BILL NUMBER: S8346
SPONSOR: CANZONERI-FITZPATRICK
 
TITLE OF BILL:
An act to amend to amend chapter 846 of the laws of 1970, amending the
county law relating to payment in lieu of taxes for property acquired
for park or recreational purposes, in relation to extending the term of
effectiveness of such chapter
 
PURPOSE:
To extend until June 30, 2030 the authorization to Nassau County to make
payments in lieu of taxes on certain parklands in Lido Beach-Point Look-
out area.
 
SUMMARY OF PROVISIONS:
Section 2 of Chapter 846 of the Laws of 1970 amending the County law is
amended as it pertains to the payment in lieu of taxes by Nassau County
to certain districts in the Lido Beach area by extending its termination
date from June 30, 2025 to June 30, 2030.
Section 2 sets forth the effective date.
 
JUSTIFICATION:
The Long Beach City School District has reached its constitutional tax
limit so that these payments have now become crucial to its fiscal
wellbeing. Similar bills extending this legislation have been passed and
signed into law on five prior occasions (1975-80, 1980-85, 1985-90,
1990-95, 1995-2000, 2000-2005, 2005-2010, 2010-2015, 2015-2020,
2020-2025.)
 
LEGISLATIVE HISTORY:
Chapter 58 of 2020;
Chapter 41 of 2015;
Chapter 248 of 2010; and
Chapter 130 of 2005.
 
FISCAL IMPLICATIONS:
None to the State.
 
EFFECTIVE DATE:
This bill would take effect immediately.