New York A 10157: Extends the term and authority of the independent monitor for the Orange county industrial development agency and modifies the applicability of certain tax exemptions based on population

Bill Text

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A10157 Summary:

BILL NOA10157 

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SAME ASSAME AS S09052

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SPONSORJacobson

&nbsp

COSPNSREachus, Kay

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MLTSPNSR

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Amd §§912 & 912-b, ren §912 to be §912-b, Gen Muni L; amd §54, Exec L; amd Part III §3, Chap 58 of 2023

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Extends the term and authority of the independent monitor for the Orange county industrial development agency; requires such monitor also monitor the Orange county funding corporation; modifies the applicability of certain tax exemptions based on population; extends provisions of law related to the independent monitor for the Orange county industrial development agency.

Go to top A10157 Actions:

BILL NOA10157 

&nbsp

02/12/2026referred to local governments

Go to topA10157 Committee&nbspVotes:

Go to topA10157 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA10157 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10157

 IN ASSEMBLY

 February 12, 2026
 ___________

 Introduced by M. of A. JACOBSON, EACHUS, KAY -- read once and referred
 to the Committee on Local Governments

 AN ACT to amend the general municipal law and the executive law, in
 relation to extending the term and authority of the independent moni-
 tor for the Orange county industrial development agency, and modifying
 the applicability of certain tax exemptions based on population; to
 amend part III of chapter 58 of the laws of 2023, amending the general
 municipal law and the executive law relating to directing the state
 inspector general to appoint an independent monitor for the Orange
 county industrial development agency, in relation to the effectiveness
 thereof; and providing for the repeal of certain provisions upon the
 expiration thereof

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision 5 of section 912 of the general municipal law,
 2 as added by section 1 of part III of chapter 58 of the laws of 2023, is
 3 renumbered subdivision 8.
 4 § 2. Section 912 of the general municipal law, as amended by section 1
 5 of part III of chapter 58 of the laws of 2023 and subdivision 8 as
 6 renumbered by section one of this act, is renumbered section 912-b and
 7 amended to read as follows:
 8 § 912-b. Orange county industrial development agency. 1. For the bene-
 9 fit of the county of Orange and the inhabitants thereof, an industrial
 10 development agency, to be known as the ORANGE COUNTY INDUSTRIAL DEVELOP-
 11 MENT AGENCY, is hereby established for the accomplishment of any or all
 12 of the purposes specified in title one of this article. It shall consti-
 13 tute a body corporate and politic, and be perpetual in duration. It
 14 shall have the powers and duties now or hereafter conferred by title one
 15 of this article upon industrial development agencies. It shall be organ-
 16 ized in a manner prescribed by and be subject to the provisions of title
 17 one of this article. Its members shall be appointed by the governing
 18 body of the county of Orange. The agency, its members, officers and
 19 employees and its operations and activities shall in all respects be
 20 governed by the provisions of title one of this article.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14538-03-6

 A. 10157 2

 1 2. For purposes of this section[,]:
 2 (a) "financial assistance" shall mean any financial assistance offered
 3 by the Orange county industrial development agency for any project,
 4 including but not limited to, a payment in lieu of taxes agreement, an
 5 agreement to waive sales tax, or an agreement to waive mortgage record-
 6 ing taxes.
 7 (b) "monitor" shall mean the independent monitor appointed by the
 8 state inspector general under paragraph (a) of subdivision three of this
 9 section.
 10 3. (a) In accordance with the powers of the office of the state
 11 inspector general established by subdivision eight of section fifty-four
 12 of the executive law, the state inspector general shall appoint an inde-
 13 pendent monitor to carry out the provisions of this section including
 14 but not limited to providing guidance and technical assistance related
 15 to the policies, practices