S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9885
 
                           I N  A S S E M B L Y
 
                              April 26, 2024
                                ___________
 
 Introduced by M. of A. SIMONE -- read once and referred to the Committee
   on Economic Development
 
 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.
   §  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.
              

                                                            LBD03325-03-4
 A. 9885                             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.
   §  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.