Assembly Bill A10680

2023-2024 Legislative Session

Requires the metropolitan transportation authority to establish a marketing program to solicit corporate sponsorships

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-A10680 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §§1266 & 1270-h, Pub Auth L
Versions Introduced in 2025-2026 Legislative Session:
A3907

2023-A10680 (ACTIVE) - Summary

Requires the metropolitan transportation authority to establish a marketing program to solicit corporate sponsorships for naming rights of transit facilities owned by the authority; directs revenues to be placed in the metropolitan transportation authority finance fund.

2023-A10680 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10680
 
                           I N  A S S E M B L Y
 
                              August 28, 2024
                                ___________
 
 Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Weprin) --
   read once and referred to the Committee on  Corporations,  Authorities
   and Commissions
 
 AN ACT to amend the public authorities law, in relation to requiring the
   metropolitan transportation authority to establish a marketing program
   to solicit corporate sponsorships

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 1266 of the public authorities law  is  amended  by
 adding a new subdivision 5-a to read as follows:
   5-A.  (A) THE AUTHORITY SHALL ESTABLISH A MARKETING PROGRAM TO SOLICIT
 CORPORATE SPONSORSHIPS. SUCH MARKETING PROGRAM SHALL ALLOW  CORPORATIONS
 TO BID ON NAMING RIGHTS FOR INDIVIDUAL TRANSIT FACILITIES OF THE AUTHOR-
 ITY  USED FOR SERVICE IN THE TRANSPORTATION OF PASSENGERS, UNITED STATES
 MAIL OR PERSONAL PROPERTY AS A COMMON CARRIER FOR  HIRE  LOCATED  WITHIN
 THE  METROPOLITAN  COMMUTER TRANSPORTATION DISTRICT. THE AUTHORITY SHALL
 HAVE DISCRETION TO ACCEPT BIDS AND CONTRACT FOR  CORPORATE  SPONSORSHIPS
 AS IT DEEMS NECESSARY.
   (B) ANY REVENUE RECEIVED BY THE AUTHORITY PURSUANT TO THIS SUBDIVISION
 SHALL  BE  DEPOSITED  INTO  THE  METROPOLITAN  TRANSPORTATION  AUTHORITY
 FINANCE FUND PURSUANT TO SECTION TWELVE HUNDRED SEVENTY-H OF THIS TITLE.
   § 2. Subdivision 2 of section 1270-h of the public authorities law, as
 amended by section 13 of part UU of chapter 59 of the laws of  2018,  is
 amended to read as follows:
   2.  The comptroller shall deposit into the metropolitan transportation
 authority finance fund  (a)  monthly,  pursuant  to  appropriation,  the
 moneys  deposited  in the mobility tax trust account of the metropolitan
 transportation authority  financial  assistance  fund  pursuant  to  any
 provision  of  law directing or permitting the deposit of moneys in such
 fund, [and] (b) without  appropriation,  the  revenue  including  taxes,
 interest and penalties collected in accordance with article twenty-three
 of the tax law, AND (C) ANY REVENUE GENERATED FROM THE MARKETING PROGRAM
 ESTABLISHED  PURSUANT  TO  SUBDIVISION  FIVE-A OF SECTION TWELVE HUNDRED
 SIXTY-SIX OF THIS TITLE.
   § 3. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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