New York A03626 extends funding to local governments from the Urban Development Corporation through the Electric Generation Facility Cessation.

New York A03626 amends the Urban Development Corporation's funding allocation to provide support to local governments affected by the cessation of electric generating facilities. This funding is available for counties, cities, towns, villages, school districts, or special districts where an electric generating facility has ceased operations and resulted in a reduction of at least 20% in real property tax collections or payments in lieu of taxes.

New York A03626 extends funding to local governments from the Urban Development Corporation through the Electric Generation Facility Cessation.

New York A03626 amends the Urban Development Corporation's funding allocation to provide support to local governments affected by the cessation of electric generating facilities. This funding is available for counties, cities, towns, villages, school districts, or special districts where an electric generating facility has ceased operations and resulted in a reduction of at least 20% in real property tax collections or payments in lieu of taxes.