§ 55.17. Payments in lieu of taxes. The trust may, when funds are\navailable and with the approval of the governor, enter into an agreement\nwith a municipality or district within which real property has been\nacquired by the trust providing for the payment of moneys in lieu of\nanticipated tax revenues for a period not to exceed five years whenever\nthe trust shall determine that undue hardship justifying such financial\nrelief has been created by such acquisition.\n
Payments in lieu of taxes
N.Y. Arts and Cultural Affairs Law § 55.17, under Natural Heritage Trust.
N.Y. Arts and Cultural Affairs Law § 55.17