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