A 5261: Prevents the use of funds, financial incentives, subsidies or tax exemptions for projects where the occupier of the project is not disclosed.
What A 5261 does, verified January 9, 2026
The bill aims to prevent the use of public funds, financial incentives, and tax exemptions for projects where the project occupant is not publicly disclosed at the time of the public hearing. This means that if a project's occupant is not made public during the public hearing process, the government cannot provide financial benefits to the project. The bill also applies to tax exemptions, ensuring that they are not granted to projects with undisclosed occupants. The bill takes effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to local governments (2026-01-07)Alert me
Quick answers about A 5261
- What is the current status of A 5261?
- As of January 9, 2026, A 5261 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to local governments".
- Did A 5261 pass?
- Not yet. A 5261 has been introduced and has not passed either house.
- Who wrote A 5261, and where is it now?
- A 5261 was authored by Asm. Michaelle Solages. Its committee of record is Assembly Local Government. It is filed under GMU, alongside 13 other New York GMU bills this session.
Author and sponsors
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| Jan. 07, 2026 | referred to local governments |
| Feb. 12, 2025 | referred to local governments |
Latest bill textIntroduced version, February 12, 2025 · 284 words
STATE OF NEW YORK ________________________________________________________________________ 5261 2025-2026 Regular Sessions IN ASSEMBLY February 12, 2025 ___________ Introduced by M. of A. SOLAGES -- read once and referred to the Commit- tee on Local Governments AN ACT to amend the general municipal law, in relation to preventing the use of funds, financial incentives, subsidies or tax exemptions for project occupants which are not public The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 862 of the general municipal law is amended by 2 adding a new subdivision 3 to read as follows: 3 (3) No funds, financial incentives or subsidies of the agency shall be 4 used in respect of any project in which the project occupant as defined 5 in section eighteen hundred one of the public authorities law is not 6 publicly disclosed at the time of the public hearing for the project 7 required by subdivision two of section eight hundred fifty-nine-a of 8 this title. 9 § 2. Section 874 of the general municipal law is amended by adding a 10 new subdivision 13 to read as follows: 11 (13) No tax exemptions shall be granted to any project if the project 12 occupant as defined in section eighteen hundred one of the public 13 authorities law is not publicly disclosed at the time of the public 14 hearing for the project required by subdivision two of section eight 15 hundred fifty-nine-a of this title. 16 § 3. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD08907-01-5
Text of A 5261 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions