THE SPEAKER OF THE ASSEMBLY AND DEPARTMENT OF 53 ECONOMIC DEVELOPMENT ON OR BEFORE THE FIRST DAY OF JULY NEXT SUCCEEDING 54 THE YEAR TO WHICH THE REPORT PERTAINS, REGARDING CULTURAL DEVELOPMENT 55 AREA ACTIVITIES, INCLUDING INFORMATION WHICH WOULD ALLOW FOR SUBSTANTIVE 56 REVIEW OF THE AREA'S STRATEGIES AND PROGRESS OF THE AREA IN MEETING ITS A. 3563 21 1 SHORT-TERM OBJECTIVES, AND AN ANALYSIS OF THE EXTENT TO WHICH THE LONG- 2 TERM GOALS SET FORTH IN THE CULTURAL DEVELOPMENT AREA PLAN AND APPLICA- 3 TION HAVE BEEN MET. THE AREA ADMINISTRATIVE ENTITIES AND OTHER LOCAL 4 OFFICIALS AND AGENCIES SHALL FULLY COOPERATE WITH THE AREA ADMINISTRA- 5 TIVE BOARD IN THE ANNUAL PERFORMANCE REVIEW AND IN THE BOARD'S PERFORM- 6 ANCE OF ITS OTHER DUTIES. LOCAL OFFICIALS, STATE AGENCIES, AND CERTIFIED 7 ENTITIES SHALL PROVIDE INFORMATION REQUESTED BY THE AREA ADMINISTRATIVE 8 BOARD WHICH IS NECESSARY FOR SUCH REVIEW. SUCH REPORT SHALL ALSO 9 INCLUDE A CURRENT DESCRIPTION OF THE SPECIFIC STRATEGIES AND PRIORITIES 10 FOR ECONOMIC REVITALIZATION OF THE AREA, INCLUDING, BUT NOT LIMITED TO: 11 (I) THE NUMBER OF JOBS CREATED; 12 (II) THE NUMBER OF JOBS RETAINED; 13 (III) THE AMOUNT OF PRIVATE CAPITAL LEVERAGED WITH PUBLIC FUNDS; 14 (IV) THE NUMBER OF BUSINESSES EXPANDED OR RETAINED AND NEW BUSINESSES 15 CREATED, AND THE TYPE OF BUSINESSES EXPANDED, RETAINED OR CREATED; 16 (V) THE IMPROVEMENTS IN THE PHYSICAL INFRASTRUCTURE OF THE AREA; 17 (VI) THE CULTURAL HERITAGE IMPROVED, ADDED TO, OR PRESERVED. 18 THE COMMISSIONER SHALL PROMULGATE RULES AND REGULATIONS TO SET FORTH 19 STANDARDS TO BE USED TO MEASURE PERFORMANCE AGAINST OBJECTIVES ON AN 20 ANNUAL BASIS IN ORDER TO FACILITATE THE REQUIREMENTS OF THIS PARAGRAPH, 21 AND SHALL REQUIRE THAT FOR PURPOSES OF THE REPORT, ALL JOBS SHALL BE 22 MEASURED ON A FULL-TIME EQUIVALENCY BASIS; 23 (C) UNDERTAKE EFFORTS TO ENSURE MEANINGFUL PARTICIPATION BY MINORITY- 24 OWNED AND WOMEN-OWNED BUSINESS ENTERPRISES IN CULTURAL DEVELOPMENT AREA 25 ACTIVITIES; 26 (D) ENTER INTO AGREEMENTS WITH THE COMMISSIONERS OF ECONOMIC DEVELOP- 27 MENT, LABOR, AND SOCIAL SERVICES, LOCAL DEPARTMENTS OF SOCIAL SERVICES, 28 AND LOCAL EDUCATION AGENCIES AS DEFINED IN PARAGRAPH (B) OF SUBDIVISION 29 ONE OF SECTION THREE THOUSAND THIRTY-TWO OF THE EDUCATION LAW, LOCAL 30 COMMUNITY-BASED ORGANIZATIONS, PRIVATE EMPLOYERS, LABOR UNIONS, THE 31 ADMINISTRATIVE ENTITY AND PRIVATE INDUSTRY COUNCIL FOR THE SERVICE 32 DELIVERY AREA ESTABLISHED UNDER THE JOB TRAINING PARTNERSHIP ACT (P.L. 33 97-300, AS AMENDED) THAT INCLUDES THE CULTURAL DEVELOPMENT AREA, AND ANY 34 OTHER PERSON OR STATE OR FEDERAL AGENCY FOR THE PURPOSE OF ESTABLISHING, 35 IMPLEMENTING AND COORDINATING JOB TRAINING PROGRAMS FOR WORKERS AND 36 BUSINESSES TO BE LOCATED IN A CULTURAL DEVELOPMENT AREA; PROVIDED, 37 HOWEVER, THAT: 38 (I) ANY AGREEMENT TO ESTABLISH A JOB TRAINING PROGRAM DESIGNED TO MEET 39 THE SPECIFIC NEEDS OF AN EMPLOYER SHALL REQUIRE SUCH EMPLOYER TO RETAIN 40 IN ITS EMPLOY FOR NOT LESS THAN SIX MONTHS AN EMPLOYEE WHO HAS SATISFAC- 41 TORILY COMPLETED A COURSE OF TRAINING FOR A