{"data":{"id":"us-ny/n.y.-arts-and-cultural-affairs-law-55.17","jurisdiction":"us-ny","citation":"N.Y. Arts and Cultural Affairs Law § 55.17","heading":"Payments in lieu of taxes","body":"§ 55.17. Payments in lieu of taxes. The trust may, when funds are\navailable and with the approval of the governor, enter into an agreement\nwith a municipality or district within which real property has been\nacquired by the trust providing for the payment of moneys in lieu of\nanticipated tax revenues for a period not to exceed five years whenever\nthe trust shall determine that undue hardship justifying such financial\nrelief has been created by such acquisition.","path":["Arts and Cultural Affairs Law","Title T. Natural Heritage Trust","Article 55. Natural Heritage Trust"],"source_url":"https://legislation.nysenate.gov/api/3/laws/ACA/55.17","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"1461c67d9d57d26478c306d925f0bb4222087c02ee6b7e36abb653858a44ad52","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-arts-and-cultural-affairs-law-55.15","next":"us-ny/n.y.-arts-and-cultural-affairs-law-55.19"},"notice":"GroundRules: Original legal text. Not legal advice."}