N.Y. Arts & Cult. Aff. Law § 55.17
Current through 2024 NY Law Chapter 456
The trust may, when funds are available and with the approval of the governor, enter into an agreement with a municipality or district within which real property has been acquired by the trust providing for the payment of moneys in lieu of anticipated tax revenues for a period not to exceed five years whenever the trust shall determine that undue hardship justifying such financial relief has been created by such acquisition.
N.Y. Arts and Cult. Aff. Law § 55.17