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Sponsors
3 Co-sponsors
History
- Referred to local government
- Returned to senate
- Died in assembly
- Referred to local governments
- Delivered to assembly
- Passed senateVote 61–1
- Advanced to third reading
- 2nd report cal.
- 1st report cal.128
- Referred to local government
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Allows municipalities to lease naming rights of government owned property
In Assembly Committee · Local Governments · Sponsor Michelle Schimel
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the general municipal law, in relation to allowing municipalities to lease naming rights for government owned property
Purpose
This bill allows municipalities - counties, cities, towns and villages an option to lease naming rights for governmentally owned properties and facilities (examples include but are not limited to waterfront property, parks, rail-trails, railroad tracks, city buses and stadiums etc.)
Summary of provisions
Section 1 amends the general municipal law by adding a new section 99-x to read as follows; 99-x. Transfer and lease of naming rights. As used in this section the term municipality shall mean a county, city, town, or village.
Subsection 2 states that a municipality may enter into a contract to lease the naming rights of any property owned by such municipality according to the requirements of this section. The chief executive officer of the municipality shall be responsible for negotiating the contract, subject to the ratification of a majority of the members of the legislative body of such municipality.
Subsection 3 notes the leasing agreement shall be for a period of not less than one year and not more than five years.
Subsection 4 stipulates prior to the ratification of a contract pursuant to this section, the legislative body of a municipality shall hold a public hearing, on notice of at least thirty days, announcing the intention of such municipality to enter into such a contract with a third party. A public hearing pursuant to this section shall not be held more than ninety days prior to such ratification.
Subsection 5 states any transaction described in this section may be used by such municipality for any lawful municipal purpose.
Justification
The continued weakening economy is severely impacting many local governments. Property taxes are increasing and many taxpayers are unable to afford annual tax increases. Because of the weak economy in many of these communities, establishing a sound budget and providing the necessary services is becoming much tougher. In today's environment, local governments are consequently searching for new, innovative and creative ways of finding revenue streams,. It is therefore incumbent upon the New York state legislature to provide municipalities with local options that would assist generating revenues to fund services and maintain municipality owned property. Providing the local government with greater flexibility in leasing naming rights for municipal owned facilities can generate critical revenues thereby relying less on property tax increases.
Legislative history
S.932(2014) S.7507(2012) A.9433(2010)
Fiscal implications
None.
Effective date
This act will take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.