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Assembly Bill A725

2017-2018 Legislative Session

Relates to the investment of private financing in certain state parks

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Archive: Last Bill Status - In Assembly Committee

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2017-A725 (ACTIVE) - Details

Current Committee:
Assembly Tourism, Parks, Arts And Sports Development
Law Section:
Parks, Recreation and Historic Preservation Law
Laws Affected:
Amd §3.09, Pks & Rec L
Versions Introduced in 2015-2016 Legislative Session:
A9391

2017-A725 (ACTIVE) - Summary

Encourages investment by the private sector in the financing, construction and operation of public rental cabins at certain state parks; authorizes agreements not to exceed forty years.

2017-A725 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    725
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 9, 2017
                                ___________
 
 Introduced  by M. of A. GUNTHER -- read once and referred to the Commit-
   tee on Tourism, Parks, Arts and Sports Development
 
 AN ACT to amend the parks, recreation and historic preservation law,  in
   relation  to  encouraging  investment by the private sector at certain
   state parks

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Section 3.09 of the parks, recreation and historic preser-
 vation law is amended by  adding  a  new  subdivision  2-i  to  read  as
 follows:
   2-I.  BE EMPOWERED, IN ADDITION TO ANY OTHER PROVISION OF LAW RELATING
 TO THE IMPROVEMENT AND OPERATION OF PROPERTY UNDER ITS JURISDICTION,  TO
 ENCOURAGE INVESTMENT BY THE PRIVATE SECTOR IN THE FINANCING CONSTRUCTION
 AND  OPERATION  OF  PUBLIC  RENTAL  CABINS  BY ENTERING INTO APPROPRIATE
 AGREEMENTS FOR AN EXTENDED PERIOD NOT  TO  EXCEED  FORTY  YEARS  AT  THE
 FOLLOWING  STATE  PARKS: IN THE SECOND PARK REGION, ALLEGANY STATE PARK;
 IN THE THIRD PARK REGION, HAMLIN BEACH STATE PARK AND  LETCHWORTH  STATE
 PARK;  IN  THE  FOURTH  PARK  REGION, FAIRHAVEN BEACH STATE PARK; IN THE
 FIFTH PARK REGION, GLIMMERGLASS STATE PARK; IN THE EIGHTH  PARK  REGION,
 HARRIMAN  STATE PARK; AND IN THE NINTH PARK REGION, HECKSCHER STATE PARK
 AND WILDWOOD STATE PARK.   ANY SUCH AGREEMENT ENTERED  INTO  UNDER  THIS
 SUBDIVISION  FOR A PERIOD IN EXCESS OF TEN YEARS MUST BE APPROVED BY THE
 DIRECTOR OF THE BUDGET AND MUST PROVIDE FOR A TOTAL  CAPITAL  INVESTMENT
 BY  THE  LICENSEE  OR  LESSEE OVER THE CONTRACT TERM OF NO LESS THAN ONE
 MILLION DOLLARS. SUCH EXTENDED TERM SHALL BE FOR THE PURPOSE OF ASSURING
 A CABIN FINANCIER, CONTRACTOR OR  OPERATOR  ADEQUATE  PROTECTION  AND  A
 COMMERCIALLY  REASONABLE  OPPORTUNITY  TO  FINANCE CONSTRUCTION OF CABIN
 STRUCTURES AND RELATED FIXTURES, EQUIPMENT, SUPPLIES AND OTHER  IMPROVE-
 MENTS,  AND  THE  LENGTH OF TERM SHALL HAVE A DIRECT RELATIONSHIP TO THE
 PERIOD REQUIRED TO FINANCE THE COST OF THE PROJECT. ANY  SUCH  AGREEMENT
 SHALL  BE ENTERED INTO ONLY AFTER A FINDING BY THE COMMISSIONER THAT THE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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