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Assembly Bill A9916

2011-2012 Legislative Session

Prohibits the MTA from forgoing, transferring or subleasing a master lease

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

2011-A9916 - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §1265, Pub Auth L

2011-A9916 - Summary

Prohibits the MTA for foregoing, transferring or subleasing a master lease unless it is determined that substantial cost savings can be proven.

2011-A9916 - Bill Text download pdf 

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

                                  9916

                          I N  A S S E M B L Y

                             April 23, 2012
                               ___________

Introduced by M. of A. ABBATE -- read once and referred to the Committee
  on Corporations, Authorities and Commissions

AN ACT to amend the public authorities law, in relation to requiring the
  metropolitan transportation authority to utilize existing real proper-
  ty under its control prior to leasing or otherwise acquiring new prop-
  erty for use as office space

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

  Section 1. Subdivision 7 of section 1265  of  the  public  authorities
law,  as added by chapter 324 of the laws of 1965, is amended to read as
follows:
  7. To acquire, hold and dispose of real or personal  property  in  the
exercise of its powers; PROVIDED, HOWEVER, SUCH AUTHORITY SHALL UNDER NO
CIRCUMSTANCES LEASE OR OTHERWISE ACQUIRE ANY REAL PROPERTY OR ANY INTER-
EST  THEREIN  FOR  USE  AS OFFICE SPACE, UNLESS IT IS DETERMINED THAT NO
REAL PROPERTY CURRENTLY UNDER THE CONTROL OF SUCH  AUTHORITY,  WHICH  IS
SUITABLE FOR SUCH USE, IS AVAILABLE;
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15355-01-2

2011-A9916A (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §1265, Pub Auth L

2011-A9916A (ACTIVE) - Summary

Prohibits the MTA for foregoing, transferring or subleasing a master lease unless it is determined that substantial cost savings can be proven.

2011-A9916A (ACTIVE) - Bill Text download pdf 

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

                                 9916--A

                          I N  A S S E M B L Y

                             April 23, 2012
                               ___________

Introduced by M. of A. ABBATE -- read once and referred to the Committee
  on  Corporations, Authorities and Commissions -- committee discharged,
  bill amended, ordered reprinted as amended  and  recommitted  to  said
  committee

AN  ACT  to amend the public authorities law, in relation to prohibiting
  the metropolitan transportation authority from forgoing,  transferring
  or subleasing an unexpired master lease

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

  Section 1. Subdivision 7 of section 1265  of  the  public  authorities
law,  as added by chapter 324 of the laws of 1965, is amended to read as
follows:
  7. To acquire, hold and dispose of real or personal  property  in  the
exercise of its powers; PROVIDED, HOWEVER, SUCH AUTHORITY SHALL UNDER NO
CIRCUMSTANCES  FORGO,  TRANSFER  OR  SUBLEASE  AN UNEXPIRED MASTER LEASE
UNLESS IT IS DETERMINED THAT A SUBSTANTIAL COST SAVINGS CAN BE PROVEN;
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15355-02-2

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