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Assembly Bill A7897

2011-2012 Legislative Session

Authorizes the public sale of taxicab licenses in the city of New York

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Archive: Last Bill Status - In Assembly Committee

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2011-A7897 (ACTIVE) - Details

See Senate Version of this Bill:
S5538
Current Committee:
Assembly Cities
Law Section:
General Business

2011-A7897 (ACTIVE) - Summary

Authorizes the public sale of taxicab licenses in the city of New York.

2011-A7897 (ACTIVE) - Bill Text download pdf 

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

                                  7897

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              May 20, 2011
                               ___________

Introduced  by M. of A. HEASTIE, PERRY, CAMARA -- read once and referred
  to the Committee on Cities

AN ACT authorizing the public sale of taxicab licenses in  the  city  of
  New York

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

  Section 1. The city of New York may, by local law, authorize  the  New
York city taxi and limousine commission or its successor agency to issue
one  thousand five hundred additional taxicab licenses, provided, howev-
er, that such licenses shall be subject to such terms and conditions  as
may  be  prescribed  by  such  local law, and provided further that such
licenses shall be issued by public sale.
  S 2. The city of New York may, by local law, authorize such  taxi  and
limousine  commission, as part of such public sale, to issue a specified
number of restricted taxicab  licenses  together  with  each  additional
taxicab  license authorized by section one of this act, provided, howev-
er, that taxicabs operated pursuant to such restricted taxicab  licenses
shall  be  permitted  to  accept  passengers only in areas designated by
local law as areas that are underserved by taxicab service, and provided
further that such restricted taxicab licenses shall be subject  to  such
other terms and conditions as may be prescribed by such local law.
  S  3. The licenses issued pursuant to sections one and two of this act
shall be transferable subject to limits prescribed by  such  local  law.
Such  local  law  shall also provide that such public sale of such addi-
tional licenses shall be done by public auction, sealed  bids  or  other
competitive  process,  as provided by regulation of such taxi and limou-
sine commission. Such taxi and limousine  commission  is  authorized  to
sell  by  public  auction,  sealed bids or other competitive process, as
provided by regulation  of  such  taxi  and  limousine  commission,  any
license  which  it repossesses as a result of a default by the purchaser
under the terms of any purchase financing offered by  the  city  of  New
York.
  S 4. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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