Bill > S00017

This bill amends the General Municipal Law to expand the powers of Industrial Development Agencies (IDAs), which are local government entities that typically focus on economic development. Specifically, the bill allows IDAs to make grants to municipalities for three specific purposes: open space preservation, parkland improvements, and conservation easements. These grants would only be permissible if the municipal governing body determines that the grant either encourages tourism or improves the overall quality of life in the municipality. This means that an IDA can now use its resources to support environmental and recreational projects, beyond its traditional economic development role. The bill adds this new granting power as a specific authorized function for IDAs, broadening their potential impact on local community development. The amendment is relatively straightforward and provides municipalities with an additional potential funding source for environmental and recreational improvements. The bill takes effect immediately upon passage.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S17