PARTICULAR JOB OPENING 42 UNLESS SUCH EMPLOYEE VOLUNTARILY LEAVES SUCH EMPLOYMENT OR IS DISCHARGED 43 FOR MISCONDUCT OR OTHER GOOD CAUSE, SUCH EMPLOYMENT TO BE MEASURED ON A 44 FULL-TIME EQUIVALENCY BASIS; AND 45 (II) ANY JOB TRAINING PROGRAM ESTABLISHED PURSUANT TO THIS SECTION 46 SHALL MAKE USE OF THE COMMUNITY SERVICE DIVISION OF THE LABOR DEPARTMENT 47 AS WELL AS OTHER SOURCES FOR THE PURPOSE OF RECRUITMENT; 48 (E) IN COOPERATION WITH LOCAL SOCIAL SERVICES OFFICIALS, ESTABLISH A 49 JOB TRAINING OPPORTUNITIES PROGRAM SPONSORED BY PRIVATE EMPLOYERS; 50 (F) ENTER INTO AGREEMENTS WITH LOCAL DEPARTMENTS OF SOCIAL SERVICES OR 51 COMMUNITY-BASED ORGANIZATIONS TO FACILITATE THE PROVISION OF ANCILLARY 52 OR ENHANCED SOCIAL SERVICES, INCLUDING LICENSED AND CERTIFIED CHILD DAY 53 CARE, IN ANY SUCH AREA; 54 (G) ENSURE THAT JOB TRAINING PROGRAMS MEET STANDARDS OF INSTRUCTIONAL 55 QUALITY ESTABLISHED IN REGULATIONS PROMULGATED BY THE COMMISSIONER OF 56 EDUCATION; A. 3563 22 1 (H) ORGANIZE OR USE AN EXISTING HUMAN RESOURCE DEVELOPMENT NETWORK 2 WITHIN THE AREA, INCLUDING A COMMITTEE OF REPRESENTATIVES OF HUMAN 3 RESOURCE AGENCIES AND ORGANIZATIONS SERVING THE AREA, ORGANIZED LABOR 4 AND BUSINESS REPRESENTATIVES, TO DEVELOP STRATEGIES AND ACTIVITIES FOR 5 IMPROVING THE COORDINATION AND DELIVERY OF HUMAN SERVICES TO RESIDENTS 6 OF THE AREA AND AREA BUSINESSES; 7 (I) PREPARE AND IMPLEMENT A SMALL BUSINESS DEVELOPMENT AND ASSISTANCE 8 PLAN; 9 (J) IN CONJUNCTION WITH AREA ADMINISTRATIVE ENTITIES, DEVELOP AND 10 IMPLEMENT A SYSTEM FOR CONTINUOUS MONITORING AND EVALUATION OF AREA 11 PERFORMANCE AT THE LOCAL LEVEL CONSISTENT WITH THE GUIDELINES SET FORTH 12 IN THIS ARTICLE; 13 (K) PROVIDE WITHIN THE AREA, OR CONTRACT WITH A NEW OR EXISTING COMMU- 14 NITY-BASED LOCAL DEVELOPMENT CORPORATION OR ENTITY TO PROVIDE, STRATEGIC 15 ECONOMIC DEVELOPMENT PLANNING FOR THE AREA, MARKETING AND PROMOTION OF 16 THE AREA, ASSISTANCE TO ENTITIES IN APPLYING FOR AVAILABLE BENEFITS, 17 PREPARATION OF APPLICATIONS FOR FINANCING ASSISTANCE AND OTHER TECHNICAL 18 ASSISTANCE SERVICES; COORDINATION OF THE DELIVERY OF STATE AND LOCAL 19 PROGRAMS WITHIN THE AREAS; AND OPERATION OF SUCH OTHER ECONOMIC DEVELOP- 20 MENT ASSISTANCE PROGRAMS IN FURTHERANCE OF THE CULTURAL DEVELOPMENT AREA 21 PLAN AS MAY BE APPROPRIATE. PROVIDED, HOWEVER, WITHIN THE AMOUNT APPRO- 22 PRIATED THEREFOR AND ALLOCATED BY THE DIRECTOR OF THE BUDGET, THE 23 COMMISSIONER, THROUGH ANNUAL ADMINISTRATIVE CONTRACTS, SHALL, TO THE 24 MAXIMUM EXTENT FEASIBLE, MAKE EQUALLY AVAILABLE FINANCIAL SUPPORT, 25 THROUGH CONTRACTS OR OTHER MEANS, TO ASSIST WITH THE ADMINISTRATIVE 26 EXPENSES OF THE LOCAL AREA ADMINISTRATIVE BODIES OR COMMUNITY-BASED 27 DEVELOPMENT ORGANIZATIONS. NO FUNDS SHALL BE MADE AVAILABLE FOR THIS 28 PURPOSE UNLESS THE AMOUNT TO BE PROVIDED HAS BEEN MATCHED BY PRIVATE OR 29 GOVERNMENTAL SOURCES, OTHER THAN STATE SOURCES, IN AMOUNTS AT LEAST 30 EQUALING THAT TO BE PROVIDED BY THE STATE. SUCH MATCHING FUNDS SHALL BE 31 EARMARKED AND USED EXCLUSIVELY FOR THE LOCAL ADMINISTRATION OF THE AREA 32 PROGRAM OR FOR ACTIVITIES OF THE AREA PROGRAM. AT LEAST FIFTY PERCENT OF 33 SUCH MATCHING FUNDS SHALL BE IN CASH, PROVIDED THAT THE COMMISSIONER MAY 34 WAIVE THIS REQUIREMENT FOR COMMUNITIES WITH POPULATIONS OF TWENTY-FIVE 35 THOUSAND OR LESS, AND PROVIDED, FURTHER, THAT ANY AMOUNTS APPROPRIATED 36 FOR MINORITY AND WOMEN-OWNED BUSINESS DEVELOPMENT WITHIN THE AREAS SHALL 37 BE DISTRIBUTED BY THE COMMISSIONER PURSUANT TO A COMPETITIVE PROPOSAL 38 SOLICITATION PROCESS. 