New York A03911 requires financial reports for real property acquired by the state through eminent domain.

New York A03911 amends the eminent domain procedure law to require financial impact reports for real property acquired by the state, including any agencies and authorities, through eminent domain. These reports must be prepared by local development corporations, state agencies, or state authorities, in consultation with other state agencies as appropriate. The reports should include an analysis of estimated costs and benefits of the project, estimated tax revenue for three years, assistance received since project start, and the present value of future assistance.

New York A03911 requires financial reports for real property acquired by the state through eminent domain.

New York A03911 amends the eminent domain procedure law to require financial impact reports for real property acquired by the state, including any agencies and authorities, through eminent domain. These reports must be prepared by local development corporations, state agencies, or state authorities, in consultation with other state agencies as appropriate. The reports should include an analysis of estimated costs and benefits of the project, estimated tax revenue for three years, assistance received since project start, and the present value of future assistance.