New York S03439 reforms local development corporations and industrial development agencies by addressing conflicts of interest, standard tax.
New York S03439 makes various reforms to local development corporations and industrial development agencies. It addresses conflicts of interest by prohibiting board members or employees from having certain affiliations with the agency. The bill also establishes standard tax exemption policies, requires municipal input, mandates more information to be made public, and outlines the process for economic impact statements and public hearings. Additionally, it ensures that projects receiving agency funds comply with prevailing wage laws.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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