39 (L) THE ANNUAL REPORT OF THE LOCAL CULTURAL DEVELOPMENT AREA ADMINIS- 40 TRATIVE BOARD REQUIRED BY THIS SECTION SHALL, SUBJECT TO PRIVACY LIMITA- 41 TIONS, INCLUDE, BUT NOT BE LIMITED TO A COMPLETE LIST OF ALL PROPERTY 42 WITHIN THE AREA, IF ANY, GRANTED AN EXEMPTION UNDER SECTION FOUR HUNDRED 43 EIGHTY-FIVE-E OF THE REAL PROPERTY TAX LAW, TOGETHER WITH THE ASSESSED 44 VALUE THEREOF AND THE AMOUNT OF SUCH EXEMPTION, FOR EACH MUNICIPAL 45 CORPORATION WHICH GRANTED SUCH EXEMPTION. SUCH LIST SHALL ALSO SET 46 FORTH FOR EACH MUNICIPAL CORPORATION GRANTING SUCH EXEMPTION: 47 (1) THE TAX RATE FOR THE YEAR TO WHICH THE REPORT PERTAINS; 48 (2) THE AMOUNT OF REAL PROPERTY TAX THAT WOULD HAVE BEEN PAID IN THE 49 AGGREGATE BY THE OWNERS OF REAL PROPERTY GRANTED AN EXEMPTION UNDER 50 SECTION FOUR HUNDRED EIGHTY-FIVE-E OF THE REAL PROPERTY TAX LAW IF THE 51 PROPERTY WAS FULLY TAXABLE AT THAT RATE; 52 (3) THE AMOUNT OF TAX ACTUALLY PAID IN THE AGGREGATE BY SUCH OWNERS; 53 (4) THE TOTAL INCREMENTAL VALUE, IF ANY, AS DEFINED IN SUBDIVISION (E) 54 OF SECTION NINE HUNDRED SIXTY-SEVEN OF THE GENERAL MUNICIPAL LAW, OF 55 TAXABLE REAL PROPERTY IN EACH CITY, TOWN, VILLAGE OR COUNTY WITHIN THE A. 3563 23 1 CULTURAL DEVELOPMENT AREA, TOGETHER WITH THE TOTAL AMOUNT OF TAX INCRE- 2 MENTS WHICH ARE SEGREGATED PURSUANT TO SUBDIVISION (G) OF SUCH SECTION; 3 (5) THE TOTAL DOLLAR VALUE OF THE REFUND OR CREDIT OF TAXES IMPOSED 4 PURSUANT TO THE AUTHORITY OF ARTICLE TWENTY-NINE OF THE TAX LAW ON 5 RECEIPTS FROM THE SALE OF CERTAIN MATERIALS USED IN CONSTRUCTING, 6 EXPANDING OR REHABILITATING CERTAIN BUSINESS PROPERTY LOCATED IN THE 7 CULTURAL DEVELOPMENT AREA AS AUTHORIZED BY CLAUSE SIX OF SUBDIVISION (A) 8 OF SECTION ELEVEN HUNDRED NINETEEN OF THE TAX LAW; 9 (6) THE TOTAL DOLLAR VALUE OF THE REFUND OR CREDIT OF TAXES IMPOSED 10 UNDER ARTICLE TWENTY-EIGHT OF THE TAX LAW ON RECEIPTS FROM THE SALE OF 11 MATERIALS USED IN CONSTRUCTING, EXPANDING OR REHABILITATING CERTAIN 12 BUSINESS PROPERTY LOCATED IN THE CULTURAL DEVELOPMENT AREA, AS AUTHOR- 13 IZED BY CLAUSE SIX OF SUBDIVISION (A) OF SECTION ELEVEN HUNDRED NINETEEN 14 OF THE TAX LAW; 15 (7) THE NUMBER OF TAXPAYERS CLAIMING EACH OF THE FOLLOWING TAX CREDITS 16 OR REFUNDS, TOGETHER WITH THE TOTAL AMOUNT OF EACH CREDIT CLAIMED BY 17 TAXPAYERS IN THE AGGREGATE AGAINST THEIR TAXES IN THE YEAR TO WHICH THE 18 REPORT PERTAINS, RESULTING FROM TAXPAYER ACTIVITY IN THE CULTURAL DEVEL- 19 OPMENT AREA OR INVESTMENTS MADE BY TAXPAYERS IN THE CAPITAL CORPORATION 20 ESTABLISHED FOR THAT CULTURAL DEVELOPMENT AREA: 21 (A) CREDITS AGAINST THE TAX IMPOSED UNDER ARTICLE NINE-A OF THE TAX 22 LAW, BASED