Requires financial reports for real property acquired by the state through eminent domain.

New York S07081 amends the eminent domain procedure law by adding a new section requiring financial impact reports for real property acquired by the state, including any agencies and authorities, through eminent domain. These reports must include an analysis of estimated costs and benefits, tax revenue projections, assistance received, and the present value of future assistance. The act takes effect immediately.

Requires financial reports for real property acquired by the state through eminent domain.

New York S07081 amends the eminent domain procedure law by adding a new section requiring financial impact reports for real property acquired by the state, including any agencies and authorities, through eminent domain. These reports must include an analysis of estimated costs and benefits, tax revenue projections, assistance received, and the present value of future assistance. The act takes effect immediately.