Bill Text: NY A04126 | 2011-2012 | General Assembly | Introduced

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Bill Title: Provides that downtown business revitalization zones shall be eligible for empire zone designation.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced - Dead) 2012-01-04 - referred to economic development [A04126 Detail]

Download: New_York-2011-A04126-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4126
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 1, 2011
                                      ___________
       Introduced  by  M.  of  A.  ENGLEBRIGHT -- read once and referred to the
         Committee on Economic Development
       AN ACT to amend the general municipal law, in relation to providing  for
         downtown  business revitalization zones to be eligible for empire zone
         designation
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Section  958  of  the general municipal law is amended by
    2  adding a new subdivision (a-1) to read as follows:
    3    (A-1) NOTWITHSTANDING ANY OTHER PROVISION OF LAW,  LOCALLY  DESIGNATED
    4  DOWNTOWN  BUSINESS  REVITALIZATION  ZONES  CHARACTERIZED BY HIGH VACANCY
    5  RATES, VANDALISM AND DETERIORATED BUILDINGS AND INFRASTRUCTURE SHALL  BE
    6  DEEMED  TO  BE ELIGIBLE FOR EMPIRE ZONE DESIGNATION SUBJECT TO ANY REGU-
    7  LATIONS BY THE COMMISSIONER TO CONFORM SUCH INCLUSION WITH THE  PURPOSES
    8  OF THIS ARTICLE.
    9    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD06079-01-1