ON INVESTMENTS IN CERTAIN ELIGIBLE PROPERTY IN A CULTURAL 23 DEVELOPMENT AREA, AS AUTHORIZED BY SUBDIVISIONS TWELVE-B AND TWELVE-C OF 24 SECTION TWO HUNDRED TEN OF THE TAX LAW; 25 (B) CREDITS AGAINST THE TAX IMPOSED UNDER ARTICLE TWENTY-TWO OF THE 26 TAX LAW, BASED ON INVESTMENTS IN CERTAIN ELIGIBLE PROPERTY IN THE 27 CULTURAL DEVELOPMENT AREA, AS AUTHORIZED BY SUBSECTION (J) OF SECTION 28 SIX HUNDRED SIX OF THE TAX LAW; 29 (C) CREDITS AGAINST TAXES IMPOSED UNDER ARTICLES NINE-A, TWENTY-TWO, 30 THIRTY-TWO AND THIRTY-THREE OF THE TAX LAW, BASED ON WAGES PAID TO 31 CERTAIN EMPLOYEES EMPLOYED BY A BUSINESS LOCATED IN A CULTURAL DEVELOP- 32 MENT AREA, AS AUTHORIZED BY SUBDIVISION NINETEEN OF SECTION TWO HUNDRED 33 TEN, SUBSECTION (K) OF SECTION SIX HUNDRED SIX, SUBSECTION (E) OF 34 SECTION FOURTEEN HUNDRED FIFTY-SIX AND SUBDIVISION (G) OF SECTION 35 FIFTEEN HUNDRED ELEVEN, RESPECTIVELY, OF THE TAX LAW; 36 (D) CREDITS AGAINST THE TAX LAW IMPOSED UNDER ARTICLES NINE-A, TWEN- 37 TY-TWO, THIRTY-TWO AND THIRTY-THREE OF THE TAX LAW, BASED ON INVESTMENTS 38 IN THE STOCK OF A CULTURAL DEVELOPMENT AREA CAPITAL CORPORATION, AS 39 AUTHORIZED BY SUBDIVISION TWENTY OF SECTION TWO HUNDRED TEN, SUBSECTION 40 (1) OF SECTION SIX HUNDRED SIX, SUBSECTION (D) OF SECTION FOURTEEN 41 HUNDRED FIFTY-SIX, AND SUBDIVISION (H) OF SECTION FIFTEEN HUNDRED ELEVEN 42 OF THE TAX LAW; 43 (E) THE TOTAL AMOUNT OF REDUCTIONS IN UTILITY COSTS OF NON-RETAIL 44 BUSINESS CUSTOMERS IN THE CULTURAL DEVELOPMENT AREA, AS AUTHORIZED BY 45 SUBDIVISION EIGHT OF SECTION ONE HUNDRED EIGHTY-SIX-A OF THE TAX LAW; 46 (F) A STATEMENT SUMMARIZING ALL AMOUNTS RECEIVED AS, AND EXPENDITURES 47 MADE FROM, FINANCIAL SUPPORT FOR ADMINISTRATIVE EXPENSES PURSUANT TO 48 THIS SECTION; AND 49 (G) ANY OTHER INFORMATION REGARDING CULTURAL DEVELOPMENT AREA ACTIV- 50 ITIES WHICH THE DEPARTMENT MAY REQUIRE UPON ITS OWN REQUEST OR THAT OF 51 THE DEPARTMENT OF AUDIT AND CONTROL, DEPARTMENT OF TAXATION AND FINANCE, 52 OR THE COUNCIL ON THE ARTS. 53 (8) IN ADDITION TO THE INFORMATION REQUIRED HEREINABOVE, SUCH REPORT 54 SHALL ALSO SET FORTH, WITH RESPECT TO ALL PREVIOUS YEARS FOR WHICH 55 REPORTS WERE ISSUED, A CUMULATIVE SUMMARY OF THE TOTAL AMOUNT OF REAL 56 PROPERTY TAXES THAT WOULD HAVE BEEN RECEIVED BY EACH MUNICIPAL CORPO- A. 3563 24 1 RATION WITHIN THE AREA IF THE REAL PROPERTY GRANTED AN EXEMPTION UNDER 2 SECTION FOUR HUNDRED EIGHTY-FIVE-E OF THE REAL PROPERTY TAX LAW HAD BEEN 3 FULLY TAXED AT THE TAX RATE FOR THE APPROPRIATE YEAR, THE TOTAL AMOUNT 4 OF TAX INCREMENTS SEGREGATED FOR INFRASTRUCTURE IMPROVEMENTS BY EACH 5 CITY, TOWN, VILLAGE OR COUNTY WITHIN THE AREA, THE TOTAL AMOUNT OF EACH 6 OF THE CREDITS OR REFUNDS SET FORTH IN THIS SUBDIVISION FOR ACTIVITIES 7 OR INVESTMENTS WITHIN THE AREA, AND THE TOTAL AMOUNTS RECEIVED AND 8 EXPENDITURES MADE FROM ANY FINANCIAL SUPPORT PURSUANT TO THIS SECTION. 