S T A T E   O F   N E W   Y O R K
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                                  9798

                          I N  A S S E M B L Y

                              May 22, 2014
                               ___________

Introduced  by M. of A. BRENNAN -- read once and referred to the Commit-
  tee on Corporations, Authorities and Commissions

AN ACT to amend the New York state urban development corporation act, in
  relation to extending the amount of time between notice of  a  project
  and a public hearing

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision (c) of section 6 of section 1 of chapter 174 of
the laws of 1968 constituting  the  New  York  state  urban  development
corporation act, is amended to read as follows:
  (c)  to  any  other  person, firm, partnership or corporation, without
public bidding or public sale, provided there is published in  at  least
one  newspaper  of  general circulation in the municipality in which the
project is located a notice which shall include a statement of the iden-
tity of the proposed purchaser or lessee and  of  his  proposed  use  or
reuse  of  the  land  use improvement project area or applicable portion
thereof, the price or rental to be paid by such purchaser or lessee, all
other essential conditions of such sale or lease, and a statement that a
public hearing upon such sale or lease will be held  before  the  corpo-
ration at a specified time and place on a date not less than [ten] THIR-
TY  days  after  such publication, and provided further that such public
hearing is held in accordance with such notice.
  S 2. Subdivision 2 of section 8 of section 1 of  chapter  174  of  the
laws  of  1968  constituting the New York state urban development corpo-
ration act is amended to read as follows:
  (2) Before any sale or lease of all or a substantial part of a project
as authorized by subdivision one of this section is  consummated,  there
shall  be  published in at least one newspaper of general circulation in
the municipality in which the project is located a  notice  which  shall
include a statement of the identity of the proposed purchaser or lessee,
the  price  or rental to be paid, all other essential conditions of such
sale or lease, and a statement that a public hearing upon such  sale  or
lease  will be held before the corporation at a specified time and place
on a date not less than [ten] THIRTY days after  such  publication,  and

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

                                                           LBD15110-02-4

A. 9798                             2

such  hearing  shall  be  held in accordance with such notice; provided,
however, that if the corporation determines that trade secrets or  other
confidential  information  about the prospective purchaser's or lessee's
business  operations,  products, processes or designs would otherwise be
revealed by such public notice and public hearing, the  requirements  of
this subdivision may be waived by unanimous vote of the directors of the
corporation.
  S  3.  Subdivision  2 of section 14 of section 1 of chapter 174 of the
laws of 1968 constituting the New York state  urban  development  corpo-
ration act, as amended by chapter 576 of the laws of 1969, is amended to
read as follows:
  (2)  Notwithstanding  the  provisions of any general, special or local
law or charter, any municipality, by resolution of its  local  governing
body,  is  hereby  empowered  without referendum, public auction, sealed
bids or public notice, to sell, lease for a term not  exceeding  ninety-
nine  years,  grant or convey to the corporation any real property owned
by it which the corporation shall certify to be necessary or  convenient
for  its  corporate  purposes. Any such sale, lease, grant or conveyance
shall be made with or without consideration  and  upon  such  terms  and
conditions  as  may  be  agreed upon by such municipality and the corpo-
ration. Certification shall be evidenced by a formal  request  from  the
president  of  the  corporation.  Before  any such sale, lease, grant or
conveyance may be made to the corporation, a  public  hearing  shall  be
held  by  the  local governing body to consider the same. Notice of such
hearing shall be published at least [ten] THIRTY days  before  the  date
set  for  the  hearing  in such publication and in such manner as may be
designated by the local governing body.
  S 4. Subparagraph (iii) of paragraph (b) of subdivision 2  of  section
16  of section 1 of chapter 174 of the laws of 1968 constituting the New
York state urban development corporation act, as amended by chapter  732
of the laws of 1990, is amended to read as follows:
  (iii)  in any city having a population of one million or more, provide
to any community board in which the project will be  located,  a  notice
that  such  plan  will be filed upon its adoption by the corporation and
that digests thereof will be available, which notice  shall  also  state
that  a  public hearing will be held to consider the plan at a specified
time and place on a date not less than  [ten]  THIRTY  days  after  such
publication;
  S 5. This act shall take effect immediately.