senate Bill S2868

2011-2012 Legislative Session

Provides that the New York state canal corporation may sell or lease canal lands or personal property to governmental entities for less than fair market value

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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

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to corporations, authorities and commissions
Jun 24, 2011 committed to rules
Mar 07, 2011 advanced to third reading
Mar 03, 2011 2nd report cal.
Mar 02, 2011 1st report cal.149
Feb 02, 2011 referred to corporations, authorities and commissions

Votes

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Mar 2, 2011 - Corporations, Authorities and Commissions committee Vote

S2868
4
0
committee
4
Aye
0
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
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Corporations, Authorities and Commissions Committee Vote: Mar 2, 2011

aye wr (2)

S2868 - Bill Details

See Assembly Version of this Bill:
A6701
Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd ยง2897, Pub Auth L
Versions Introduced in 2009-2010 Legislative Session:
S1626, A7034

S2868 - Bill Texts

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Provides that the New York state canal corporation may sell or lease certain canal lands or personal property to governmental entities for less than fair market value in the public interest.

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BILL NUMBER:S2868

TITLE OF BILL:
An act
to amend the public authorities law, in relation to permitting the New
York state canal corporation to make certain sales and leases of canal
lands and personal property
to governmental entities for less than fair market value

PURPOSE:
To permit NYS Canal Corporation to sell lands to governmental entities
at a below market value price.

SUMMARY OF PROVISIONS:
Section 2897 of the public authorities law is amended by adding a new
subdivision 8.

JUSTIFICATION:
By allowing the New York State Canal Corporation to make certain sales
and leases of canal lands to governmental entities for less than fair
market value, the public interest will be. served through lands
proposed to be used for public parks or other public purposes.

LEGISLATIVE HISTORY:
2009-2010: S.1626 Corporation Committee/A.7034 Corporations Committee

FISCAL IMPLICATIONS:
To be determined.

EFFECTIVE DATE:
Immediate.

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

                                  2868

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            February 2, 2011
                               ___________

Introduced  by  Sen.  GRIFFO -- 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 permitting
  the New York state canal corporation to make certain sales and  leases
  of canal lands and personal property to governmental entities for less
  than fair market value

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

  Section 1. Section 2897 of the public authorities law  is  amended  by
adding a new subdivision 8 to read as follows:
  8. A. NOTWITHSTANDING ANY OTHER PROVISION OF THIS SECTION OR ANY OTHER
LAW, RULE OR REGULATION TO THE CONTRARY, THE NEW YORK STATE CANAL CORPO-
RATION MAY NEGOTIATE, SELL AND ENTER INTO LEASES OF CANAL LANDS AND SELL
OR LEASE PERSONAL PROPERTY TO AND WITH FEDERAL AGENCIES, STATE AGENCIES,
PUBLIC  BENEFIT  CORPORATIONS,  MUNICIPALITIES  OR  ANY  OTHER POLITICAL
SUBDIVISIONS OF THE STATE FOR LESS THAN  FAIR  MARKET  VALUE  WHEN  SUCH
CORPORATION  DETERMINES  THAT SUCH SALE OR LEASE IS IN THE PUBLIC INTER-
EST.
  B. IN DETERMINING WHETHER  SUCH  SALE  OR  LEASE  OF  CANAL  LANDS  OR
PERSONAL  PROPERTY  IS  IN THE PUBLIC INTEREST, THE NEW YORK STATE CANAL
CORPORATION SHALL CONSIDER WHETHER THE SALE OR LEASE WILL IMPROVE PUBLIC
ACCESS TO CANAL LANDS AND THE WATERS OF THE CANAL SYSTEM OR OTHER PUBLIC
LANDS.
  C. THERE SHALL BE NO REQUIREMENT FOR AN APPRAISAL OF SUCH CANAL  LANDS
OR PERSONAL PROPERTY FOR A SALE OR LEASE.
  D.  THE  TERM  FOR  SUCH  LEASES  SHALL NOT EXCEED FORTY YEARS AND ANY
RENEWAL THEREOF SHALL NOT EXCEED AN ADDITIONAL FORTY YEARS.
  E. SUCH SALES OR LEASES SHALL NOT BE SUBJECT TO ANY PUBLIC ADVERTISING
REQUIREMENTS.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07014-01-1

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