S T A T E   O F   N E W   Y O R K
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                                  7416

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              May 11, 2015
                               ___________

Introduced  by  M.  of  A.  BRENNAN,  OTIS,  RODRIGUEZ  -- read once and
  referred to the Committee 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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06951-01-5
              

A. 7416                             2

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
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.