New York A 2298: Makes various provisions to reform local development corporations and industrial development agencies: conflicts of interest, standard tax exemption policies, etc.

Bill Text

STATE OF NEW YORK
        ________________________________________________________________________
                                          2298
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    January 17, 2017
                                       ___________
        Introduced  by  M. of A. MAYER, SIMON, SEAWRIGHT, MONTESANO -- 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   be made []  appraisal,  public  notice,  (except  asshallwithoutwith an
     7  provided  in  subparagraph  (4)  ) [] of  this paragraphorand 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  ] case  of  adevelopment corporation; provided,  however,  that  in.  In
    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 boroughcommunity board or
    15   in which such real  prop-boards for the community district or districts
    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-
         EXPLANATION--Matter in  (underscored) is new; matter in bracketsitalics
                              [] is old law to be omitted. 
                                                                   LBD02862-01-7

        A. 2298                             2
     1  erations, to the maximum extent practicable, minimize or  avoid  adverse
     2  economic  effects,  including  effects  revealed  in the economic impact
     3  statement process. Such a statement shall include a  detailed  statement
     4  setting forth the following:
     5    (A)  a  description of the proposed action and its economic and social
     6  setting;
     7    (B) the economic and social impact of the proposed  action,  including
     8  short-term and long-term effects, especially to the affected community;
     9    (C)  any  adverse  economic effects which cannot be avoided should the
    10  proposal be implemented;
    11    (D) alternatives to the proposed action;
    12    (E)  any  irreversible  and  irretrievable  commitments   and   social
    13  resources  which  would be involved in the proposed action, should it be
    14  implemented;
    15    (F) mitigation measures proposed to minimize the economic, social,  or
    16  other essential impacts; and
    17    (G) the growth-inducing aspects of the proposed action, where applica-
    18  ble  and  significant.  Such  a statement shall also include copies or a
    19  summary of the substantive comments received by the corporation pursuant
    20  to clause (IV) of this subparagraph and the  corporation's  response  to
    21  such comments. The purpose of an economic impact statement is to provide
    22  detailed  information about the effect which a proposed action is likely
    23  to have on the economy, employment  conditions,  and  social  character-
    24  istics of a community, to list ways in which any adverse effects of such
    25  an  action  might  be  minimized, and to suggest alternatives to such an
    26  action so as to form the basis for a decision as to whether  or  not  to
    27  undertake  or approve such action. Such statement shall be clearly writ-
    28  ten in a concise manner capable of being  read  and  understood  by  the
    29  public, shall deal with the specific, significant economic impac