§ 8. Local authorities searchable subsidy and economic development\nbenefits database. 1. For the purposes of this section, the following\nterms shall have the following meanings:\n (a) "Economic development benefits" shall mean:\n (i) funds made available by a local development corporation for\neconomic development, or job creation purposes including, but not\nlimited to, grants, loans, and bonds; and\n (ii) bonds and tax exemptions which are applied for and preapproved or\ncertified by or on behalf of an industrial development agency for\neconomic development.\n (b) "Qualified participant" shall mean a project operator pursuant to\nsection eight hundred seventy-four of the general municipal law with a\nproject pursuant to section eight hundred fifty-four of the general\nmunicipal law.\n (c) "Full-time equivalent" shall mean a unit of measure, which is\nequal to one filled, full-time, annual-salaried position in a manner\nconsistent with federal calculations.\n (d) "The office" shall mean the authorities budget office.\n (e) "The database" or "the searchable database" shall mean the\ndatabase created pursuant to subdivision two of this section.\n (f) "The project" shall mean specific work, action, endeavor, contract\nor agreement for which any economic benefit as defined in paragraph (a)\nof this subdivision, is made available or awarded by a local development\ncorporation or industrial development agency to a person, business,\nlimited liability corporation or any other entity.\n 2. Notwithstanding any laws to the contrary, the office shall create a\nsearchable database, displaying data regarding economic development\nbenefits that a qualified participant has been awarded. Such searchable\ndatabase shall include the following data, features and functionality to\nthe extent practicable:\n (a) the ability to search the database by each of the reported\ninformation fields;\n (b) the ability to be searchable, downloadable, and posted on a\npublicly accessible website as well as referenced on the office's\nwebsite, with a direct link to the database;\n (c) the ability to digitally select defined individual fields\ncorresponding to any of the reported information from qualified\nparticipants to create unique database views;\n (d) the ability to download the database in its entirety, or in part,\nin a common machine readable format;\n (e) a definition or description of terms for fields in the database;\n (f) a summary of each separate economic development benefit defined in\nparagraph (a) of subdivision one of this section awarded to qualified\nparticipants;\n (g) a user-friendly guide to outline the features and functionality of\nthe database;\n (h) a dedicated email account for the public to direct questions\nrelated to the database, and the office mailing address, office\ntelephone number, and name of the chief officer;\n (i) the following data on local development corporations shall be\nincluded:\n (i) relating to grants, the source of funds for the grant, the name\nand address of the entity that received the grant, the date and amount\nawarded, how the grant funds will be used, whether the grant proceeds\nwere expected to result in new jobs being created, and if so, how many\njobs were planned to be created and how many jobs have been created to\ndate;\n (ii) relating to loans, the source of funds for the loan, the name and\naddress of the entity that received the loan, the date and amount\nawarded, the loan interest rate, the length of the loan in years, the\namount repaid to date, how the loan funds will be used, and whether the\nloan was provided to the recipient for the purpose of creating jobs, and\nif so, how many jobs were planned to be created and how many jobs have\nbeen created to date; and\n (iii) relating to bonds, the name and address of the recipient of the\nbond proceeds, the amount and date of the bond issuance, the bond\ninterest rate, the year the bonds are expected to be fully retired, t
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