§ 874. Tax exemptions. (1) It is hereby determined that the creation\nof the agency and the carrying out of its corporate purposes is in all\nrespects for the benefit of the people of the state of New York and is a\npublic purpose, and the agency shall be regarded as performing a\ngovernmental function in the exercise of the powers conferred upon it by\nthis title and shall be required to pay no taxes or assessments upon any\nof the property acquired by it or under its jurisdiction or control or\nsupervision or upon its activities. Provided, however, if the agency is\nlocated within a transportation district referenced in paragraph (a) of\nsubdivision two of section two hundred fifty-three of the tax law, it\nshall not be exempt from the additional tax on each mortgage of real\nproperty situated within the state imposed by such paragraph.\n (2) Any bonds or notes issued pursuant to this title, together with\nthe income therefrom, as well as the property of the agency, shall be\nexempt from taxation, except for transfer and estate taxes.\n (3) Payments in lieu of taxes received by the agency shall be remitted\nto each affected tax jurisdiction within thirty days of receipt.\n (4) (a) The agency shall establish a uniform tax exemption policy,\nwith input from affected tax jurisdictions, which shall be applicable to\nthe provision of financial assistance pursuant to section eight hundred\nfifty-nine-a of this title and shall provide guidelines for the claiming\nof real property, mortgage recording, and sales tax exemptions. Such\nguidelines shall include, but not be limited to: period of exemption;\npercentage of exemption; types of projects for which exemptions can be\nclaimed; procedures for payments in lieu of taxes and instances in which\nreal property appraisals are to be performed as a part of an application\nfor tax exemption; in addition, agencies shall in adopting such policy\nconsider such issues as: the extent to which a project will create or\nretain permanent, private sector jobs; the estimated value of any tax\nexemptions to be provided; whether affected tax jurisdictions shall be\nreimbursed by the project occupant if a project does not fulfill the\npurposes for which an exemption was provided; the impact of a proposed\nproject on existing and proposed businesses and economic development\nprojects in the vicinity; the amount of private sector investment\ngenerated or likely to be generated by the proposed project; the\ndemonstrated public support for the proposed project; the likelihood of\naccomplishing the proposed project in a timely fashion; the effect of\nthe proposed project upon the environment; the extent to which the\nproject will utilize, to the fullest extent practicable and economically\nfeasible, resource conservation, energy efficiency, green technologies,\nand alternative and renewable energy measures; the extent to which the\nproject will provide onsite child care services or otherwise facilitate\nnew child care services; the extent to which the proposed project will\nrequire the provision of additional services, including, but not limited\nto additional educational, transportation, police, emergency medical or\nfire services; and the extent to which the proposed project will provide\nadditional sources of revenue for municipalities and school districts.\n (b) The agency shall establish a procedure for deviation from the\nuniform tax exemption policy required pursuant to this subdivision. The\nagency shall set forth in writing the reasons for deviation from such\npolicy, and shall further notify by certified mail, return receipt\nrequested or an electronic correspondence with a read-receipt, the\naffected local taxing jurisdictions of the proposed deviation from such\npolicy and the reasons therefor. When the affected local taxing\njurisdiction is a school district, the agency shall notify by certified\nmail, return receipt requested or an electronic correspondence with a\nread-receipt, the dist
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