Prohibits confidentiality and non-disclosure provisions in economic development contracts.

New York A00409 amends several laws to prohibit confidentiality and non-disclosure provisions in contracts related to economic development. This includes agreements involving tax incentives, payments in lieu of taxes, tax abatements, bonds, notes, loans, grants, or rebates. The bill affects contracts entered into by the state, municipalities, and any party negotiating on behalf of these entities. The changes apply to the urban development corporation act, the state finance law, the general municipal law, and the economic development law.

Prohibits confidentiality and non-disclosure provisions in economic development contracts.

New York A00409 amends several laws to prohibit confidentiality and non-disclosure provisions in contracts related to economic development. This includes agreements involving tax incentives, payments in lieu of taxes, tax abatements, bonds, notes, loans, grants, or rebates. The bill affects contracts entered into by the state, municipalities, and any party negotiating on behalf of these entities. The changes apply to the urban development corporation act, the state finance law, the general municipal law, and the economic development law.