New York S 5543: Relates to industrial development agencies

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S05543 Summary:

BILL NOS05543 

&nbsp

SAME ASSAME AS A06625

&nbsp

SPONSORMAYER

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §859-a, add §§859-c & 859-d, Gen Muni L

&nbsp

Relates to industrial development agencies; relates to such agencies' representation, public hearings, notices of agenda, and school board reporting.

Go to top S05543 Actions:

BILL NOS05543 

&nbsp

02/24/2025REFERRED TO LOCAL GOVERNMENT

01/07/2026REFERRED TO LOCAL GOVERNMENT

Go to topS05543 Committee&nbspVotes:

Go to topS05543 Floor&nbspVotes:

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

Go to topS05543 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5543

 2025-2026 Regular Sessions

 IN SENATE

 February 24, 2025
 ___________

 Introduced by Sen. 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 industrial
 development agencies

 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, as added by
 2 chapter 356 of the laws of 1993, subdivision 1-a as amended and subdivi-
 3 sion 7 as added by chapter 32 of the laws of 2023, subdivisions 4, 5 and
 4 6 as added by chapter 563 of the laws of 2015 and paragraph (b) of
 5 subdivision 5 as amended by section 7 of part X of chapter 59 of the
 6 laws of 2021, is amended to read as follows:
 7 § 859-a. Additional prerequisites to the provisions of financial
 8 assistance or payments in lieu of taxes. Prior to providing any finan-
 9 cial assistance or payments in lieu of taxes of more than one hundred
 10 thousand dollars to any project, the agency must comply with the follow-
 11 ing prerequisites:
 12 1. The agency must adopt a resolution describing the project and the
 13 financial assistance or payments in lieu of taxes that the agency is
 14 contemplating with respect to such project. Such assistance or payments
 15 in lieu of taxes shall be consistent with the uniform tax exemption
 16 policy adopted by the agency pursuant to subdivision four of section
 17 eight hundred seventy-four of this [chapter] title, unless the agency
 18 has followed the procedures for deviation from such policy specified in
 19 paragraph (b) of such subdivision.
 20 1-a. The agency shall deliver a copy of the resolution adopted pursu-
 21 ant to subdivision one of this section by certified mail, return receipt
 22 requested or an electronic correspondence with a read-receipt, to the
 23 chief executive officer of each affected local taxing jurisdiction. When
 24 the affected local taxing jurisdiction is a school district, the agency
 25 shall deliver a copy of such resolution by certified mail, return

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08491-01-5

 S. 5543 2

 1 receipt requested or an electronic correspondence with a read-receipt,
 2 to the district clerk and district superintendent of each affected
 3 school district.
 4 2. The agency must hold a public hearing with respect to the project
 5 and the proposed financial assistance or payments in lieu of taxes being
 6 contemplated by the agency. Said public hearing shall be held in a city,
 7 town or village where the project proposes to locate. At said public
 8 hearing, interested parties shall be provided reasonable opportunity,
 9 both orally and in writing, to present their views with respect to the
 10 project.
 11 3. The agency must give at least ten days published notice of said
 12 public hearing and shall, at the same time, provide notice of such hear-
 13 ing to the chief executive officer of each affected tax jurisdiction
 14 within which the project is located, each school board president and
 15 superintendent of each school district within which the project is
 16 located, and to all state senators and members of the state assembly who
 17 represent any portion of any affected tax jurisdiction that is subject
 18 to the proposed financial assistance or payments in lieu of taxes. The
 19 notice of hearing must state the time and place of the hearing, contain
 20 a general, functional description of the project, descr