2023 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