Assembly Bill A7854A

Signed By Governor
2021-2022 Legislative Session

Provides the International Boxing Hall of Fame the option to purchase the reverter interest of certain lands conveyed by the New York state thruway authority

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Archive: Last Bill Status Via S6925 - Signed by Governor

  • 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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Bill Amendments

2021-A7854 - Details

See Senate Version of this Bill:
S6925
Law Section:
Conveyance of State Land
Laws Affected:
Amd §5, Chap 254 of 2013

2021-A7854 - Summary

Provides the International Boxing Hall of Fame the option to purchase the reverter interest of certain lands conveyed by the New York state thruway authority.

2021-A7854 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7854
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 28, 2021
                                ___________
 
 Introduced  by M. of A. SALKA -- read once and referred to the Committee
   on Corporations, Authorities and Commissions
 
 AN ACT to repeal section 5 of chapter 254 of the laws of  2013  relating
   to  authorizing the New York state thruway authority to convey certain
   land located in the village of Canastota, county of  Madison  relating
   to the use and development of such land; and to release a reverter and
   easement relating to such land
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 5 of chapter 254 of the laws of  2013  relating  to
 authorizing  the New York state thruway authority to convey certain land
 located in the village of Canastota, county of Madison is REPEALED.
   § 2. Notwithstanding any other law to the contrary, the New York state
 thruway authority shall release to  the  International  Boxing  Hall  of
 Fame,  Inc  the existing permanent easement restricting occupancy to its
 sole use as a residential area, in and all that piece or parcel of prop-
 erty hereinafter designated as parcel no. 275, situate in the village of
 Canastota, town of Lenox, county of Madison, as  described  in  map  221
 (Mohawk-Thruway-Madison  County),  filed  in  the Madison county clerk's
 office on August 20, 1952.
   § 3. Notwithstanding any other provision of law, the  New  York  state
 thruway  authority is hereby authorized and directed to take such action
 as is necessary to release, extinguish and relinquish  to  the  Interna-
 tional Boxing Hall of Fame, Inc, its successors and assigns, any and all
 conditions  and/or  reservations  of the state that limit the use of the
 real property more particularly described in section four of chapter 254
 of the laws of 2013, as amended, and to release, extinguish  and  convey
 to  the  International  Boxing  Hall  of Fame, Inc any and all rights of
 reverter and/or of reversion that the state may have in and to such real
 property, such that such limits of use and/or  the  rights  of  reverter

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11445-03-1

2021-A7854A (ACTIVE) - Details

See Senate Version of this Bill:
S6925
Law Section:
Conveyance of State Land
Laws Affected:
Amd §5, Chap 254 of 2013

2021-A7854A (ACTIVE) - Summary

Provides the International Boxing Hall of Fame the option to purchase the reverter interest of certain lands conveyed by the New York state thruway authority.

2021-A7854A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7854--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 28, 2021
                                ___________
 
 Introduced  by M. of A. SALKA -- read once and referred to the Committee
   on Corporations, Authorities and Commissions  --  recommitted  to  the
   Committee  on  Corporations, Authorities and Commissions in accordance
   with Assembly Rule 3, sec. 2 -- committee  discharged,  bill  amended,
   ordered reprinted as amended and recommitted to said committee

 AN  ACT to amend chapter 254 of the laws of 2013 relating to authorizing
   the New York state thruway authority to convey certain land located in
   the village of Canastota, county of Madison relating to  the  use  and
   development  of  such land, in relation to providing the International
   Boxing Hall of Fame the option to purchase the  reverter  interest  in
   such land
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 5 of chapter 254 of the laws of  2013  relating  to
 authorizing  the New York state thruway authority to convey certain land
 located in the village of Canastota, county of Madison,  as  amended  by
 chapter 129 of the laws of 2018, is amended to read as follows:
   §  5.  The authorizations to transfer and convey land pursuant to this
 act shall be subject to the requirement that such lands  shall  be  used
 exclusively by the International Boxing Hall of Fame for the purposes of
 developing, expanding and operating a boxing hall of fame and museum. In
 the  event that the lands cease to be used for such purposes, or if such
 lands are not developed within 10 years from the effective date of  this
 act,  title  to  such lands and any improvements thereon shall revert to
 the people of the state of New York under the jurisdiction  of  the  New
 York  state thruway authority. THE INTERNATIONAL BOXING HALL OF FAME MAY
 PURCHASE THE REVERTER INTEREST FROM THE PEOPLE OF THE STATE OF NEW  YORK
 AT  THE  CURRENT  FAIR  MARKET  VALUE LESS THE VALUE OF ANY IMPROVEMENTS
 THERETO AS DETERMINED BY INDEPENDENT CERTIFIED APPRAISAL OR  APPRAISALS,
 AND LESS ANY PROPORTIONATE CONSIDERATION PREVIOUSLY PAID.
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11445-04-2

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