Bill Text: NY A09629 | 2015-2016 | General Assembly | Introduced

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Bill Title: Makes various provisions to reform local development corporations and industrial development agencies: conflicts of interest, standard tax exemption policies, municipal input, more information to be made public, economic impact statements, public hearings, and payment of prevailing wages.

Spectrum: Slight Partisan Bill (Democrat 3-1)

Status: (Introduced - Dead) 2016-03-23 - referred to local governments [A09629 Detail]

Download: New_York-2015-A09629-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          9629
                   IN ASSEMBLY
                                     March 23, 2016
                                       ___________
        Introduced  by M. of A. MAYER -- read once and referred to the Committee
          on Local Governments
        AN ACT to amend the  not-for-profit  corporation  law  and  the  general
          municipal law, in relation to reforming local development corporations
          and industrial development agencies
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subparagraphs 2 and 3 of paragraph (d) of section  1411  of
     2  the  not-for-profit  corporation  law are amended and a new subparagraph
     3  2-a is added to read as follows:
     4    (2)  Notwithstanding the provisions of any general, special, or  local
     5  law,  charter,  or  ordinance  to the contrary, such sale or lease [may]
     6  shall be made [without] with an appraisal,  public  notice,  (except  as
     7  provided  in  subparagraph  (4)  of  this paragraph) [or] and subject to
     8  public bidding for such price or rental [and upon such terms as  may  be
     9  agreed  upon  between  the  county, city, town or village and said local
    10  development corporation; provided,  however,  that  in].  In case  of  a
    11  lease, the term may not exceed ninety-nine years; and provided, further,
    12  that, in cities having a population of one million or more, no such sale
    13  or lease shall be made without the approval of a majority of the members
    14  of  the  [borough  improvement  board of the borough] community board or
    15  boards for the community district or districts in which such real  prop-
    16  erty  is located and the respective borough board, if such real property
    17  is located in two or more community districts.
    18    (2-a) (I) The corporation shall prepare or cause to  be  prepared,  by
    19  contract  or  otherwise, an economic impact statement on any action that
    20  it proposes or approves which may  have  a  significant  effect  on  the
    21  affected  local  economy  and local community. The corporation shall use
    22  all practicable means to realize the policies and  goals  set  forth  in
    23  this  section,  and  shall act and choose alternatives which, consistent
    24  with social, economic, environmental, labor, and other essential consid-
    25  erations, to the maximum extent practicable, minimize or  avoid  adverse
    26  economic  effects,  including  effects  revealed  in the economic impact
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03361-03-6