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Senate Bill S8333

2009-2010 Legislative Session

Relates to auction requirements

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2009-S8333 (ACTIVE) - Details

See Assembly Version of this Bill:
A11541
Law Section:
General Business Law
Laws Affected:
Amd ยง29, Gen Bus L (as proposed in S.4313-D/A.1730-D)

2009-S8333 (ACTIVE) - Summary

Relates to auction requirements.

2009-S8333 (ACTIVE) - Sponsor Memo

2009-S8333 (ACTIVE) - Bill Text download pdf

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

                                  8333

                            I N  S E N A T E

                              June 24, 2010
                               ___________

Introduced  by Sen. SQUADRON -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

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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