§ 965. Designation of empire zone as a foreign trade zone. Any city, county, town or village which contains an area which is designated an empire zone in accordance with this article, is hereby authorized to make application to the foreign trade zones board established by an act of Congress, approved June eighteenth, nineteen hundred thirty-four, entitled "An Act to provide for the establishment, cooperation and maintenance of foreign trade zones in ports of entry of the United States, to expedite and encourage foreign commerce, and for other purposes," for a grant to said city, county, town or village for the privilege of establishing, operating, and maintaining a foreign trade zone within such area, pursuant to the provisions of such act, and if such application be granted, to establish, operate and maintain such foreign trade zone within such area in accordance with law. Any such city, county, town or village may contract with a not-for-profit agency and may appropriate such sums of money as it may deem proper, subject to the provisions of this section, toward the promotion and establishment of such foreign trade zone in such area.

Terms Used In N.Y. General Municipal Law 965

  • Contract: A legal written agreement that becomes binding when signed.
  • Empire zone: shall mean an area within the state that has been designated as an empire zone pursuant to this article and:

    (i) all empire zones designated under paragraph (i) of subdivision (a) and subdivision (d) of section nine hundred fifty-eight of this article shall be referred to as "investment zones" and shall be wholly contained within up to three distinct and separate contiguous areas; provided, however, that empire zones designated prior to the enactment of this paragraph shall identify up to three distinct and separate contiguous areas, which shall equal up to their total allotted acreage at the time of designation by January first, two thousand six. See N.Y. General Municipal Law 957