STATE OF NEW YORK
________________________________________________________________________
5171
2025-2026 Regular Sessions
IN SENATE
February 19, 2025
___________
Introduced by Sens. SKOUFIS, KRUEGER, MAYER -- read twice and ordered
printed, and when printed to be committed to the Committee on Local
Government
AN ACT to amend the general municipal law, in relation to preventing the
use of funds, financial incentives, subsidies or tax exemptions for
project occupants which are not public
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 862 of the general municipal law is amended by
2 adding a new subdivision 3 to read as follows:
3 (3) No funds, financial incentives or subsidies of the agency shall be
4 used in respect of any project in which the project occupant as defined
5 in section eighteen hundred one of the public authorities law is not
6 publicly disclosed at the time of the public hearing for the project
7 required by subdivision two of section eight hundred fifty-nine-a of
8 this title.
9 § 2. Section 874 of the general municipal law is amended by adding a
10 new subdivision 13 to read as follows:
11 (13) No tax exemptions shall be granted to any project if the project
12 occupant as defined in section eighteen hundred one of the public
13 authorities law is not publicly disclosed at the time of the public
14 hearing for the project required by subdivision two of section eight
15 hundred fifty-nine-a of this title.
16 § 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08907-01-5
