Bill Text: NY S04843 | 2025-2026 | General Assembly | Introduced
Bill Title: Authorizes payment of additional state aid for certain state-leased or state-owned lands.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2025-02-13 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S04843 Detail]
Download: New_York-2025-S04843-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 4843 2025-2026 Regular Sessions IN SENATE February 13, 2025 ___________ Introduced by Sen. FAHY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the public lands law, in relation to certain state- leased or state-owned lands The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 19-a of the public lands law is amended by adding a 2 new subdivision 2-b to read as follows: 3 2-b. (1) Notwithstanding any provision of this section to the contra- 4 ry, in addition to state aid otherwise payable pursuant to this section, 5 there shall be payable to any city located in a county in which there 6 has been constructed a state office building project known as the W. 7 Averell Harriman State Office Building Campus (more specifically identi- 8 fied on the assessment roll of such city as section, lot and block 9 numbers 53.00-1-2 and 53.00-1-9, respectively), state aid payable annu- 10 ally, in an amount equal to 1.75 percent of such aggregate assessed 11 values of such state office building project as it appeared on the two 12 thousand nine final assessment roll of such city. 13 (2) Such payments shall be for city purposes only, and shall begin on 14 June first, two thousand twenty-five and shall be payable for a period 15 of ten years. For greater certainty, such city's assessments for the 16 properties described in paragraph one of this subdivision are to remain 17 at such two thousand nine total assessed values, i.e. six hundred 18 sixty-three million nine hundred fifty thousand nine hundred dollars and 19 ten million four hundred nineteen thousand six hundred dollars, respec- 20 tively, throughout such ten year period, provided, however, if any 21 portion of the property is sold by the state of New York during this 22 period, then the sale price of such sale shall be deducted from its 23 appropriate above referenced total assessed value on the next succeeding 24 assessment roll, and such reduced total assessed value shall become the 25 new basis for determining the annual payment for that and each succeed- 26 ing year thereafter. 27 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09553-01-5
