senate Bill S1393

2011-2012 Legislative Session

Enacts the public benefits for professional facilities act

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to corporations, authorities and commissions
Jan 07, 2011 referred to corporations, authorities and commissions

S1393 - Details

See Assembly Version of this Bill:
A5987
Current Committee:
Law Section:
Public Authorities Law
Laws Affected:
Add Art 9 Title 3-B ยง2860, Pub Auth L
Versions Introduced in 2009-2010 Legislative Session:
S5382, A508A

S1393 - Summary

Enacts the "public benefits for professional facilities act"; defines terms; provides that any state or local authority that grants any benefit, for the purpose of construction, reconstruction, repair or rehabilitation of a professional sports facility, shall, as a condition of such benefit, require that at least seven percent of all tickets for each event be sold at prices affordable to residents of the host community.

S1393 - Sponsor Memo

S1393 - Bill Text download pdf

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

                                  1393

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             January 7, 2011
                               ___________

Introduced  by  Sen. PERKINS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions

AN  ACT to amend the public authorities law, in relation to enacting the
  "public benefits for professional facilities act"

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

  Section  1.  Short  title. This act shall be known and may be cited as
the "public benefits for professional facilities act".
  S 2. Article 9 of the public authorities law is amended  by  adding  a
new title 3-B to read as follows:
                                 TITLE 3-B
               PUBLIC BENEFITS FOR PROFESSIONAL FACILITIES
SECTION 2860. PROFESSIONAL FACILITIES.
   S  2860. PROFESSIONAL FACILITIES.  1. NO LATER THAN NINETY DAYS AFTER
THE EFFECTIVE DATE OF THIS SUBDIVISION,  THE  EMPIRE  STATE  DEVELOPMENT
CORPORATION  SHALL PUBLISH ON ITS WEBSITE AND PROVIDE TO THE LEGISLATURE
AN ACCOUNTING OF ALL BENEFITS THAT ANY  STATE  OR  LOCAL  AUTHORITY  HAS
GRANTED  OR  OBLIGATED  ITSELF TO GRANT FOR THE PURPOSE OF CONSTRUCTION,
RECONSTRUCTION, REPAIR OR REHABILITATION OF A PROFESSIONAL SPORTS FACIL-
ITY. SUCH ACCOUNTING SHALL INCLUDE ALL SUCH BENEFITS  GRANTED  OR  OBLI-
GATED  TO BE GRANTED AT ANY TIME ON OR AFTER JANUARY FIRST, TWO THOUSAND
NINE. THEREAFTER, THE EMPIRE STATE DEVELOPMENT CORPORATION SHALL PUBLISH
ON ITS WEBSITE AND PROVIDE TO THE LEGISLATURE AN UPDATE OF SUCH ACCOUNT-
ING BY FEBRUARY FIFTEENTH OF  EACH  YEAR,  COVERING  THE  PERIOD  ENDING
DECEMBER THIRTY-FIRST OF THE PRECEDING YEAR. ANY STATE OR LOCAL AUTHORI-
TY  THAT HAS GRANTED OR OBLIGATED ITSELF TO GRANT ANY SUCH BENEFIT SHALL
REPORT THE TERMS OF SUCH BENEFIT TO THE EMPIRE STATE DEVELOPMENT  CORPO-
RATION  NO  LATER THAN THE EARLIER OF THE DATE THE BENEFIT IS GRANTED OR
THE DATE THE BENEFIT IS OBLIGATED TO BE GRANTED.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01007-01-1

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