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Assembly Bill A11541

2009-2010 Legislative Session

Relates to auction requirements

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2009-A11541 (ACTIVE) - Details

See Senate Version of this Bill:
S8333
Law Section:
General Business Law
Laws Affected:
Amd ยง29, Gen Bus L (as proposed in S.4313-D/A.1730-D)

2009-A11541 (ACTIVE) - Summary

Relates to auction requirements.

2009-A11541 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  11541

                          I N  A S S E M B L Y

                              June 23, 2010
                               ___________

Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Brodsky) --
  read once and referred to the Committee on Tourism,  Parks,  Arts  and
  Sports Development

AN  ACT  to  amend  the  general  business  law,  in relation to auction
  requirements

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 7 of section 29 of the general business law, as
added by a chapter of the laws of 2010 amending the general business law
relating  to  auction  requirements,  as  proposed  in legislative bills
numbers S. 4313-D and A. 1730-D, is amended to read as follows:
  7. Notwithstanding the foregoing, and  unless  otherwise  required  by
law,  in  any county with a population of [two hundred] FORTY-FIVE thou-
sand or less, no written contract shall be required where the reasonably
estimated value of the property to be auctioned is less than one hundred
thousand dollars.
  S 2. Subdivision 8 of section 29 of the general business law, as added
by a chapter of the laws of  2010  amending  the  general  business  law
relating  to  auction  requirements,  as  proposed  in legislative bills
numbers S. 4313-D and A. 1730-D, is amended by adding a new paragraph  f
to read as follows:
  F. THE PROVISIONS OF THIS SECTION SHALL NOT APPLY TO AUCTIONS OF VEHI-
CLES  OR HIGHWAY TOOLS, MACHINERY OR EQUIPMENT CONDUCTED BY OR ON BEHALF
OF THE FEDERAL GOVERNMENT, OR THE STATE, ITS AGENCIES, BUREAUS,  BOARDS,
COMMISSIONS  AND AUTHORITIES, OR ANY POLITICAL SUBDIVISION OF THE STATE,
OR THE AGENCIES AND AUTHORITIES OF ANY SUCH SUBDIVISION.
  S 3. This act shall take effect on the  same  date  and  in  the  same
manner  as  a  chapter of the laws of 2010 amending the general business
law relating to auction requirements, as proposed in  legislative  bills
numbers S. 4313-D and A. 1730-D, takes effect.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD17868-01-0

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