Allows municipalities to lease naming rights of government-owned property.

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S7507-2011 Actions

• Jun 21, 2012: COMMITTED TO RULES
• Jun 12, 2012: ADVANCED TO THIRD READING
• Jun 11, 2012: 2ND REPORT CAL.
• Jun 6, 2012: 1ST REPORT CAL.1138
• May 30, 2012: REFERRED TO LOCAL GOVERNMENT

S7507-2011 Meetings

Local Government: Jun 6, 2012

S7507-2011 Calendars

Floor Calendar: Jun 11, 2012 , Floor Calendar: Jun 12, 2012 , Floor Calendar: Jun 13, 2012 , Floor Calendar: Jun 14, 2012 , Floor Calendar: Jun 18, 2012 , Floor Calendar: Jun 19, 2012 , Floor Calendar: Jun 20, 2012 , Floor Calendar: Jun 21, 2012

S7507-2011 Votes

S7507-2011 Memo

BILL NUMBER:S7507

TITLE OF BILL:
An act
to amend the general municipal law, in relation to allowing
municipalities to lease naming rights for government owned property

PURPOSE:
This bill allows municipalities - counties, cities, towns and villages
an option to lease naming rights for governmentally owned properties
and facilities (examples include but are not limited to waterfront
property, parks, rail-trails, railroad tracks, city buses and
stadiums etc.)

SUMMARY OF PROVISIONS:
Section 1. The general municipal law is amended by adding a new
section 99-w to read as follows; 99-w. Transfer and lease of naming
rights. As used in this section the term municipality shall mean a
county, city, town, or village.

Subsection 2. A municipality may enter into a contract to lease the
naming rights of any property owned by such municipality according to
the requirements of this section. The chief executive officer of the
municipality shall be responsible for negotiating the contract,
subject to the ratification of a majority of the members of the
legislative body of such municipality.

Subsection 3. Such leasing agreement shall be for a period of not less
than one year and not more than five years.

Subsection 4. Prior to the ratification of a contract pursuant to
this section,
the legislative body of a municipality shall hold a public hearing,
on notice of at least thirty days, announcing the intention of such
municipality to enter into such a contract with a third party. A
public hearing pursuant to this section shall not be held more than
ninety days prior to such ratification.

Subsection 5. Any transaction described in this section may be used by
such municipality for any lawful municipal purpose.

JUSTIFICATION:
The continued weakening economy is severely impacting many local
governments.
Property taxes are increasing and many taxpayers are unable to afford
annual tax increases. Because of the weak economy in many of these
communities, establishing a sound budget and providing the necessary
services is becoming much tougher. In today's environment, local
governments are consequently searching for new, innovative and
creative ways of finding revenue streams. It is therefore incumbent
upon the New York state legislature to provide municipalities with
local options that would assist generating revenues to fund services
and maintain municipality owned property. Providing the local
government with greater flexibility in leasing naming rights for
municipal owned facilities can generate critical revenues thereby
relying less on property tax increases.


LEGISLATIVE HISTORY:
2009-10: A.9433 (Latimer) - Referred to Local Governments

FISCAL IMPLICATIONS:
None to NY State.

EFFECTIVE DATE:
This act will take effect immediately.

S7507-2011 Text

                      S T A T E   O F   N E W   Y O R K
  ________________________________________________________________________

                                    7507

                              I N  SENATE

                                May 30, 2012
                                 ___________

  Introduced  by Sen. McDONALD -- read twice and ordered printed, and when
    printed to be committed to the Committee on Local Government

  AN ACT to amend the general municipal law, in relation to allowing muni-
    cipalities to lease naming rights for government owned property

    THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
  BLY, DO ENACT AS FOLLOWS:


    Section  1.  The  general  municipal  law  is  amended by adding a new
  section 99-w to read as follows:

    S 99-W. TRANSFER AND LEASE OF  NAMING  RIGHTS.  1.  AS  USED  IN  THIS
  SECTION  THE  TERM  "MUNICIPALITY"  SHALL  MEAN  A COUNTY, CITY, TOWN OR
  VILLAGE.
    2. NOTWITHSTANDING ANY OTHER PROVISION  OF  LAW,  A  MUNICIPALITY  MAY
  ENTER  INTO  A CONTRACT TO LEASE THE NAMING RIGHTS OF ANY PROPERTY OWNED
  BY SUCH MUNICIPALITY ACCORDING TO THE REQUIREMENTS OF THIS SECTION.  THE
  CHIEF  EXECUTIVE  OFFICER  OF  THE MUNICIPALITY SHALL BE RESPONSIBLE FOR
  NEGOTIATING THE CONTRACT, SUBJECT TO THE RATIFICATION OF A  MAJORITY  OF
  THE MEMBERS OF THE LEGISLATIVE BODY OF SUCH MUNICIPALITY.
    3.  SUCH  LEASING AGREEMENT SHALL BE FOR A PERIOD OF NOT LESS THAN ONE
  YEAR AND NOT MORE THAN FIVE YEARS.
    4. PRIOR TO THE RATIFICATION OF A CONTRACT PURSUANT TO  THIS  SECTION,
  THE  LEGISLATIVE  BODY OF A MUNICIPALITY SHALL HOLD A PUBLIC HEARING, ON
  NOTICE OF AT LEAST THIRTY DAYS, ANNOUNCING THE INTENTION OF SUCH MUNICI-
  PALITY TO ENTER INTO SUCH A CONTRACT WITH A THIRD PARTY. A PUBLIC  HEAR-
  ING  PURSUANT  TO  THIS  SECTION SHALL NOT BE HELD MORE THAN NINETY DAYS
  PRIOR TO SUCH RATIFICATION.
    5. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, THE PROCEEDS  FROM  ANY
  TRANSACTION  DESCRIBED  IN THIS SECTION MAY BE USED BY SUCH MUNICIPALITY
  FOR ANY LAWFUL MUNICIPAL PURPOSE.
    S 2. This act shall take effect immediately.


   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD16076-01-2