Section 2975-A. Recovery of state governmental costs from industrial development agencies

1. Notwithstanding any other provision of  law  to  the  contrary,  industrial  development  agencies or authorities created
  pursuant to title one of article eighteen-A of the general municipal law
  or any other provision of law shall  reimburse  to  New  York  state  an
  allocable   share  of  state  governmental  costs  attributable  to  the
  provision of services to industrial development agencies, as  determined
  herein.  The payment of such costs by industrial development agencies or
  authorities is a valid and proper purpose for which available agency  or
  authority funds may be applied.
    2.  On  November  first of each year, the director of the budget shall
  determine  the  amount  owed  under  this  section  by  each  industrial
  development  agency  or  authority.  The aggregate amount assessed under
  this section in any given state fiscal year may not exceed five  million
  dollars.
    3.  The  state  treasurer  shall  impose and collect such assessments,
  which shall be paid no  later  than  March  thirty-first  following  the
  imposition  of the assessments, and pay the same into the state treasury
  to the credit of the general fund.
    4. On or before June first, two thousand  nine,  and  annually  on  or
  before  June  first,  the  director  of  the  budget shall report to the
  respective chairpersons of the assembly ways  and  means  committee  and
  senate  finance  committee the amount of cost recovery obtained pursuant
  to this title for the state fiscal year ending on  the  preceding  March
  thirty-first.