State Codes and Statutes
Statutes > New-york > Pba > Article-9 > Title-10 > 2975-a§ 2975-a. Recovery of state governmental costs from industrial development agencies. 1. Notwithstanding any other provision of law to the contrary, industrial development agencies or authorities created pursuant to title one of article eighteen-A of the general municipal law or any other provision of law shall reimburse to New York state an allocable share of state governmental costs attributable to the provision of services to industrial development agencies, as determined herein. The payment of such costs by industrial development agencies or authorities is a valid and proper purpose for which available agency or authority funds may be applied. 2. On November first of each year, the director of the budget shall determine the amount owed under this section by each industrial development agency or authority. The aggregate amount assessed under this section in any given state fiscal year may not exceed five million dollars. 3. The state treasurer shall impose and collect such assessments, which shall be paid no later than March thirty-first following the imposition of the assessments, and pay the same into the state treasury to the credit of the general fund. 4. On or before June first, two thousand nine, and annually on or before June first, the director of the budget shall report to the respective chairpersons of the assembly ways and means committee and senate finance committee the amount of cost recovery obtained pursuant to this title for the state fiscal year ending on the preceding March thirty-first.
