2006 New York Code - Additional Prerequisites To The Provisions Of Financial Assistance.

 
    §  859-a.  Additional  prerequisites  to  the  provisions of financial
  assistance. Prior to providing any financial assistance of more than one
  hundred thousand dollars to any project, the agency must comply with the
  following prerequisites:
    1. The agency must adopt a resolution describing the project  and  the
  financial  assistance  that  the agency is contemplating with respect to
  such project. Such assistance shall be consistent with the  uniform  tax
  exemption  policy  adopted by the agency pursuant to subdivision four of
  section eight hundred seventy-four of this chapter,  unless  the  agency
  has  followed the procedures for deviation from such policy specified in
  paragraph (b) of such subdivision.
    2. The agency must hold a public hearing with respect to  the  project
  and  the proposed financial assistance being contemplated by the agency.
  Said public hearing shall be held in a city, town or village  where  the
  project  proposes  to locate. At said public hearing, interested parties
  shall be provided reasonable opportunity, both orally and in writing, to
  present their views with respect to the project.
    * 3. The agency must give at least thirty  days  published  notice  of
  said  public hearing and shall, at the same time, provide notice of such
  hearing to the chief executive officer of each affected tax jurisdiction
  within which the project is located. The notice of  hearing  must  state
  the  time  and  place  of  the  hearing,  contain  a general, functional
  description of the project, describe the  prospective  location  of  the
  project,  identify the initial owner, operator or manager of the project
  and generally describe the  financial  assistance  contemplated  by  the
  agency  with  respect to the project, and provide an opportunity for the
  public to  review  the  project  application,  which  shall  include  an
  analysis of the costs and benefits of the proposed project.
    * NB Effective until July 1, 2006
    * 3.  The  agency must give at least ten days published notice of said
  public hearing and shall, at the  same  time,  provide  notice  of  such
  hearing to the chief executive officer of each affected tax jurisdiction
  within  which  the  project is located. The notice of hearing must state
  the time and  place  of  the  hearing,  contain  a  general,  functional
  description  of  the  project,  describe the prospective location of the
  project, identify the initial owner, operator or manager of the  project
  and  generally  describe  the  financial  assistance contemplated by the
  agency with respect to the project.
    * NB Effective July 1, 2006