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Bill > S02104


NY S02104

NY S02104
Enacts the "Niagara parks reinvestment act"; requires fifty percent of parking revenue generated at state parks in the county of Niagara to be deposited in the Niagara parks reinvestment fund; establishes the Niagara parks reinvestment fund.


summary

Introduced
01/15/2025
In Committee
01/15/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the parks, recreation and historic preservation law and the state finance law, in relation to enacting the "Niagara parks reinvestment act"

AI Summary

This bill establishes the Niagara Parks Reinvestment Act, which requires that 50% of vehicle use fees (parking revenues) generated at state parks located wholly or partially in Niagara County be deposited into a newly created Niagara Parks Reinvestment Fund. The fund will be jointly managed by the state comptroller and commissioner of taxation and finance, and its purpose is to finance capital improvements in Niagara County state parks and/or create a transportation system linking state parks with other tourist attractions in the county. The bill mandates that the parks office prepare an annual report detailing the amount of vehicle use fees collected and how they are being used, which must be shared with the governor, relevant legislative committee chairs, and state representatives from Niagara County. The new funding mechanism aims to reinvest parking revenues directly back into local parks and tourism infrastructure, providing a targeted approach to park maintenance and development in the Niagara County region. The act will take effect on the first of April following its passage into law.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

REFERRED TO CULTURAL AFFAIRS, TOURISM, PARKS AND RECREATION (on 01/15/2025)

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