9 (9) AT THE REQUEST OF ANY LOCAL CULTURAL DEVELOPMENT AREA ADMINISTRA- 10 TIVE BOARD, THE DEPARTMENT OF TAXATION AND FINANCE, THE DEPARTMENT OF 11 ECONOMIC DEVELOPMENT, THE PUBLIC SERVICE COMMISSION AND ANY MUNICIPAL 12 CORPORATION WITHIN THE CULTURAL DEVELOPMENT AREA SHALL, TO THE EXTENT 13 THAT IT POSSESSES ANY OF THE INFORMATION REQUIRED BY THIS SECTION, AND 14 TO THE EXTENT THAT SUCH INFORMATION CAN BE DISCLOSED WITHOUT VIOLATING 15 THE SECRECY PROVISIONS CONTAINED IN SECTIONS TWO HUNDRED TWO, TWO 16 HUNDRED ELEVEN, SIX HUNDRED NINETY-SEVEN, ELEVEN HUNDRED FORTY-SIX, 17 TWELVE HUNDRED FIFTY, FOURTEEN HUNDRED SIXTY-SEVEN AND FIFTEEN HUNDRED 18 EIGHTEEN OF THE TAX LAW, PROVIDE THAT INFORMATION TO THE LOCAL CULTURAL 19 DEVELOPMENT AREA ADMINISTRATIVE BOARD FOR INCLUSION IN ITS ANNUAL 20 REPORT. THE AMOUNT OF ANY REAL PROPERTY TAXES REQUIRED TO BE SET FORTH 21 IN THE REPORT PURSUANT TO THIS SECTION SHALL BE COMPUTED AND FURNISHED 22 TO THE AREA'S ADMINISTRATIVE BOARD BY THE MUNICIPALITY WHICH LEVIED THE 23 TAX. THE FAILURE OF ANY CULTURAL DEVELOPMENT AREA ADMINISTRATIVE BOARD 24 TO PREPARE AND SUBMIT A REPORT AS REQUIRED BY THIS SECTION SHALL MAKE 25 THE BOARD OR OTHER COMMUNITY-BASED DEVELOPMENT ORGANIZATION INELIGIBLE 26 TO RECEIVE ANY FINANCIAL SUPPORT FOR ADMINISTRATIVE EXPENSES AUTHORIZED 27 BY THIS SECTION; PROVIDED, HOWEVER, THAT SUCH FINANCIAL ASSISTANCE SHALL 28 NOT BE WITHHELD ON ACCOUNT OF THE REPORT'S FAILURE TO INCLUDE ANY INFOR- 29 MATION WHICH IS REQUIRED BY THIS SECTION BUT IS NOT AVAILABLE TO THE 30 CULTURAL DEVELOPMENT AREA ADMINISTRATIVE BOARD. 31 S 6.16. DISPOSITION OF PROPERTY. 1. NOTWITHSTANDING ANY PROVISION OF 32 ANY OTHER LAW TO THE CONTRARY, IN ORDER TO FURTHER THE PURPOSES OF THE 33 CULTURAL DEVELOPMENT AREAS PROGRAM, ANY REAL OR PERSONAL PROPERTY 34 LOCATED WITHIN A CULTURAL DEVELOPMENT AREA AND OWNED BY ANY LOCAL 35 GOVERNMENTAL ENTITY IN WHOSE JURISDICTION A CULTURAL DEVELOPMENT AREA IS 36 LOCATED, MAY BE SOLD OR LEASED FOR A TERM NOT EXCEEDING NINETY-NINE 37 YEARS TO A PRIVATE USER, A COMMUNITY-BASED ORGANIZATION, A PUBLIC BENE- 38 FIT CORPORATION OR ANY OTHER PERSON; PROVIDED, HOWEVER, THAT EACH 39 CONTRACT FOR SUCH SALE, AND EACH SUCH LEASE, SHALL OBLIGATE THE BUYER OR 40 LESSEE TO COMPLY WITH THE PROVISIONS OF THIS ARTICLE AND THE CULTURAL 41 DEVELOPMENT AREA DEVELOPMENT PLAN FILED WITH THE COMMISSIONER PURSUANT 42 TO SECTION 6.05 OF THIS ARTICLE. SUCH OBLIGATIONS CONTAINED IN A 43 CONTRACT FOR THE SALE OF REAL PROPERTY SHALL SURVIVE DELIVERY OF THE 44 DEED. A BREACH BY THE BUYER OR LESSEE OF A MATERIAL OBLIGATION OF SUCH 45 CONTRACT OR LEASE SHALL, IN ADDITION TO ANY OTHER REMEDIES AVAILABLE TO 46 THE SELLER OR LESSOR UNDER THE CONTRACT, TERMINATE THE ELIGIBILITY OF 47 THE BUYER OR LESSEE FOR ANY BENEFITS PROVIDED IN THIS ARTICLE. 48 2. ANY REAL OR PERSONAL PROPERTY OWNED BY ANY LOCAL GOVERNMENTAL ENTI- 49 TY OR THE STATE AND LOCATED WITHIN A CULTURAL DEVELOPMENT AREA MAY BE 50 SOLD OR LEASED TO ANY PERSON PURSUANT TO THIS SECTION WITHOUT PUBLIC 51 BIDDING OR PUBLIC SALE; PROVIDED, HOWEVER, THAT THERE IS PUBLISHED IN AT 52 LEAST ONE NEWSPAPER OF GENERAL CIRCULATION IN THE MUNICIPALITY IN WHICH 53 THE CULTURAL DEVELOPMENT AREA IS LOCATED A NOTICE WHICH SHALL INCLUDE A 54 STATEMENT OF THE IDENTITY OF THE PROPOSED PURCHASER