Bill 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

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.

Details

Actions

  • Mar 3, 2014: ADVANCED TO THIRD READING
  • Feb 27, 2014: 2ND REPORT CAL.
  • Feb 26, 2014: 1ST REPORT CAL.176
  • Jan 8, 2014: REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
  • Jun 21, 2013: COMMITTED TO RULES
  • 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

Votes

VOTE: COMMITTEE VOTE: - Corporations, Authorities and Commissions - Feb 4, 2013
Ayes (4): Ranzenhofer, Flanagan, Larkin, Martins
Ayes W/R (2): Perkins, Squadron
VOTE: COMMITTEE VOTE: - Corporations, Authorities and Commissions - Feb 26, 2014
Ayes (4): Ranzenhofer, Flanagan, Larkin, Martins
Ayes W/R (2): Perkins, Squadron

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.


Text

STATE OF NEW YORK ________________________________________________________________________ 1970 2013-2014 Regular Sessions IN 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.

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Discuss!

blog comments powered by Disqus