NY Gen Mun L § 906-A (2021)
2021 New York Laws GMU - General Municipal Article 18-A - Industrial Development Title 2 - Municipal Industrial Development Agencies 906-A - Allegany County Industrial Development Agency.

* §  906-a.  Allegany county industrial development agency. 1. For the   benefit of the county  of  Allegany  and  the  inhabitants  thereof,  an   industrial  development  agency,  to  be  known  as  the ALLEGANY COUNTY   INDUSTRIAL  DEVELOPMENT  AGENCY,   is   hereby   established   for   the   accomplishment  of  any or all of the purposes specified in title one of   this article. It shall constitute a body corporate and politic,  and  be   perpetual  in  duration.  It  shall  have  the  powers and duties now or   hereafter conferred  by  title  one  of  this  article  upon  industrial   development  agencies  and  provided  that the exercise of the powers by   such agency with respect to the acquisition of real property whether  by   purchase,  condemnation  or  otherwise, other than in furtherance of the   power conferred by subdivision two of this section, shall be limited  to   the  corporate  limits  of the county of Allegany, and such agency shall   take into consideration the local zoning  and  planning  regulations  as   well as the regional and local comprehensive land use plans. It shall be   organized  in a manner prescribed by and be subject to the provisions of   title one of this  article.  Its  members  shall  be  appointed  by  the   governing  body  of  the  county  of  Allegany. The agency, its members,   officers and employees and its operations and activities  shall,  except   as  provided specifically herein, be governed by the provisions of title   one of this article.2. In addition to the powers and duties now or hereafter conferred  by   title  one  of  this  article,  the  agency  shall have the power (i) to   acquire, construct, own, maintain, and lease or sell to  a  railroad  or   private  business  corporation any interest in railroads operated wholly   or  partially   within   Allegany   county,   including   easements   or   rights-of-way, necessary switching apparatus, track, and other equipment   necessary or convenient to the operation of such railroad, which will be   used  in  conjunction  with  industrial,  manufacturing,  commercial  or   warehousing operations and (ii) to finance such facilities  through  the   issuance  of  its  bonds  and notes, when in the judgment of the agency,   such facilities will  serve  to  promote,  develop  and  assist  in  the   acquiring,   constructing,   reconstructing,   improving,   maintaining,   equipping and  furnishing  of  industrial,  manufacturing,  warehousing,   commercial,  and  research  facilities  including  industrial  pollution   control facilities and thereby advance the  job  opportunities,  health,   general  prosperity  and economic welfare of the people of the state and   improve their prosperity and standard of living.  The  powers  conferred   pursuant  to  this  subdivision  with respect to the acquisition of real   property  shall  not  include  the  acquisition  of  real  property   by   condemnation.  Notwithstanding  the  taxable  status  date  set forth in   section three hundred two of the real property  tax  law  or  any  other   provision  of  law  to  the  contrary,  if,  prior to September fifteen,   nineteen   hundred   ninety-five,   the   agency   acquires   ownership,   jurisdiction, supervision or control of any portion of the railroad line   known  as  the  "Southern  Tier  Line," which is located between the New   York-Pennsylvania state line in the county of Chautauqua and the city of   Hornell, and complies  with  all  other  applicable  provisions  of  law   pertaining  to the filing of an application for exemption, such property   and the agency's activities with respect thereto shall  be  entitled  to   exemption from taxes or assessments as otherwise provided by law, except   for  nineteen  hundred ninety-five--ninety-six school taxes levied prior   to September fifteen, nineteen hundred ninety-five.  The  tax  exemption   conferred  pursuant  to  this  subdivision shall be subject to the prior   consent of the affected tax jurisdictions that are located  outside  the   county of Allegany, and shall not apply to special ad valorem levies and   special assessments.* NB Agency expires per §§ 856 and 882