OR LESSEE AND A 55 DESCRIPTION OF ITS PROPOSED USE OR RE-USE OF THE PROPERTY, THE PRICE OR 56 RENTAL TO BE PAID BY SUCH PURCHASER OR LESSEE, ALL OTHER ESSENTIAL A. 3563 25 1 CONDITIONS OF SUCH SALE OR LEASE, AND A STATEMENT THAT A PUBLIC HEARING 2 UPON SUCH SALE OR LEASE WILL BE HELD BY THE SELLER OR LESSOR OF THE 3 PROPERTY AT A SPECIFIED TIME AND PLACE ON A DATE NOT LESS THAN TEN DAYS 4 NOR MORE THAN THIRTY DAYS AFTER SUCH PUBLICATION, AND PROVIDED FURTHER 5 THAT SUCH PUBLIC HEARING IS HELD IN ACCORDANCE WITH SUCH NOTICE. 6 S 6.17. TERMINATION OR REVISION OF A CULTURAL DEVELOPMENT AREA. 1. 7 EXCEPT AS PROVIDED IN THIS SECTION, ANY DESIGNATION OF AN AREA AS A 8 CULTURAL DEVELOPMENT AREA SHALL REMAIN IN EFFECT DURING THE PERIOD 9 BEGINNING ON THE DATE OF DESIGNATION AND ENDING FIVE YEARS LATER. THE 10 COMMISSIONER MAY REVOKE A DESIGNATION PRIOR TO SUCH DATE IF HE OR SHE 11 FINDS THAT A PUBLIC INTEREST IS NOT BEING SERVED BY THE CULTURE AREA, OR 12 THAT PROPOSED PROJECTS IN THE AREA HAVE NOT BEEN COMPLETED OR ARE NOT 13 ADEQUATELY NEAR COMPLETION WITHIN THREE YEARS OF THE DATE OF DESIG- 14 NATION. 15 2. AFTER CONSULTATION WITH THE DIRECTOR OF THE BUDGET AND THE CHAIR- 16 PERSON OF THE COUNCIL ON THE ARTS, THE COMMISSIONER MAY TERMINATE THE 17 DESIGNATION OF AN AREA AS A CULTURAL DEVELOPMENT AREA UPON A FINDING 18 THAT: 19 (A) THE APPLICANT HAS FAILED SUBSTANTIALLY TO IMPLEMENT THE CULTURAL 20 DEVELOPMENT AREA DEVELOPMENT PLAN WITHIN THE TIME STATED THEREIN; 21 (B) THERE HAS BEEN NO SUBSTANTIAL BUSINESS DEVELOPMENT OR JOB CREATION 22 WITHIN THE AREA DESIGNATED AS A CULTURAL DEVELOPMENT AREA WITHIN FIVE 23 YEARS AFTER SUCH DESIGNATION; 24 (C) THERE HAS BEEN INADEQUATE MANAGEMENT AND EVALUATION OF THE AREA AT 25 THE LOCAL LEVEL; OR 26 (D) THE APPLICANT HAS REPEATEDLY FAILED TO COMPLY WITH PROGRAM REPORT- 27 ING REQUIREMENTS, 28 PROVIDED, HOWEVER, THAT NO TERMINATION SHALL OCCUR UNLESS AND UNTIL 29 WRITTEN NOTICE HAS BEEN GIVEN TO THE APPLICANT AND A PUBLIC HEARING HAS 30 BEEN HELD THIRTY DAYS PRIOR TO THE EFFECTIVE DATE OF SUCH TERMINATION. 31 3. THE GOVERNING BODY OF A CITY, COUNTY, TOWN OR VILLAGE MAY, BY 32 RESOLUTION, SUBMIT TO THE COMMISSIONER A REQUEST TO REVISE THE BOUNDA- 33 RIES OF AN EXISTING CULTURAL DEVELOPMENT AREA. THE COMMISSIONER MAY, 34 AFTER CONSULTATION WITH THE COMMISSIONER OF LABOR, APPROVE SUCH REVISION 35 SUBJECT TO THE FOLLOWING PROVISIONS: 36 (A) ANY REVISION OF THE BORDERS OF A CULTURAL DEVELOPMENT AREA SHALL 37 BE BASED UPON A DETERMINATION BY THE COMMISSIONER THAT A CHANGE IN 38 CIRCUMSTANCES HAS OCCURRED SINCE THE ESTABLISHMENT OF THE EXISTING 39 BORDERS WHICH MAKES REVISION OF SUCH BORDERS NECESSARY OR DESIRABLE. 40 (B) THE COMMISSIONER SHALL AFFIRM THAT SUCH REVISION WOULD NOT HAVE 41 THE EFFECT OF PRODUCING A CULTURAL DEVELOPMENT AREA WHICH DOES NOT 42 SATISFY THE CRITERIA FOR CULTURAL DEVELOPMENT AREA DESIGNATION ESTAB- 43 LISHED BY OR PURSUANT TO THIS ARTICLE. 