New York S 5171: Relates to preventing the use of funds, financial incentives, subsidies or tax exemptions for projects with non-public occupants

Bill Text

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S05171 Summary:

BILL NOS05171 

&nbsp

SAME ASSAME AS A05261

&nbsp

SPONSORSKOUFIS

&nbsp

COSPNSRKRUEGER, MAYER

&nbsp

MLTSPNSR

&nbsp

Amd §§862 & 874, Gen Muni L

&nbsp

Prevents the use of funds, financial incentives, subsidies or tax exemptions for projects where the occupier of the project is not disclosed.

Go to top S05171 Actions:

BILL NOS05171 

&nbsp

02/19/2025REFERRED TO LOCAL GOVERNMENT

01/07/2026REFERRED TO LOCAL GOVERNMENT

Go to topS05171 Committee&nbspVotes:

Go to topS05171 Floor&nbspVotes:

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

Go to topS05171 Text:

 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

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