Bill Text: NY A01528 | 2019-2020 | General Assembly | Introduced

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

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2020-01-08 - referred to local governments [A01528 Detail]

Download: New_York-2019-A01528-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          1528
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 15, 2019
                                       ___________
        Introduced  by  M. of A. MAGNARELLI, FRIEND -- read once and referred to
          the Committee on Local Governments
        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:
     1    Section  1.  The  general  municipal  law  is  amended by adding a new
     2  section 99-x to read as follows:
     3    § 99-x. Transfer and lease of  naming  rights.  1.  As  used  in  this
     4  section  the  term  "municipality"  shall  mean  a county, city, town or
     5  village.
     6    2. Notwithstanding any other provision  of  law,  a  municipality  may
     7  enter  into  a contract to lease the naming rights of any property owned
     8  by such municipality according to the requirements of this section.  The
     9  chief  executive  officer  of  the municipality shall be responsible for
    10  negotiating the contract, subject to the ratification of a  majority  of
    11  the members of the legislative body of such municipality.
    12    3.  Such  leasing agreement shall be for a period of not less than one
    13  year and not more than five years.
    14    4. Prior to the ratification of a contract pursuant to  this  section,
    15  the  legislative  body of a municipality shall hold a public hearing, on
    16  notice of at least thirty days, announcing the intention of such munici-
    17  pality to enter into such a contract with a third party. A public  hear-
    18  ing  pursuant  to  this  section shall not be held more than ninety days
    19  prior to such ratification.
    20    5. Notwithstanding any other provision of law, the proceeds  from  any
    21  transaction  described  in this section may be used by such municipality
    22  for any lawful municipal purpose.
    23    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00198-01-9