ARTICLE · 13 JANUARY 2023

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IDA Legislative Update – New Laws Affecting Industrial Development Agencies And Authorities Adopted

Harris Beach

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New York Governor Kathy Hochul recently signed three bills into law that impact administration and operation of New York's industrial development agencies and authorities ("IDAs").

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Russell E. Gaenzle

Shawn M. Griffin

New York Governor Kathy Hochul recently signed three bills into law that impact administration and operation of New York's industrial development agencies and authorities ("IDAs"). The new laws are intended to, and will, increase transparency and communications between IDAs and the local taxing jurisdictions within which they operate. The new laws generally apply to all IDAs governed by Article 18-A of the General Municipal Law ("GML"), along with industrial development authorities established for the cities of Auburn and Troy pursuant to the Public Authorities Law ("PAL").

Chapter 766 of the Laws of 2022 – Effective January 1, 2023 — Sending Initial Resolutions and Deviation Notices to ATJs

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