Bill Text: NY A03659 | 2015-2016 | General Assembly | Introduced

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Bill Title: 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.

Spectrum: Moderate Partisan Bill (Republican 8-1)

Status: (Introduced - Dead) 2016-04-12 - held for consideration in corporations, authorities and commissions [A03659 Detail]

Download: New_York-2015-A03659-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         3659
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 27, 2015
                                      ___________
       Introduced  by  M. of A. TENNEY, MONTESANO, FINCH, KOLB, OAKS, HAWLEY --
         Multi-Sponsored by -- M. of A. BLANKENBUSH, CROUCH, MAGEE -- read once
         and referred to the Committee on Corporations, Authorities and Commis-
         sions
       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:
    1    Section  1.  Section  2897 of the public authorities law is amended by
    2  adding a new subdivision 8 to read as follows:
    3    8. A. NOTWITHSTANDING ANY OTHER PROVISION OF THIS SECTION OR ANY OTHER
    4  LAW, RULE OR REGULATION TO THE CONTRARY, THE NEW YORK STATE CANAL CORPO-
    5  RATION MAY NEGOTIATE, SELL AND ENTER INTO LEASES OF CANAL LANDS AND SELL
    6  OR LEASE PERSONAL PROPERTY TO AND WITH FEDERAL AGENCIES, STATE AGENCIES,
    7  PUBLIC BENEFIT  CORPORATIONS,  MUNICIPALITIES  OR  ANY  OTHER  POLITICAL
    8  SUBDIVISIONS  OF  THE  STATE  FOR  LESS THAN FAIR MARKET VALUE WHEN SUCH
    9  CORPORATION DETERMINES THAT SUCH SALE OR LEASE IS IN THE  PUBLIC  INTER-
   10  EST.
   11    B.  IN  DETERMINING  WHETHER  SUCH  SALE  OR  LEASE  OF CANAL LANDS OR
   12  PERSONAL PROPERTY IS IN THE PUBLIC INTEREST, THE NEW  YORK  STATE  CANAL
   13  CORPORATION SHALL CONSIDER WHETHER THE SALE OR LEASE WILL IMPROVE PUBLIC
   14  ACCESS TO CANAL LANDS AND THE WATERS OF THE CANAL SYSTEM OR OTHER PUBLIC
   15  LANDS.
   16    C.  THERE SHALL BE NO REQUIREMENT FOR AN APPRAISAL OF SUCH CANAL LANDS
   17  OR PERSONAL PROPERTY FOR A SALE OR LEASE.
   18    D. THE TERM FOR SUCH LEASES SHALL  NOT  EXCEED  FORTY  YEARS  AND  ANY
   19  RENEWAL THEREOF SHALL NOT EXCEED AN ADDITIONAL FORTY YEARS.
   20    E. SUCH SALES OR LEASES SHALL NOT BE SUBJECT TO ANY PUBLIC ADVERTISING
   21  REQUIREMENTS.
   22    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07204-01-5