New York S 4843: Authorizes payment of additional state aid for certain state-leased or state-owned lands

Bill Text

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S04843 Summary:

BILL NOS04843 

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SAME ASNo Same As

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SPONSORFAHY

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COSPNSR

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MLTSPNSR

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Amd §19-a, Pub Lds L

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Authorizes payment of additional state aid for certain state-leased or state-owned lands.

Go to top S04843 Actions:

BILL NOS04843 

&nbsp

02/13/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

01/07/2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Go to topS04843 Committee&nbspVotes:

Go to topS04843 Floor&nbspVotes:

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

Go to topS04843 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4843

 2025-2026 Regular Sessions

 IN SENATE

 February 13, 2025
 ___________

 Introduced by Sen. FAHY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Investigations and Govern-
 ment Operations

 AN ACT to amend the public lands law, in relation to certain state-
 leased or state-owned lands

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

 1 Section 1. Section 19-a of the public lands law is amended by adding a
 2 new subdivision 2-b to read as follows:
 3 2-b. (1) Notwithstanding any provision of this section to the contra-
 4 ry, in addition to state aid otherwise payable pursuant to this section,
 5 there shall be payable to any city located in a county in which there
 6 has been constructed a state office building project known as the W.
 7 Averell Harriman State Office Building Campus (more specifically identi-
 8 fied on the assessment roll of such city as section, lot and block
 9 numbers 53.00-1-2 and 53.00-1-9, respectively), state aid payable annu-
 10 ally, in an amount equal to 1.75 percent of such aggregate assessed
 11 values of such state office building project as it appeared on the two
 12 thousand nine final assessment roll of such city.
 13 (2) Such payments shall be for city purposes only, and shall begin on
 14 June first, two thousand twenty-five and shall be payable for a period
 15 of ten years. For greater certainty, such city's assessments for the
 16 properties described in paragraph one of this subdivision are to remain
 17 at such two thousand nine total assessed values, i.e. six hundred
 18 sixty-three million nine hundred fifty thousand nine hundred dollars and
 19 ten million four hundred nineteen thousand six hundred dollars, respec-
 20 tively, throughout such ten year period, provided, however, if any
 21 portion of the property is sold by the state of New York during this
 22 period, then the sale price of such sale shall be deducted from its
 23 appropriate above referenced total assessed value on the next succeeding
 24 assessment roll, and such reduced total assessed value shall become the
 25 new basis for determining the annual payment for that and each succeed-
 26 ing year thereafter.
 27 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09553-01-5

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