Senate Bill S1526

2017-2018 Legislative Session

Relates to the sale or transfer of certain real property by the state or public authorities

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Finance Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2017-S1526 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
Public Authorities Law
Laws Affected:
Amd §2897, Pub Auth L; add §33-a, amd §3, Pub Lds L
Versions Introduced in Other Legislative Sessions:
2011-2012: S5908
2013-2014: S446
2015-2016: S897
2019-2020: S2759
2021-2022: S3151
2023-2024: S1104

2017-S1526 (ACTIVE) - Summary

Relates to the sale or transfer of certain real property by the state or public authorities; requires mandatory review by the attorney general and comptroller of the sale of certain real property; requires notice to members of the legislature and county executives in districts and counties in which land subject to transfer is located of the proposed transfer of state property between state departments, divisions, bureaus, agencies, state agencies, or to a public authority or public benefit corporation.

2017-S1526 (ACTIVE) - Sponsor Memo

2017-S1526 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1526
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 10, 2017
                                ___________
 
 Introduced  by  Sen.  AVELLA -- 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 and the public lands law, in
   relation to the sale or transfer of certain real property by the state
   or public authorities

   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. COMPTROLLER AND ATTORNEY GENERAL APPROVAL OF CONTRACTS. A.  NEGOTI-
 ATED CONTRACTS FOR THE DISPOSAL OF REAL PROPERTY WITH AN ESTIMATED  FAIR
 MARKET  VALUE  IN  EXCESS  OF  TWO  HUNDRED  FIFTY THOUSAND DOLLARS TO A
 PRIVATE ENTITY SHALL REQUIRE SUPERVISION IN THE FORM OF PRIOR REVIEW AND
 APPROVAL OF SUCH CONTRACTS AND ANY SUCH CONTRACT ENTERED INTO  SHALL  BE
 SUBMITTED TO THE COMPTROLLER AND THE ATTORNEY GENERAL FOR THEIR APPROVAL
 AND SHALL NOT BE A VALID ENFORCEABLE CONTRACT UNLESS IT SHALL FIRST HAVE
 BEEN  SO  APPROVED.  THE  COMPTROLLER, IN CONSULTATION WITH THE ATTORNEY
 GENERAL, SHALL PROMULGATE SUCH RULES AND REGULATIONS AS MAY BE NECESSARY
 TO CARRY OUT THEIR RESPONSIBILITIES UNDER THIS  SECTION,  INCLUDING  BUT
 NOT  LIMITED  TO  THE  STANDARDS FOR APPROVING CONTRACTS SUBJECT TO THIS
 SUBDIVISION.
   B. WHERE A CONTRACT IS SUBJECT TO MANDATORY REVIEW BY THE  COMPTROLLER
 AND  THE  ATTORNEY  GENERAL PURSUANT TO PARAGRAPH A OF THIS SUBDIVISION,
 THE VENDOR PUBLIC AUTHORITY SHALL INCLUDE OR CAUSE  TO  BE  INCLUDED  IN
 EACH  SUCH  CONTRACT  A  PROVISION  INFORMING  THE OTHER PARTY THAT SUCH
 CONTRACT IS SUBJECT TO THE  COMPTROLLER'S  AND  THE  ATTORNEY  GENERAL'S
 APPROVAL PURSUANT TO THIS SUBDIVISION AND THE COMPTROLLER'S AUTHORITY TO
 SUPERVISE  THE  ACCOUNTS  OF PUBLIC CORPORATIONS. IF THE COMPTROLLER AND
 THE ATTORNEY GENERAL HAVE  NOT  APPROVED  OR  DISAPPROVED  ANY  CONTRACT
 SUBJECT  TO  HIS OR HER APPROVAL WITHIN NINETY DAYS OF SUBMISSION TO HIS
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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