NY State Senate Bill 2023-S2087

Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions 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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 03, 2024	referred to corporations, authorities and commissions
Jan 18, 2023	referred to corporations, authorities and commissions

2023-S2087 (ACTIVE) - Details

Current Committee:: Senate Corporations, Authorities And Commissions
Law Section:: Public Authorities Law
Laws Affected:: Add Art 9 Title 3-B §2860, Pub Auth L
Versions Introduced in Other Legislative Sessions:: 2017-2018: S7091
2019-2020: S2306
2021-2022: S3134

2023-S2087 (ACTIVE) - Summary

Enacts the "public benefits for professional facilities act"; defines terms; provides that any state or local authority that grants any benefit, for the purpose of construction, reconstruction, repair or rehabilitation of a professional sports facility, shall, as a condition of such benefit, require that at least seven percent of all tickets for each event be sold at prices affordable to residents of the host community.

2023-S2087 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S2087

SPONSOR: KAVANAGH
 
TITLE OF BILL:

An act to amend the public authorities law, in relation to enacting the
"public benefits for professional facilities act"

 
PURPOSE:

To create transparency in the allocation of public benefits to profes-
sional sports stadiums, and to make sure stadiums receiving public funds
are accessible to the community funding them.

 
SUMMARY OF SPECIFIC PROVISIONS:

Section one establishes the act as the "public benefits for professional
facilities act."

Section two adds a new title 3-b to Article 9 of the public authorities
law, which requires the Empire State Development Corporation to annually
publish all benefits or obligations of any state or local authority for

construction, repair, or other work on a professional sports stadium
from January 1, 2011 onwards. Any authority that grants such a benefit
shall require the stadium to set aside seven percent of its tickets to
be "affordable," meaning accessible to a family of four at 60% AMI.

Section three sets forth the effective date.

 
JUSTIFICATION:

Both New York state and localities across the state dedicate public
funds to help finance stadiums for professional sports teams. This bill
provides transparency into how taxpayer dollars are used for private
enterprise, and makes sure that the stadiums financed with money from
the city or state are accessible to its residents through an affordable
ticket program, which would require seven percent of tickets be afforda-
ble to a family of four with an income at 60% of AMI or more.

 
LEGISLATIVE HISTORY:

2022: (Kavanagh) - Corporations, Authorities and Commissions

2021:  (Kavanagh) - Corporations, Authorities and Commissions

 
EFFECTIVE DATE:
This act shall take effect immediately.

2023-S2087 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2087
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 18, 2023
                                ___________
 
 Introduced  by Sen. KAVANAGH -- read twice and ordered printed, and when
   printed to be committed to the Committee on Corporations,  Authorities
   and Commissions
 
 AN  ACT to amend the public authorities law, in relation to enacting the
   "public benefits for professional facilities act"

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Short  title. This act shall be known and may be cited as
 the "public benefits for professional facilities act".
   § 2. Article 9 of the public authorities law is amended  by  adding  a
 new title 3-B to read as follows:
                                  TITLE 3-B
                PUBLIC BENEFITS FOR PROFESSIONAL FACILITIES
 SECTION 2860. PROFESSIONAL FACILITIES.
    §  2860. PROFESSIONAL FACILITIES.  1. NO LATER THAN NINETY DAYS AFTER
 THE EFFECTIVE DATE OF THIS SUBDIVISION,  THE  EMPIRE  STATE  DEVELOPMENT
 CORPORATION  SHALL PUBLISH ON ITS WEBSITE AND PROVIDE TO THE LEGISLATURE
 AN ACCOUNTING OF ALL BENEFITS THAT ANY  STATE  OR  LOCAL  AUTHORITY  HAS
 GRANTED  OR  OBLIGATED  ITSELF TO GRANT FOR THE PURPOSE OF CONSTRUCTION,
 RECONSTRUCTION, REPAIR OR REHABILITATION OF A PROFESSIONAL SPORTS FACIL-
 ITY. SUCH ACCOUNTING SHALL INCLUDE ALL SUCH BENEFITS  GRANTED  OR  OBLI-
 GATED  TO BE GRANTED AT ANY TIME ON OR AFTER JANUARY FIRST, TWO THOUSAND
 ELEVEN. THEREAFTER,  THE  EMPIRE  STATE  DEVELOPMENT  CORPORATION  SHALL
 PUBLISH  ON ITS WEBSITE AND PROVIDE TO THE LEGISLATURE AN UPDATE OF SUCH
 ACCOUNTING BY FEBRUARY FIFTEENTH  OF  EACH  YEAR,  COVERING  THE  PERIOD
 ENDING  DECEMBER  THIRTY-FIRST OF THE PRECEDING YEAR. ANY STATE OR LOCAL
 AUTHORITY THAT HAS GRANTED OR OBLIGATED ITSELF TO GRANT ANY SUCH BENEFIT
 SHALL REPORT THE TERMS OF SUCH BENEFIT TO THE EMPIRE  STATE  DEVELOPMENT
 CORPORATION NO LATER THAN THE EARLIER OF THE DATE THE BENEFIT IS GRANTED
 OR THE DATE THE BENEFIT IS OBLIGATED TO BE GRANTED.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05888-01-3
 S. 2087                             2

