Bill
Bill > A10157
NY A10157
NY A10157Extends the term and authority of the independent monitor for the Orange county industrial development agency; requires such monitor also monitor the Orange county funding corporation; modifies the applicability of certain tax exemptions based on population; extends provisions of law related to the independent monitor for the Orange county industrial development agency.
summary
Introduced
02/12/2026
02/12/2026
In Committee
02/12/2026
02/12/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the general municipal law and the executive law, in relation to extending the term and authority of the independent monitor for the Orange county industrial development agency, and modifying the applicability of certain tax exemptions based on population; to amend part III of chapter 58 of the laws of 2023, amending the general municipal law and the executive law relating to directing the state inspector general to appoint an independent monitor for the Orange county industrial development agency, in relation to the effectiveness thereof; and providing for the repeal of certain provisions upon the expiration thereof
AI Summary
This bill extends the term and authority of the independent monitor for the Orange County Industrial Development Agency (IDA) and also requires this monitor to oversee the Orange County Funding Corporation. The bill clarifies that "financial assistance" includes various forms of support from the IDA, such as payment in lieu of taxes agreements or waivers of sales and mortgage recording taxes, and defines "monitor" as the independent monitor appointed by the state inspector general. The term of the independent monitor's appointment is extended from three to six years, and the monitor's powers are expanded to include approving or disapproving proposed contracts and financial assistance agreements before they are voted on by the board, and directing the recoupment of financial assistance if contract terms are not met. Additionally, the bill modifies tax exemption rules for privately-owned projects in counties with a specific population range, requiring prevailing wages for construction unless a project labor agreement is in place.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
referred to local governments (on 02/12/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2025/A10157 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A10157&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A10157 |
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