S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

                                         6519

                              2009-2010 Regular Sessions

                                 I N  A S S E M B L Y

                                     March 6, 2009
                                      ___________

       Introduced by M. of A. GIGLIO -- read once and referred to the Committee
         on Corporations, Authorities and Commissions

       AN ACT to amend the public authorities law, in relation to requiring the
         state  to make certain payments in lieu of taxes on certain real prop-
         erty owned by the Chautauqua, Cattaraugus, Allegany and Steuben south-
         ern tier extension railroad authority

         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section  1.  Subdivision 3 of section 2642-h of the public authorities
    2  law, as added by chapter 75 of the laws of 2000, is amended to  read  as
    3  follows:
    4    3.  The authority may pay, or may enter into agreements with any muni-
    5  cipality, including school districts, to pay, a sum or sums annually  or
    6  otherwise  or to provide other considerations with respect to real prop-
    7  erty owned by the authority located within such municipality;  PROVIDED,
    8  HOWEVER,  THAT  NOTWITHSTANDING ANY OTHER PROVISION OF THIS ARTICLE, THE
    9  STATE  SHALL  ENTER  INTO  AGREEMENTS  WITH  MUNICIPALITIES  AND  SCHOOL
   10  DISTRICTS  TO  MAKE  ANNUAL  PAYMENTS IN LIEU OF TAXES EQUAL TO THE REAL
   11  PROPERTY TAXES AND ASSESSMENTS WHICH WOULD HAVE OTHERWISE BEEN PAID  FOR
   12  THE   REAL  PROPERTY  OWNED  BY  THE  AUTHORITY  WHICH  CONSTITUTES  THE
   13  NORTH-SOUTH RAILROAD LINE OF SUCH AUTHORITY FROM MACHIAS JUNCTION TO THE
   14  BORDER WITH THE COMMONWEALTH, HAD SUCH REAL PROPERTY NOT BEEN  OWNED  BY
   15  THE AUTHORITY.
   16    S 2. This act shall take effect immediately.



        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD05180-01-9