44 (C) THE COMMISSIONER MAY GRANT APPROVAL OF REVISION OF THE BORDERS OF 45 A CULTURAL DEVELOPMENT AREA WITHOUT PUBLIC NOTICE AND WITHOUT HEARING IF 46 SUCH REVISION ADDS TERRITORY TO AN EXISTING CULTURAL DEVELOPMENT AREA 47 BUT DOES NOT REMOVE TERRITORY FROM SUCH AREA. 48 (D) THE COMMISSIONER MAY GRANT APPROVAL OF A REVISION OF THE BORDERS 49 OF A CULTURAL DEVELOPMENT AREA AFTER PUBLIC NOTICE OF SUCH PROPOSED 50 REVISION AND A PUBLIC HEARING AT LEAST THIRTY DAYS PRIOR TO THE EFFEC- 51 TIVE DATE OF SUCH REVISION, IF SUCH REVISION REMOVES TERRITORY FROM AN 52 EXISTING CULTURAL DEVELOPMENT AREA. 53 (E) THE REVISION OF THE BORDERS OF A CULTURAL DEVELOPMENT AREA SHALL 54 HAVE NO EFFECT ON THE DURATION OF THE DESIGNATION OF SUCH CULTURAL 55 DEVELOPMENT AREA AS PROVIDED BY SUBDIVISION ONE OF THIS SECTION. A. 3563 26 1 (F) ANY REQUEST TO REVISE THE BOUNDARIES OF AN EXISTING CULTURAL 2 DEVELOPMENT AREA SUBMITTED TO THE COMMISSIONER ON OR AFTER JANUARY 3 FIFTEENTH, TWO THOUSAND TWELVE SHALL NOT RESULT IN THE FINAL DESIGNATION 4 OF LESS THAN FIFTY PERCENT OF THE EXISTING AREA'S UNDESIGNATED ACREAGE 5 ON OR AFTER SUCH DATE IN MORE THAN THREE NONCONTIGUOUS AREAS. ANY 6 REQUEST BY AN EXISTING AREA TO THE COMMISSIONER FOR THE DESIGNATION OF 7 UP TO TWENTY-FIVE PERCENT OF THE EXISTING AREA'S REMAINING UNDESIGNATED 8 ACREAGE ON OR AFTER SUCH DATE SHALL DEMONSTRATE THAT THE PROPOSED ACRE- 9 AGE OFFERS A SIGNIFICANT CONTRIBUTION TO THE ECONOMIC REVITALIZATION OF 10 THE AREA AND SURROUNDING AREA, TO INCLUDE THE CREATION OR RETENTION OF 11 PRIVATE SECTOR JOBS, OR A PLAN TO DEMONSTRATE THAT THE CAPITAL, HUMAN 12 RESOURCE, OR OTHER INVESTMENT BY BUSINESSES LOCATED WITHIN THE PROPOSED 13 ACREAGE WILL APPROXIMATE FIFTY PERCENT OF THE PROJECTED AGGREGATE AMOUNT 14 OF AREA BENEFITS TO BE RECEIVED BY THE CERTIFIED ENTITY LOCATED WITHIN 15 THE PROPOSED ACREAGE DURING THE FIRST TWELVE MONTHS FOLLOWING SUCH 16 DESIGNATION; AND THAT THE PROPOSED ACREAGE IS SERVICED, OR WILL BE 17 SERVICED, BY PUBLIC TRANSPORTATION AVAILABLE TO AREA OR COMMUNITY RESI- 18 DENTS, OR OTHER PROSPECTIVE EMPLOYEES, IN THOSE AREAS WHERE A PUBLIC 19 TRANSPORTATION SYSTEM ALREADY EXISTS AND WHERE SUCH SERVICE IS ECONOM- 20 ICALLY FEASIBLE; BUT ONLY AFTER PUBLIC NOTICE OF SUCH PROPOSED REVISION 21 AND A PUBLIC HEARING AT LEAST THIRTY DAYS PRIOR TO THE EFFECTIVE DATE OF 22 SUCH REVISION. PROVIDED, HOWEVER, IF AN EXISTING AREA DEMONSTRATES THAT 23 A PROJECT WHICH WILL ENHANCE THE ECONOMIC REVITALIZATION OF THE AREA AND 24 BENEFIT AREA RESIDENTS CANNOT BE INCLUDED WITHIN ONE OF THE THREE 25 NONCONTIGUOUS AREAS, AND UPON THE COMMISSIONER'S DETERMINATION THAT 26 INCLUSION OF SUCH ADDITIONAL NONCONTIGUOUS LANDS POSES SIGNIFICANT 27 POTENTIAL FOR ECONOMIC DEVELOPMENT, TO INCLUDE JOB CREATION OF NO LESS 28 THAN THREE HUNDRED NEW JOBS, MORE THAN TWENTY-FIVE PERCENT OF THE EXIST- 29 ING AREA'S UNDESIGNATED ACREAGE ON OR AFTER JANUARY FIFTEENTH, TWO THOU- 30 SAND ELEVEN CAN BE USED IN MORE THAN THREE NONCONTIGUOUS AREAS, BUT ONLY 31 AFTER PUBLIC NOTICE OF SUCH PROPOSED REVISION AND A PUBLIC HEARING AT 32 LEAST THIRTY DAYS PRIOR TO THE EFFECTIVE DATE OF SUCH REVISION. 