BILL NUMBER: S256A
SPONSOR: MARTINEZ
 
TITLE OF BILL:
An act to amend the general municipal law and the public authorities
law, in relation to making housing a policy of the state of New York
 
PURPOSE OR GENERAL IDEA OF BILL:
To clarify industrial development agencies are authorized to develop
housing.
 
SUMMARY OF PROVISIONS:
Section one amends section 852 of the general municipal law.
Section two amends section 854 of the general municipal law.
Section three amends the opening paragraph of section 858 of the general
municipal law.
Section four amends section 859-a of the general municipal law.
Section five amends section 874 of the general municipal law. Section
six ,amends section 1951 of the public authorities law.
Section seven amends the opening paragraph of section 1953 of the public
authorities law.
Section eight amends section 1963-a of the public authorities law.
Section nine amends section 2302 of the public authorities law.
Section ten amends the opening paragraph of section 2306 of the public
authorities law.
Section eleven amends section 2315 of the public authorities law.
Section twelve sets forth the effective date.
 
JUSTIFICATION:
Housing has increasingly become a critical part of economic development
efforts in communities across New York State. From the DRI to adaptive
reuse projects, access to a variety of housing options is required for
healthy, sustainable communities. Many IDA s are already doing housing
projects as an opinion from the Office of the State Comptroller issued
in 2015 gives them the authority to do.
However, some are hesitant to support these projects due to the vague
language in various sections of the General Municipal Law and the Public
Authorities Law governing IDA's. By clarifying their authorization to
develop housing, the state will allow for increased housing development
as we seek to address our current housing crisis.
 
FISCAL IMPLICATIONS:
None to the state.
 
EFFECTIVE DATE:
This act shall take effect immediately.

Statutes affected:
S256: 854 general municipal law, 854(4) general municipal law, 858 general municipal law, 859-a general municipal law, 859-a(5) general municipal law, 874 general municipal law, 874(4) general municipal law, 1951 public authorities law, 1951(5) public authorities law, 1953 public authorities law, 1963-a public authorities law, 1963-a(1) public authorities law, 2302 public authorities law, 2302(5) public authorities law, 2306 public authorities law, 2315 public authorities law, 2315(1) public authorities law
S256A: 854 general municipal law, 854(4) general municipal law, 858 general municipal law, 859-a general municipal law, 859-a(5) general municipal law, 874 general municipal law, 874(4) general municipal law, 1951 public authorities law, 1951(5) public authorities law, 1953 public authorities law, 1963-a public authorities law, 1963-a(1) public authorities law, 2302 public authorities law, 2302(5) public authorities law, 2306 public authorities law, 2315 public authorities law, 2315(1) public authorities law