Requires the metropolitan transportation authority to establish a marketing program to solicit corporate sponsorships for naming rights of transit facilities owned by the authority; directs revenues to be placed in the metropolitan transportation authority finance fund.
S T A T E O F N E W Y O R K
________________________________________________________________________
10680
I N A S S E M B L Y
August 28, 2024
___________
Introduced by COMMITTEE ON RULES -- (at request of M. of A. Weprin) --
read once and referred to the Committee on Corporations, Authorities
and Commissions
AN ACT to amend the public authorities law, in relation to requiring the
metropolitan transportation authority to establish a marketing program
to solicit corporate sponsorships
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 1266 of the public authorities law is amended by
adding a new subdivision 5-a to read as follows:
5-A. (A) THE AUTHORITY SHALL ESTABLISH A MARKETING PROGRAM TO SOLICIT
CORPORATE SPONSORSHIPS. SUCH MARKETING PROGRAM SHALL ALLOW CORPORATIONS
TO BID ON NAMING RIGHTS FOR INDIVIDUAL TRANSIT FACILITIES OF THE AUTHOR-
ITY USED FOR SERVICE IN THE TRANSPORTATION OF PASSENGERS, UNITED STATES
MAIL OR PERSONAL PROPERTY AS A COMMON CARRIER FOR HIRE LOCATED WITHIN
THE METROPOLITAN COMMUTER TRANSPORTATION DISTRICT. THE AUTHORITY SHALL
HAVE DISCRETION TO ACCEPT BIDS AND CONTRACT FOR CORPORATE SPONSORSHIPS
AS IT DEEMS NECESSARY.
(B) ANY REVENUE RECEIVED BY THE AUTHORITY PURSUANT TO THIS SUBDIVISION
SHALL BE DEPOSITED INTO THE METROPOLITAN TRANSPORTATION AUTHORITY
FINANCE FUND PURSUANT TO SECTION TWELVE HUNDRED SEVENTY-H OF THIS TITLE.
§ 2. Subdivision 2 of section 1270-h of the public authorities law, as
amended by section 13 of part UU of chapter 59 of the laws of 2018, is
amended to read as follows:
2. The comptroller shall deposit into the metropolitan transportation
authority finance fund (a) monthly, pursuant to appropriation, the
moneys deposited in the mobility tax trust account of the metropolitan
transportation authority financial assistance fund pursuant to any
provision of law directing or permitting the deposit of moneys in such
fund, [and] (b) without appropriation, the revenue including taxes,
interest and penalties collected in accordance with article twenty-three
of the tax law, AND (C) ANY REVENUE GENERATED FROM THE MARKETING PROGRAM
ESTABLISHED PURSUANT TO SUBDIVISION FIVE-A OF SECTION TWELVE HUNDRED
SIXTY-SIX OF THIS TITLE.
§ 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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