33 (G) ANY REQUEST TO REVISE THE BOUNDARIES OF A NEW CULTURAL DEVELOPMENT 34 AREA SUBMITTED TO THE COMMISSIONER SHALL NOT RESULT IN THE FINAL DESIG- 35 NATION OF LESS THAN FIFTY PERCENT OF THE NEW AREA'S UNDESIGNATED ACREAGE 36 IN MORE THAN THREE NONCONTIGUOUS AREAS. ANY REQUEST BY A NEW AREA TO THE 37 COMMISSIONER FOR THE DESIGNATION OF UP TO TWENTY-FIVE PERCENT OF THE NEW 38 AREA'S REMAINING UNDESIGNATED ACREAGE SHALL DEMONSTRATE THAT: THE 39 PROPOSED ACREAGE OFFERS A SIGNIFICANT CONTRIBUTION TO THE ECONOMIC REVI- 40 TALIZATION OF THE AREA AND SURROUNDING AREA, TO INCLUDE THE CREATION OR 41 RETENTION OF PRIVATE SECTOR JOBS, OR A PLAN TO DEMONSTRATE THAT THE 42 CAPITAL, HUMAN RESOURCE, OR OTHER INVESTMENT BY BUSINESSES LOCATED WITH- 43 IN THE PROPOSED ACREAGE WILL APPROXIMATE FIFTY PERCENT OF THE PROJECTED 44 AGGREGATE AMOUNT OF AREA BENEFITS TO BE RECEIVED BY THE CERTIFIED BUSI- 45 NESSES LOCATED WITHIN THE PROPOSED ACREAGE DURING THE FIRST TWELVE 46 MONTHS FOLLOWING SUCH DESIGNATION; AND THAT THE PROPOSED ACREAGE IS 47 SERVICED, OR WILL BE SERVICED, BY PUBLIC TRANSPORTATION AVAILABLE TO 48 AREA OR COMMUNITY RESIDENTS, OR OTHER PROSPECTIVE EMPLOYEES, IN THOSE 49 AREAS WHERE A PUBLIC TRANSPORTATION SYSTEM ALREADY EXISTS AND WHERE SUCH 50 SERVICE IS ECONOMICALLY FEASIBLE; BUT ONLY AFTER PUBLIC NOTICE OF SUCH 51 PROPOSED REVISION AND A PUBLIC HEARING AT LEAST THIRTY DAYS PRIOR TO THE 52 EFFECTIVE DATE OF SUCH REVISION. PROVIDED, HOWEVER, IF A NEW AREA DEMON- 53 STRATES THAT A PROJECT WHICH WILL ENHANCE THE ECONOMIC REVITALIZATION OF 54 THE AREA AND BENEFIT AREA RESIDENTS CANNOT BE INCLUDED WITHIN ONE OF THE 55 THREE NONCONTIGUOUS AREAS, AND UPON THE COMMISSIONER'S DETERMINATION 56 THAT INCLUSION OF SUCH ADDITIONAL NONCONTIGUOUS LANDS POSES SIGNIFICANT A. 3563 27 1 POTENTIAL FOR ECONOMIC DEVELOPMENT, TO INCLUDE JOB CREATION OF NO LESS 2 THAN THREE HUNDRED NEW JOBS, MORE THAN TWENTY-FIVE PERCENT OF THE NEW 3 AREA'S UNDESIGNATED ACREAGE CAN BE USED IN MORE THAN THREE NONCONTIGUOUS 4 AREAS, BUT ONLY AFTER PUBLIC NOTICE OF SUCH PROPOSED REVISION AND A 5 PUBLIC HEARING AT LEAST THIRTY DAYS PRIOR TO THE EFFECTIVE DATE OF SUCH 6 REVISION. 7 (H) IT IS THE POLICY TO ALLOW EACH AREA NO MORE THAN ONE BOUNDARY 8 AMENDMENT WITHIN A TWELVE MONTH PERIOD. IF, HOWEVER, THERE IS A CHANGE 9 IN CIRCUMSTANCES INVOLVING EXTENUATING FACTORS WITHIN THE YEAR (SUCH AS 10 THE ATTRACTION/RETENTION OF A MAJOR POTENTIAL/AREA EMPLOYER, WHICH IS 11 CONSISTENT WITH THE AREA'S DEVELOPMENT GOALS), THE REQUEST WILL BE 12 CONSIDERED. 13 (I) UPON THE TERMINATION OR REVISION OF THE BORDERS OF A CULTURAL 14 DEVELOPMENT AREA AS PROVIDED IN THIS SECTION, THE COMMISSIONER SHALL 15 FILE NOTICE OF SUCH ACTION AS REQUIRED BY SECTION NINE HUNDRED 16 FIFTY-NINE OF THE GENERAL MUNICIPAL LAW. 17 S 6.18. RESCINDING OF LOCAL INCENTIVES. SHOULD A CERTIFIED ARTS 18 CORPORATION IN A CDA BE DECERTIFIED, ANY LOCAL INCENTIVE PROVIDED BY 19 SUCH MUNICIPALITY MAY BE RESCINDED BY LOCAL LAW OR RESOLUTION BY THE 20 GOVERNING BODY OF SUCH MUNICIPALITY, NOTWITHSTANDING SUBDIVISION FIVE OF 21 SECTION FOUR HUNDRED EIGHTY-FIVE-E OF THE REAL PROPERTY TAX LAW. 22 S 3. This act shall take effect immediately.