N.Y.C. Admin. Code § L.L. 2002/025: L.L. 2002/025

Enactment date: 8/27/2002

Int. No. 247

By Council Members Sanders, Comrie, Gerson, Jackson, Liu, Yassky and Golden (by request of the Mayor); also Council Members Quinn and Gioia

A Local Law to amend the administrative code of the city of New York, in relation to the Chinatown/Lower East Side empire zone.

Be it enacted by the Council as follows:

Section 1. Declaration of legislation findings and intent. Section 961 of the general municipal law provides that a city may adopt a local law authorizing the submission of an application to the New York state commissioner of economic development for designation of an area within the city as an empire zone. Such designation could greatly benefit the city of New York in that new businesses would be encouraged to locate in the zone, existing businesses would be encouraged to expand in the zone, and new and expanded businesses would generate new jobs for city residents.

§ 2. The city of New York is authorized to submit an application to the New York state commissioner of economic development for designation of an area within the city of New York as an empire zone.

§ 3. The boundaries of such area are set forth in section four of this local law.

* * *

[Consolidated provisions are not included in this Appendix A]

* * *

§ 5. This local law shall take effect immediately.