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 / Committee: CORPORATIONS, AUTHORITIES AND COMMISSIONS
Law Section: Public Authorities Law / Law: Amd S2897, Pub Auth L
Sponsor: GRIFFO / Committee: CORPORATIONS, AUTHORITIES AND COMMISSIONS
Law Section: Public Authorities Law / Law: Amd S2897, Pub Auth L
S2868-2011 Actions
- Jan 4, 2012: REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
- Jun 24, 2011: COMMITTED TO RULES
- Mar 7, 2011: ADVANCED TO THIRD READING
- Mar 3, 2011: 2ND REPORT CAL.
- Mar 2, 2011: 1ST REPORT CAL.149
- Feb 2, 2011: REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
S2868-2011 Meetings
Corporations, Authorities and Commissions: Mar 2, 2011S2868-2011 Calendars
Floor Calendar: Mar 3, 2011 , Floor Calendar: Mar 7, 2011 , Floor Calendar: Mar 8, 2011 , Floor Calendar: Mar 9, 2011 , Floor Calendar: Mar 10, 2011 , Floor Calendar: Mar 14, 2011 , Floor Calendar: Mar 15, 2011 , Floor Calendar: Mar 16, 2011 , Floor Calendar: Mar 21, 2011 , Floor Calendar: Mar 22, 2011 , Floor Calendar: Mar 23, 2011 , Floor Calendar: Mar 24, 2011 , Floor Calendar: Mar 28, 2011 , Floor Calendar: Mar 29, 2011 , Floor Calendar: Mar 30, 2011 , Floor Calendar: Mar 31, 2011 , Floor Calendar: Apr 4, 2011 , Floor Calendar: Apr 5, 2011 , Floor Calendar: Apr 6, 2011 , Floor Calendar: Apr 11, 2011 , Floor Calendar: Apr 12, 2011 , Floor Calendar: Apr 13, 2011 , Floor Calendar: May 2, 2011 , Floor Calendar: May 3, 2011 , Floor Calendar: May 4, 2011 , Floor Calendar: May 9, 2011 , Floor Calendar: May 10, 2011 , Floor Calendar: May 11, 2011 , Floor Calendar: May 16, 2011 , Floor Calendar: May 17, 2011 , Floor Calendar: May 18, 2011 , Floor Calendar: May 23, 2011 , Floor Calendar: May 24, 2011 , Floor Calendar: May 25, 2011 , Floor Calendar: Jun 1, 2011 , Floor Calendar: Jun 2, 2011 , Floor Calendar: Jun 6, 2011 , Floor Calendar: Jun 7, 2011 , Floor Calendar: Jun 13, 2011 , Floor Calendar: Jun 14, 2011 , Floor Calendar: Jun 15, 2011 , Floor Calendar: Jun 16, 2011 , Floor Calendar: Jun 17, 2011 , Floor Calendar: Jun 21, 2011 , Floor Calendar: Jun 22, 2011 , Floor Calendar: Jun 23, 2011 , Floor Calendar: Jun 24, 2011S2868-2011 Votes
VOTE: COMMITTEE VOTE:
- Corporations, Authorities and Commissions
- Mar 2, 2011
Ayes (4): Ranzenhofer, Flanagan, Larkin, Martins
Ayes W/R (2): Perkins, Squadron
S2868-2011 Memo
BILL NUMBER:S2868 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: 2009-2010: S.1626 Corporation Committee/A.7034 Corporations Committee FISCAL IMPLICATIONS: To be determined. EFFECTIVE DATE: Immediate.
S2868-2011 Text
S T A T E O F N E W Y O R K
2868 2011-2012 Regular Sessions I N SENATE February 2, 2011
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. LBD07014-01-1
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