New York S03368 amends laws to enhance accountability and transparency of industrial development agencies and local development corporations, and.

New York S03368 amends the general municipal law and the public authorities law to improve the accountability and transparency of industrial development agencies and local development corporations. It mandates these agencies to adopt a uniform financial assistance policy, subject to approval by affected tax jurisdictions, and to make this policy publicly available. The bill also requires agencies to hold public hearings and provide written notice to affected tax jurisdictions before providing financial assistance.

New York S03368 amends laws to enhance accountability and transparency of industrial development agencies and local development corporations, and.

New York S03368 amends the general municipal law and the public authorities law to improve the accountability and transparency of industrial development agencies and local development corporations. It mandates these agencies to adopt a uniform financial assistance policy, subject to approval by affected tax jurisdictions, and to make this policy publicly available. The bill also requires agencies to hold public hearings and provide written notice to affected tax jurisdictions before providing financial assistance.