N.Y. Public Lands Law § 19-b: State aid; certain state-owned or reacquired lands

§ 19-b. State aid; certain state-owned or reacquired lands. 1. State

aid shall be payable to any municipal corporation or special district as

such terms are defined by section one hundred two of the real property

tax law and hereinafter collectively referred to in this section as

"taxing authority", when on any assessment roll the taxable assessed

valuation in such taxing authority is decreased in any year by reason of

the transfer of title or possession of land or improvements thereon to

the state or an agency of the state located at West Valley, Cattaraugus

county and theretofore utilized by the corporation known as "Nuclear

Fuel Services, Inc.".

2. The state aid payable to a taxing authority pursuant to this

section shall be computed and paid during the first fiscal year of any

such taxing authority commencing on or after January first, nineteen

hundred eighty-one, and during each fiscal year thereafter. Such state

aid shall in each year be equal to the amount of taxes levied or which

would have been levied by or in behalf of the taxing authority against

such lands and the improvements thereon on the last assessment roll

finally completed in nineteen hundred eighty.

3. Such state aid shall be payable upon application to the state

comptroller by the chief fiscal officer of the taxing authority which

qualifies for aid pursuant to this section. The application shall be

made on a form prescribed by such comptroller and shall contain such

information as such comptroller shall require. On or before January

fifteenth the comptroller, in consultation with the board of real

property services and other agencies as may be appropriate, shall submit

to the governor and the legislature an annual accounting of state aid

paid pursuant to this section during the preceding and current fiscal

years. Such accounting shall include, but not be limited to the number,

type and amount of such payments, as well as an estimate of payments to

be made during the remainder of the current fiscal year and during the

following fiscal year.