S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5551
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             February 24, 2025
                                ___________
 
 Introduced  by  Sen.  CLEARE -- 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 recording and posting of certain public hearings

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (c) of subdivision 1 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] THEIR 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  days
 after such publication, and provided further that such public hearing is
 held  in  accordance  with  such  notice.  SUCH  PUBLIC HEARING SHALL BE
 RECORDED AND SUCH RECORDING SHALL BE POSTED ON THE PUBLIC WEBSITE OF THE
 CORPORATION WITHIN FORTY-EIGHT HOURS OF SUCH HEARING.
   § 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10203-01-5
              

 S. 5551                             2
 
 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 days  after  such  publication,  [and]  such
 hearing  shall  be  held in accordance with such notice AND SUCH HEARING
 SHALL BE RECORDED AND SUCH RECORDING  SHALL  BE  POSTED  ON  THE  PUBLIC
 WEBSITE  OF  THE  CORPORATION  WITHIN FORTY-EIGHT HOURS OF SUCH HEARING;
 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 days before the date set for the
 hearing  in  such publication and in such manner as may be designated by
 the local governing body. SUCH PUBLIC HEARING SHALL BE RECORDED AND SUCH
 RECORDING SHALL BE POSTED ON THE PUBLIC WEBSITE OF THE CORPORATION WITH-
 IN FORTY-EIGHT HOURS OF SUCH HEARING.
   § 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 days after such  publication,
 SUCH PUBLIC HEARING SHALL BE RECORDED AND SUCH RECORDING SHALL BE POSTED
 ON  THE  PUBLIC  WEBSITE  OF THE CORPORATION WITHIN FORTY-EIGHT HOURS OF
 SUCH HEARING;
   § 5. This act shall take effect immediately.