 
   2.  FOR  THE  PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE
 THE FOLLOWING MEANINGS:
   (A)  "BENEFIT"  SHALL  MEAN ANY DIRECT OR INDIRECT GRANT OF FUNDS, TAX
 REDUCTIONS, TAX PREFERENCES, SUBSIDIES, PAYMENTS IN LIEU OF ANY  TAX  OR
 TAX OBLIGATION, OR ANY OTHER FORM OF PUBLIC SUPPORT.
   (B)  "AFFORDABLE"  SHALL  MEAN  WITHIN THE ECONOMIC ABILITY OF PERSONS
 WHOSE INCOME IS AT OR BELOW SIXTY PERCENT OF THE AREA MEDIAN INCOME  FOR
 A FOUR-PERSON HOUSEHOLD TO PURCHASE TICKETS WITHOUT ECONOMIC HARDSHIP.
   (C) "AFFORDABLE TICKET AGREEMENT" SHALL MEAN A BINDING AGREEMENT AMONG
 THE  STATE  OR LOCAL AUTHORITY GRANTING A BENEFIT, THE RECIPIENT OF SUCH
 BENEFIT, AND ANY OTHER PARTY NECESSARY TO GIVE  SUCH  AGREEMENT  EFFECT,
 THE  TERMS  OF  WHICH  ARE  PUBLICLY DISCLOSED NOT LESS THAN THIRTY DAYS
 BEFORE THE STATE OR LOCAL AUTHORITY GRANTS ANY BENEFIT OR UNDERTAKES ANY
 OBLIGATION  TO  GRANT  SUCH  BENEFIT.    SUCH  AGREEMENT  SHALL  INCLUDE
 PROVISIONS  TO  PREVENT  RESALE  OF  TICKETS SUBJECT TO THE AGREEMENT AT
 PRICES ABOVE FACE VALUE.
   3. ANY STATE OR LOCAL AUTHORITY  THAT  GRANTS  ANY  BENEFIT,  FOR  THE
 PURPOSE  OF  CONSTRUCTION, RECONSTRUCTION, REPAIR OR REHABILITATION OF A
 PROFESSIONAL SPORTS FACILITY, SHALL, AS A  CONDITION  OF  SUCH  BENEFIT,
 REQUIRE  THAT  AT  LEAST  SEVEN PERCENT OF ALL TICKETS FOR EACH EVENT BE
 SUBJECT TO AN AFFORDABLE TICKET  AGREEMENT.  FURTHERMORE,  SUCH  BENEFIT
 SHALL  BE  CONDITIONED  UPON  A FACILITY POLICY THAT LIMITS TICKET PRICE
 INCREASES TO NO MORE THAN TWO PERCENT ANNUALLY FOR THE NEXT  TEN  YEARS,
 IF AT ANY TIME IN THE LAST THREE YEARS SEASON OR INDIVIDUAL TICKETS HAVE
 BEEN OFFERED FOR SALE WITH CUMULATIVE PRICE INCREASES OF MORE THAN THIR-
 TY PERCENT.
   § 3. This act shall take effect immediately.

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Senate Bill S2087

Sponsored By

Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee

2023-S2087 (ACTIVE) - Details

2023-S2087 (ACTIVE) - Summary

2023-S2087 (ACTIVE) - Sponsor Memo

2023-S2087 (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S2087

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Sponsored By

Brian Kavanagh

Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee

2023-S2087 (ACTIVE) - Details

2023-S2087 (ACTIVE) - Summary

2023-S2087 (ACTIVE) - Sponsor Memo

2023-S2087 (ACTIVE) - Bill Text download pdf

Comments