Prevents the use of funds, financial incentives, subsidies or tax exemptions for projects already in development.

Assembly Bill A00650, introduced in New York State on January 8, 2025, aims to prevent the allocation of funds, financial incentives, subsidies, or tax exemptions to projects that are already in development. Specifically, the bill seeks to amend the General Municipal Law to prohibit such financial support for projects where active construction has commenced, including activities like site clearing, excavation, or the erection of building foundations. An exception is provided if environmental contamination requiring a significant increase in project costs is discovered during development. ([legiscan.com](https://legiscan.com/NY/text/A00650/2025?utm_source=openai))

NY A00650 is a house bill in the New York 2025-2026 General Assembly, sponsored by Ron Kim (D), currently “Introduced” since January 8, 2025.

We track 14,823 New York bills this session, 44 of them sponsored by Ron Kim.

While there is no direct media coverage available for Assembly Bill A00650, the bill's intent to restrict financial incentives for projects already in development may be viewed positively by taxpayers and fiscal conservatives who advocate for more stringent oversight of public funds. By limiting such incentives, the bill could potentially reduce wasteful spending and ensure that public resources are allocated to projects that are in the planning stages, thereby promoting more efficient use of taxpayer money.

Conversely, developers and business advocates might view Assembly Bill A00650 unfavorably, as it could limit their ability to secure financial support for projects that are already underway. This restriction might lead to increased project costs or financial challenges, particularly if unforeseen issues arise during development. Additionally, the bill's exception for environmental contamination could be seen as a loophole that still allows for financial support under certain conditions, potentially undermining the bill's overall intent.