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Assembly Bill A10746

2009-2010 Legislative Session

Authorizes the disposition of proceeds from the sale of public lands and personal property of the state for the purpose of reducing state-sponsored debt

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Sponsored By

Archive: Last Bill Status - In Assembly Committee

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2009-A10746 (ACTIVE) - Details

Current Committee:
Assembly Governmental Operations
Law Section:
Public Lands Law
Laws Affected:
Amd §§21, 23, 24, 25, 38 & 59-a, Pub Lds L; amd §167, add §73, St Fin L

2009-A10746 (ACTIVE) - Summary

Authorizes the disposition of proceeds from the sale of public lands and personal property of the state for the purpose of reducing state-sponsored debt.

2009-A10746 (ACTIVE) - Sponsor Memo

2009-A10746 (ACTIVE) - Bill Text download pdf

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

                                  10746

                          I N  A S S E M B L Y

                             April 19, 2010
                               ___________

Introduced by M. of A. ALESSI -- read once and referred to the Committee
  on Governmental Operations

AN  ACT  to  amend  the  public  lands law and the state finance law, in
  relation to disposition of proceeds from the sale of public lands  and
  personal property of the state for the purpose of reducing state-spon-
  sored debt

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

  Section 1. Subdivision a of section 21 of the  public  lands  law,  as
amended  by  chapter  706  of  the  laws  of 1977, is amended to read as
follows:
  a.  The  commissioner  of  general  services  is  authorized,  in  his
discretion,  to  sell  and  convey  at public or private sale, upon such
terms and conditions as he may deem proper, all  the  right,  title  and
interest  of the state in and to certain strips of abandoned canal lands
or Onondaga salt springs reservation land, which strips adjoin  the  old
beds  of the Erie canal and Oswego canal and side-cut canals, which beds
were heretofore conveyed by the people of the state of New York  and  in
which  said  strips  of land there remains a right, title or interest in
the people of the state of New York. Any such  private  sale,  if  made,
shall  be  to  the  state's  grantee or to the successor to the title or
interest of the beds so previously granted by the state and shall be for
a consideration not less than the appraised value  of  the  said  right,
title  or  interest.    ALL MONEYS CONSTITUTING THE PROCEEDS OF ANY SUCH
DISPOSITION OF SUCH STATE-OWNED REAL PROPERTY SHALL BE  PAID,  FIRST  TO
REPAY  ANY  EXPENDITURES  MADE  BY  THE  OFFICE OF GENERAL SERVICES FROM
MONEYS APPROPRIATED TO SAID OFFICE IN THE FIRST INSTANCE FOR THE  ADMIN-
ISTRATION,  MANAGEMENT,  UTILIZATION AND DISPOSITION OF REAL PROPERTY OF
THE STATE AND ANY RIGHTS OR INTERESTS THEREIN, AND ANY BALANCE  OF  SUCH
MONEYS  REMAINING  AFTER  REPAYMENT  OF  THE FIRST INSTANCE EXPENDITURES
SHALL BE PAID INTO THE STATE TREASURY  THROUGH  THE  OFFICE  OF  GENERAL
SERVICES TO THE CREDIT OF THE STATE-SUPPORTED DEBT REDUCTION FUND ESTAB-
LISHED BY SECTION SEVENTY-THREE OF THE STATE FINANCE LAW.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD16897-02-0
              

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