{"content":[{"text":"7.","bbox":{"left":0.058824,"top":0.060216,"width":0.014118000000000006,"height":0.019403999999999998}},{"text":"MYTH","bbox":{"left":0.088226,"top":0.060216,"width":0.055361999999999995,"height":0.019403999999999998}},{"text":"Monies collected (semi-annually) under the benefits agreement are used by the LDC until \n its management decides to remit to the affected taxing jurisdictions.","bbox":{"left":0.235294,"top":0.061697,"width":0.6741039999999999,"height":0.034648}},{"text":"TRUTH","bbox":{"left":0.088226,"top":0.110352,"width":0.06270899999999999,"height":0.019404000000000005}},{"text":"All monies collected under a benefits package (if collected by the LDC) must be distributed \n within 30 days of their receipt. In some cases the benefits package may be collected directly \n by the tax receiver.","bbox":{"left":0.235287,"top":0.110365,"width":0.6965560000000001,"height":0.052743}},{"text":"8.","bbox":{"left":0.058835,"top":0.177114,"width":0.014118000000000006,"height":0.019404000000000005}},{"text":"MYTH","bbox":{"left":0.088238,"top":0.177114,"width":0.05536200000000001,"height":0.019404000000000005}},{"text":"Local Development Corporations operate without supervision or oversight.","bbox":{"left":0.235294,"top":0.178592,"width":0.568008,"height":0.017759999999999998}},{"text":"TRUTH","bbox":{"left":0.088226,"top":0.210519,"width":0.06270899999999999,"height":0.019404000000000005}},{"text":"Virtually every aspect of LDC operations is governed by the Public Authorities \n Accountability Act of 2005, and the Public Authorities Reform Act of 2009, which is \n enforced by the Authority Budget Office, and the Office of the State Comptroller. An annual \n budget must be submitted to the municipality before it is adopted. In addition, the LDC’s \n appointed board has fiduciary and ethical responsibilities regarding all LDC actions.","bbox":{"left":0.235287,"top":0.210517,"width":0.701836,"height":0.08622599999999997}},{"text":"10. MYTH","bbox":{"left":0.058835,"top":0.310677,"width":0.08476500000000001,"height":0.019403999999999977}},{"text":"There is active and continuing competition between LDCs resulting in additional \n abatements and exemptions for a project.","bbox":{"left":0.235275,"top":0.312152,"width":0.6097480000000001,"height":0.03464700000000004}},{"text":"TRUTH","bbox":{"left":0.088237,"top":0.360806,"width":0.062709,"height":0.019403999999999977}},{"text":"Long Island LDCs (and IDAs) do not compete. Project site selection is based primarily on \n the availability and location of vacant land and existing structures. The Board of the LDC \n fully understands that a business that stays and expands in any Long Island community \n benefits the economic stability of the entire region.","bbox":{"left":0.235287,"top":0.36082,"width":0.68272,"height":0.06948399999999999}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}