New York State Assembly

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A05268 Summary:

BILL NO	A05268
SAME AS	SAME AS S04720
SPONSOR	Nolan
COSPNSR
MLTSPNSR
Amd S859-a, Gen Muni L
Requires taxing jurisdiction approval of payments in lieu of taxes and requires such approval or denial to be provided within sixty days of a public hearing.

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A05268 Actions:

BILL NO	A05268
02/21/2013	referred to local governments
01/08/2014	referred to local governments

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A05268 Floor Votes:

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A05268 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5268
 
                               2013-2014 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 21, 2013
                                       ___________
 
        Introduced  by M. of A. NOLAN -- read once and referred to the Committee
          on Local Governments
 
        AN ACT to amend the general municipal  law,  in  relation  to  requiring
          taxing jurisdiction approval of payments in lieu of taxes
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

 
     1    Section 1. Section 859-a of the general municipal law  is  amended  by
     2  adding a new subdivision 4 to read as follows:
     3    4.  The agency must secure authorization to offer a payment in lieu of
     4  taxes agreement that reduces the affected  tax  jurisdiction's  property
     5  tax  levy from the affected tax jurisdiction. Denial or approval of such
     6  authorization shall be provided within sixty days of the public  hearing
     7  required pursuant to subdivision two of this section.
     8    § 2. This act shall take effect immediately.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08853-01-3

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