New York S 4980: Relates to the preservation of regionally significant projects with respect to agencies drawing on funds for new building projects

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 
S04980 Summary:

BILL NOS04980 

&nbsp

SAME ASSAME AS A10044

&nbsp

SPONSORMARTINEZ

&nbsp

COSPNSRWEBB

&nbsp

MLTSPNSR

&nbsp

Amd §862, Gen Muni L

&nbsp

Expands the law to include the preservation of regionally significant projects with respect to agencies drawing on funds for new building projects.

Go to top S04980 Actions:

BILL NOS04980 

&nbsp

02/14/2025REFERRED TO LOCAL GOVERNMENT

02/25/20251ST REPORT CAL.378

02/26/20252ND REPORT CAL.

03/03/2025ADVANCED TO THIRD READING 

03/19/2025PASSED SENATE

03/19/2025DELIVERED TO ASSEMBLY

03/19/2025referred to local governments

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO LOCAL GOVERNMENT

01/28/20261ST REPORT CAL.179

01/29/20262ND REPORT CAL.

02/03/2026ADVANCED TO THIRD READING 

02/24/2026PASSED SENATE

02/24/2026DELIVERED TO ASSEMBLY

02/24/2026referred to local governments

Go to topS04980 Committee&nbspVotes:

Go to topS04980 Floor&nbspVotes:

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

Go to topS04980 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4980

 2025-2026 Regular Sessions

 IN SENATE

 February 14, 2025
 ___________

 Introduced by Sen. MARTINEZ -- 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 the preserva-
 tion of regionally significant projects

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

 1 Section 1. Paragraph (a) of subdivision 2 of section 862 of the gener-
 2 al municipal law, as added by section 1 of part J of chapter 59 of the
 3 laws of 2013, is amended to read as follows:
 4 (a) Except as provided in paragraph (b) of this subdivision, no finan-
 5 cial assistance of the agency shall be provided in respect of any
 6 project where facilities or property that are primarily used in making
 7 retail sales to customers who personally visit such facilities consti-
 8 tute more than one-third of the total project cost. For the purposes of
 9 this article, "retail sales" shall mean: (i) sales by a registered
 10 vendor under article twenty-eight of the tax law primarily engaged in
 11 the retail sale of tangible personal property, as defined in subpara-
 12 graph (i) of paragraph four of subdivision (b) of section eleven hundred
 13 one of the tax law; or (ii) sales of a service to such customers.
 14 Except, however, that [tourism destination] regionally significant
 15 projects shall not be prohibited by this subdivision. For the purpose of
 16 this paragraph, ["tourism destination"] "regionally significant project"
 17 shall mean a location or facility [which is likely to attract a signif-
 18 icant number of visitors from outside the economic development region as
 19 established by section two hundred thirty of the economic development
 20 law, in which the project is located] where: (i) the agency board has
 21 determined with the benefit of an independent third-party analysis of
 22 costs versus benefits that shows more benefits to the community than
 23 costs, that the project is likely to attract a significant number of
 24 visitors from outside the economic development region as established by
 25 section two hundred thirty of the economic development law, in which the

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09872-01-5

 S. 4980 2

 1 project is located and that undertaking the project will serve the
 2 public purposes of this article by preserving permanent, private sector
 3 jobs or increasing the overall number of permanent, private sector jobs
 4 in the state; and (ii) where the agency board makes such a finding,
 5 prior to providing financial assistance to the project by the agency,
 6 the chief executive officer of the city, town or village where the
 7 project is located shall confirm the proposed action of the agency.
 8 § 2. This act shall take effect immediately.

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps