ALBANY - Two bills that will eliminate 28 local public authorities and 95 urban renewal and industrial development agencies that are inactive or no longer needed were signed by Governor Andrew Cuomo.

"Since taking office, my administration has worked to make government more efficient and accountable to taxpayers, including doing more with less and finding ways to reduce the costs facing localities," Governor Cuomo said. "Given that these authorities and agencies no longer serve the public interest, it only makes sense to do away with them for good. I thank the bill sponsors for their work on these two bills."

The two bills (A. 10288-A / S.5198-D and A. 8823-A / S. 5227-B) repeal the statutory authorization for approximately 95 urban renewal and industrial agencies and 28 local public authorities that are either defunct, were never ultimately established by local law, or are no longer needed to carry out the public function for which they were formed.

The affected agencies and authorities have no outstanding debt or other obligations. The law transfers the eliminated entities' remaining books, records, and rights to the municipality where each is located.

Both laws take effect in 60 days.