NY Gen Mun L § 922 (2021)
2021 New York Laws GMU - General Municipal Article 18-A - Industrial Development Title 2 - Municipal Industrial Development Agencies 922 - Nassau County Industrial Development Agency.

* §  922.  Nassau  county  industrial  development  agency. 1. For the   benefit of  the  county  of  Nassau  and  the  inhabitants  thereof,  an   industrial  development  agency,  to  be  known  as  the  Nassau  county   industrial  development  agency,   is   hereby   established   for   the   accomplishment  of  any or all of the purposes specified in title one of   article eighteen-A of this chapter. 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 article eighteen-A of   this chapter 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, shall be   limited to the corporate limits of the county of Nassau, 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 article eighteen-A of this chapter. Its members shall be   appointed by the county executive subject to confirmation by  the  board   of  supervisors  of  Nassau  county,  and  all of the agency's accounts,   contracts, books and records shall be subject to  audit  by  the  county   comptroller pursuant to section five hundred seventy-seven of the county   law.  The agency, its members, officers and employees and its operations   and activities shall in all respects be governed by  the  provisions  of   title one of article eighteen-A of this chapter.2.  Prior  to the approval of any application for a payment in lieu of   taxes (hereinafter referred to in this section as "PILOT") agreement  by   the  agency  for  a  project  located  in the village of Freeport or the   village of Hempstead,  the  chief  executive  officer  of  the  affected   village  shall  be  consulted.  The  agency  shall also consult with the   village governing body prior to any PILOT agreement  being  approved  by   the  agency  for  a  project  located  in the village of Freeport or the   village of Hempstead. In addition, the agency  shall  obtain  an  impact   analysis  to  determine the impact on the village of the project and the   planned PILOT agreement. The applicant for such  PILOT  agreement  shall   bear  the  costs related to the required impact analysis. The agency and   the village governing body shall jointly select a  qualified  entity  to   conduct  the  impact  analysis.  The  membership  of  the  agency,  when   reviewing applications  and  approving  PILOT  agreements  for  projects   located  in  the  village of Freeport or the village of Hempstead, shall   include at least one member of such  village's  governing  body  and  at   least  three  at large members drawn from a cross section of the village   community.3. The agency shall review any PILOT agreement for a  project  located   in  the  village of Freeport or the village of Hempstead after the third   year of entering  into  such  PILOT  agreement,  and  every  third  year   thereafter,  and adjust the PILOT agreement accordingly based on changes   to the assessed value and tax rate of all other real properties  located   in such villages.4.  A PILOT agreement for a project located in the village of Freeport   or the village of Hempstead shall not be renewed or renegotiated until a   full audit has been completed of the accounts of the party obligated  to   make  payments in lieu of taxes pursuant to the PILOT agreement with the   agency. The agency and the village governing body shall jointly choose a   qualified entity to conduct such audit. The party that is  obligated  to   make  payments in lieu of taxes pursuant to the PILOT agreement with the   agency shall bear the costs of preparing  such  audit.  The  village  of   Freeport  or the village of Hempstead may request from the office of the   state comptroller an audit or review of the audit prior to  the  renewal    or  renegotiation  of  a  PILOT  agreement  for a project located in the   village of Freeport or the village of Hempstead.* NB Agency expires per §§ 856 and 882