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