S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8559
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               July 10, 2017
                                ___________
 
 Introduced  by M. of A. KAVANAGH, DINOWITZ, JAFFEE, LIFTON, ORTIZ, PRET-
   LOW, ZEBROWSKI,  COLTON,  DenDEKKER,  GLICK,  HOOPER,  LENTOL,  PERRY,
   RIVERA,  CAHILL, AUBRY, ROSENTHAL, COOK, GUNTHER -- Multi-Sponsored by
   -- M. of A. GALEF, GOTTFRIED, HEVESI, JENNE, LUPARDO, MAGEE,  PEOPLES-
   STOKES,  RAIA,  RAMOS, THIELE, TITONE -- read once and referred to the
   Committee on Ways and Means
 
 AN ACT to amend the public authorities law, in relation to enacting  the
   "public benefits for professional facilities act"
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Short title. This act shall be known and may  be  cited  as
 the "public benefits for professional facilities act".
   §  2.  Article  9 of the public authorities law is amended by adding a
 new title 3-B to read as follows:
                                  TITLE 3-B
                PUBLIC BENEFITS FOR PROFESSIONAL FACILITIES
 SECTION 2860. PROFESSIONAL FACILITIES.
    § 2860. PROFESSIONAL FACILITIES.  1. NO LATER THAN NINETY DAYS  AFTER
 THE  EFFECTIVE  DATE  OF  THIS SUBDIVISION, THE EMPIRE STATE DEVELOPMENT
 CORPORATION SHALL PUBLISH ON ITS WEBSITE AND PROVIDE TO THE  LEGISLATURE
 AN  ACCOUNTING  OF  ALL  BENEFITS  THAT ANY STATE OR LOCAL AUTHORITY HAS
 GRANTED OR OBLIGATED ITSELF TO GRANT FOR THE  PURPOSE  OF  CONSTRUCTION,
 RECONSTRUCTION, REPAIR OR REHABILITATION OF A PROFESSIONAL SPORTS FACIL-
 ITY.  SUCH  ACCOUNTING  SHALL INCLUDE ALL SUCH BENEFITS GRANTED OR OBLI-
 GATED TO BE GRANTED AT ANY TIME ON OR AFTER JANUARY FIRST, TWO  THOUSAND
 ELEVEN.  THEREAFTER,  THE  EMPIRE  STATE  DEVELOPMENT  CORPORATION SHALL
 PUBLISH ON ITS WEBSITE AND PROVIDE TO THE LEGISLATURE AN UPDATE OF  SUCH
 ACCOUNTING  BY  FEBRUARY  FIFTEENTH  OF  EACH  YEAR, COVERING THE PERIOD
 ENDING DECEMBER THIRTY-FIRST OF THE PRECEDING YEAR. ANY STATE  OR  LOCAL
 AUTHORITY THAT HAS GRANTED OR OBLIGATED ITSELF TO GRANT ANY SUCH BENEFIT
 SHALL  REPORT  THE TERMS OF SUCH BENEFIT TO THE EMPIRE STATE DEVELOPMENT
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD01589-01-7

 A. 8559                             2
 
 CORPORATION NO LATER THAN THE EARLIER OF THE DATE THE BENEFIT IS GRANTED
 OR THE DATE THE BENEFIT IS OBLIGATED TO BE GRANTED.
   2.  FOR  THE  PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE
 THE FOLLOWING MEANINGS:
   (A) "BENEFIT" SHALL MEAN ANY DIRECT OR INDIRECT GRANT  OF  FUNDS,  TAX
 REDUCTIONS,  TAX  PREFERENCES, SUBSIDIES, PAYMENTS IN LIEU OF ANY TAX OR
 TAX OBLIGATION, OR ANY OTHER FORM OF PUBLIC SUPPORT.
   (B) "AFFORDABLE" SHALL MEAN WITHIN THE  ECONOMIC  ABILITY  OF  PERSONS
 WHOSE  INCOME IS AT OR BELOW SIXTY PERCENT OF THE AREA MEDIAN INCOME FOR
 A FOUR-PERSON HOUSEHOLD TO PURCHASE TICKETS WITHOUT ECONOMIC HARDSHIP.
   (C) "AFFORDABLE TICKET AGREEMENT" SHALL MEAN A BINDING AGREEMENT AMONG
 THE STATE OR LOCAL AUTHORITY GRANTING A BENEFIT, THE RECIPIENT  OF  SUCH
 BENEFIT,  AND  ANY  OTHER PARTY NECESSARY TO GIVE SUCH AGREEMENT EFFECT,
 THE TERMS OF WHICH ARE PUBLICLY DISCLOSED  NOT  LESS  THAN  THIRTY  DAYS
 BEFORE THE STATE OR LOCAL AUTHORITY GRANTS ANY BENEFIT OR UNDERTAKES ANY
 OBLIGATION  TO  GRANT  SUCH  BENEFIT.    SUCH  AGREEMENT  SHALL  INCLUDE
 PROVISIONS TO PREVENT RESALE OF TICKETS  SUBJECT  TO  THE  AGREEMENT  AT
 PRICES ABOVE FACE VALUE.
   3.  ANY  STATE  OR  LOCAL  AUTHORITY  THAT GRANTS ANY BENEFIT, FOR THE
 PURPOSE OF CONSTRUCTION, RECONSTRUCTION, REPAIR OR REHABILITATION  OF  A
 PROFESSIONAL  SPORTS  FACILITY,  SHALL,  AS A CONDITION OF SUCH BENEFIT,
 REQUIRE THAT AT LEAST SEVEN PERCENT OF ALL TICKETS  FOR  EACH  EVENT  BE
 SUBJECT  TO  AN  AFFORDABLE  TICKET AGREEMENT. FURTHERMORE, SUCH BENEFIT
 SHALL BE CONDITIONED UPON A FACILITY POLICY  THAT  LIMITS  TICKET  PRICE
 INCREASES  TO  NO MORE THAN TWO PERCENT ANNUALLY FOR THE NEXT TEN YEARS,
 IF AT ANY TIME IN THE LAST THREE YEARS SEASON OR INDIVIDUAL TICKETS HAVE
 BEEN OFFERED FOR SALE WITH CUMULATIVE PRICE INCREASES OF MORE THAN THIR-
 TY PERCENT.
   § 3. This act shall take effect immediately.