S1970-2013 - NY Senate Open Legislation - Provides that the New York state canal corporation may sell or lease canal lands or personal property to governmental entities for less than fair market value

Provides that the New York state canal corporation may sell or lease certain canal lands or personal property to governmental entities for less than fair market value in the public interest.

Sponsor: GRIFFO
Law Section: Public Authorities Law
Law: Amd S2897, Pub Auth L

S1970-2013 Actions

Feb 11, 2013: ADVANCED TO THIRD READING
Feb 5, 2013: 2ND REPORT CAL.
Feb 4, 2013: 1ST REPORT CAL.29
Jan 9, 2013: REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

S1970-2013 Meetings

Corporations, Authorities and Commissions: Feb 4, 2013

S1970-2013 Calendars

S1970-2013 Votes

VOTE: COMMITTEE VOTE: - Corporations, Authorities and Commissions - Feb 4, 2013

Ayes (4): Ranzenhofer, Flanagan, Larkin, Martins
Ayes W/R (2): Perkins, Squadron

S1970-2013 Memo

BILL NUMBER:S1970

TITLE OF BILL:  An act to amend the public authorities law, in relation
to permitting the New York state canal corporation to make certain sales
and leases of canal lands and personal property to governmental entities
for less than fair market value

PURPOSE:  To permit NYS Canal Corporation to sell lands to governmental
entities at a below market value price.

SUMMARY OF PROVISIONS:

Section 2897 of the public authorities law is amended by adding a new
subdivision 8.

JUSTIFICATION:  By allowing the New York State Canal Corporation to make
certain sales and leases of canal lands to governmental entities for
less than fair market value, the public interest will be served through
lands proposed to be used for public parks or other public purposes.

LEGISLATIVE HISTORY:  2011-12 S. 2868/A. 6701 - Corporations Committee

FISCAL IMPLICATIONS: To be determined.

EFFECTIVE DATE: Immediate.

S1970-2013 Text


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

                                    1970

                         2013-2014 Regular Sessions

                              I N  SENATE

                                 (PREFILED)

                               January 9, 2013
                                 ___________

  Introduced  by  Sen.  GRIFFO -- read twice and ordered printed, and when
    printed to be committed to the Committee on Corporations,  Authorities
    and Commissions

  AN  ACT  to  amend the public authorities law, in relation to permitting
    the New York state canal corporation to make certain sales and  leases
    of canal lands and personal property to governmental entities for less
    than fair market value

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


    Section 1. Section 2897 of the public authorities law  is  amended  by
  adding a new subdivision 8 to read as follows:

    8. A. NOTWITHSTANDING ANY OTHER PROVISION OF THIS SECTION OR ANY OTHER
  LAW, RULE OR REGULATION TO THE CONTRARY, THE NEW YORK STATE CANAL CORPO-
  RATION MAY NEGOTIATE, SELL AND ENTER INTO LEASES OF CANAL LANDS AND SELL
  OR LEASE PERSONAL PROPERTY TO AND WITH FEDERAL AGENCIES, STATE AGENCIES,
  PUBLIC  BENEFIT  CORPORATIONS,  MUNICIPALITIES  OR  ANY  OTHER POLITICAL
  SUBDIVISIONS OF THE STATE FOR LESS THAN  FAIR  MARKET  VALUE  WHEN  SUCH
  CORPORATION  DETERMINES  THAT SUCH SALE OR LEASE IS IN THE PUBLIC INTER-
  EST.
    B. IN DETERMINING WHETHER  SUCH  SALE  OR  LEASE  OF  CANAL  LANDS  OR
  PERSONAL  PROPERTY  IS  IN THE PUBLIC INTEREST, THE NEW YORK STATE CANAL
  CORPORATION SHALL CONSIDER WHETHER THE SALE OR LEASE WILL IMPROVE PUBLIC
  ACCESS TO CANAL LANDS AND THE WATERS OF THE CANAL SYSTEM OR OTHER PUBLIC
  LANDS.
    C. THERE SHALL BE NO REQUIREMENT FOR AN APPRAISAL OF SUCH CANAL  LANDS
  OR PERSONAL PROPERTY FOR A SALE OR LEASE.
    D.  THE  TERM  FOR  SUCH  LEASES  SHALL NOT EXCEED FORTY YEARS AND ANY
  RENEWAL THEREOF SHALL NOT EXCEED AN ADDITIONAL FORTY YEARS.
    E. SUCH SALES OR LEASES SHALL NOT BE SUBJECT TO ANY PUBLIC ADVERTISING
  REQUIREMENTS.
    S 2. This act shall take effect immediately.

   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD02946-01-3

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S1970-2013: Provides that the New York state canal corporation may sell or lease canal lands or personal property to governmental entities for less than fair market value