S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2940
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 26, 2021
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed 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] FOUR-
 TEEN BUSINESS days after such publication,  and  provided  further  that
 such public hearing is held in accordance with such notice.
   §  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,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD07585-01-1

 S. 2940                             2
 
 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] FOURTEEN BUSINESS days after such publica-
 tion,  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.
   § 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] FOURTEEN BUSINESS days before
 the date set for the hearing in such publication and in such  manner  as
 may be designated by the local governing body.
   §  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] FOURTEEN BUSINESS days
 after such publication;
   § 5. This act shall take effect immediately.