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History
- Referred to corporations, authorities and commissions
- Committed to rules
- Advanced to third reading
- 2nd report cal.
- 1st report cal.275
- Referred to corporations, authorities and commissions
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.
Provides that the New York state canal corporation may sell or lease canal lands or personal property to governmental entities for less than fair market value
In Assembly Committee · Corporations, Authorities And Commissions · Sponsor Claudia Tenney
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S3883
Title of bill
An act to amend the public authorities law, in relation to permitting the New York state canal corporation to make certain sales and leases of canal lands and personal property to governmental entities for less than fair market value
Purpose
This bill would allow the New York State Canal Corporation to make certain sales and leases of canal lands to governmental entities (federal agencies, state agencies, public benefit corporations, municipalities or other political subdivisions of the State) for less than fair market value when the Canal Corporation determines that such sale or lease is in the public interest.
Leases are limited to 40 years and any renewal cannot exceed an additional 40 years.
Sales or leases executed pursuant to this provision are subject to any public advertising requirements.
Summary of provisions
Section 2897 of the Public Authorities Law is amended by adding a new subdivision 8.
Justification
By allowing the New York State Canal Corporation to make certain sales and leases of canal lands to governmental entities for less than fair market value, the public interest will be served through lands proposed to be used for public parks or other public purposes.
Legislative history
2013-14 - S. 1970 - Rules Committee/A. 1803 - Corporations, Authorities and Commissions.
Fiscal implications
To be determined.
Effective date
Immediate.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.