Bill > S07072

This bill expands the membership of the Tompkins County Industrial Development Agency (TCIDA) from seven to nine members. Specifically, the bill amends the existing general municipal law to allow the Tompkins County legislature to appoint nine members to the agency, despite a previous statutory requirement that limited municipal industrial development agencies to seven members. An industrial development agency (IDA) is a public entity designed to promote economic development by providing financial assistance and incentives to businesses. The TCIDA, which is a body corporate and politic with perpetual duration, will continue to have the same powers and responsibilities as before, including the ability to support economic development while respecting local zoning and land use planning. The change in membership size may provide an opportunity for broader representation and expertise on the agency's board. The bill will take effect immediately upon passage.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S7072