Authorizes the empire state development corporation to create funds to compensate communities that have been harmed by land use plans

S 3755 authorizes New York's Empire State Development Corporation to create compensation funds for communities harmed by land use plans, such as when development causes small businesses to close, rents to rise, or residents to be displaced. The bill allows the corporation to establish these funds without needing new state approvals or legislative action. It specifically defines "harm" to include economic and housing disruptions from development projects. The measure takes effect immediately upon enactment.