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A 30

Requires the return of certain financial assistance provided for a project where the project has material shortfalls or material violations and preventing the use of incentives for projects already in development

2025 Regular Session Introduced by Chris Burdick and 13 co-sponsors

Requires returning financial assistance if a project has material shortfalls or violations, and bars incentives for projects already in development to boost accountability.

REFERRED TO LOCAL GOVERNMENTS
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Bill Summary · A 30

Summary: New York Assembly Bill A 30

A 30 aims to increase accountability around financial support for development projects by requiring the return of certain financial assistance if a project experiences material shortfalls or material violations, and by preventing the use of incentives for projects that are already in development. The bill is currently in the early stage of the legislative process.

Purpose and intent

  • The core purpose is to ensure that public or quasi-public financial support is contingent on project performance and compliance.
  • It seeks to prevent continuing or new incentives for projects that are already underway but are not meeting defined standards (shortfalls or violations).

Key provisions (as described)

  • Return of financial assistance: If a project has material shortfalls or material violations, the bill would require the return of certain financial assistance provided for that project.
  • Restrictions on incentives: The bill would prohibit the use of incentives for projects that are already in development.
  • Definitions and details: The specific definitions of terms such as “financial assistance,” “material shortfalls,” “material violations,” and what constitutes a project being “in development” would be established in the bill’s text.

Note: The available information does not include the exact language defining these terms or the mechanisms for recovering funds or denying incentives.

Who would be affected

  • Project developers and sponsors who receive financial assistance or incentives.
  • Local governments and municipal agencies that administer development incentives or provide public financial support.
  • Stakeholders and taxpayers in communities hosting development projects, who may be affected by the availability of incentives and potential recovery of funds.

Procedural and timeline aspects

  • Introduced: January 8, 2025.
  • Status: Referred to Local Governments (and the legislative record shows two entries for this referral on the same date).
  • Related action: Associated with several companion and prior-session bills, indicating ongoing interest in this policy area across sessions.

Legislative history and related bills

  • Sponsors: Principal sponsor William Magnarelli; multiple cosponsors (including Angelo Santabarbara, Jonathan Jacobson, Pamela J. Hunter, MaryJane Shimsky, Jo Anne Simon, Chantel Jackson, Chris Burdick, Deborah Glick, Tommy Schiavoni, William Colton, Phil Steck, Steven Otis, Karen McMahon).
  • Related/companion bills: A 11003, A 473, A 22 (prior-session), and S 2318 (companion in the Senate; listed twice).

Potential impacts and considerations

  • Policy impact: Could strengthen accountability by linking ongoing public support to project performance and compliance.
  • Financial impact: Potential recovery of funds and reduced use of incentives for projects already in development; exact fiscal effects depend on definitions and enforcement details.
  • Implementation considerations: Key questions include how “material” thresholds are defined, the process for determining shortfalls/violations, cure or remediation procedures, and the specific forms of “financial assistance” covered (grants, loans, tax incentives, subsidies, etc.).
  • Practical considerations: May influence project financing strategies and negotiations between developers and local governments.

Open questions for further review

  • How will the bill define and measure “material shortfalls” and “material violations”?
  • Which forms of financial assistance are covered (grants, loans, tax incentives, subsidies, grants-in-kind, etc.)?
  • What is the enforcement mechanism and timeline for returning funds or denying incentives?
  • How would this interact with existing local/state development programs and contracts?

This summary provides the essential framework based on the bill’s stated purpose and action to date. For precise provisions, the bill text and committee memos should be consulted.

Compiled from official sources — confirm details with the bill’s official record.

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