New York S 941: Establishes the reimaging excess New York state property act

Bill Text

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S00941 Summary:

BILL NOS00941 

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SAME ASSAME AS A03921

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SPONSORGALLIVAN

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COSPNSR

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MLTSPNSR

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Add Art 8 Title 30 §§2730 - 2747, Pub Auth L

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Establishes the reimaging excess New York state property act; provides the reimaging excess New York state property authority shall purchase any abandoned, surplus or otherwise unused state-owned real property and reconstruct, renovate, replace, maintain, repair, enlarge, extend, operate, lease, as lessee or lessor, and/or regulate the repurposing of such properties.

Go to top S00941 Actions:

BILL NOS00941 

&nbsp

01/08/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

01/07/2026REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Go to topS00941 Committee&nbspVotes:

Go to topS00941 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS00941 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 941

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. GALLIVAN -- 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 establishing
 the reimaging excess New York state property act

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Article 8 of the public authorities law is amended by
 2 adding a new title 30 to read as follows:
 3 TITLE 30
 4 REIMAGING EXCESS NEW YORK STATE PROPERTY AUTHORITY
 5 Section 2730. Short title.
 6 2731. Definitions.
 7 2732. Reimaging excess New York state property authority.
 8 2733. Powers of the authority.
 9 2734. Environmental applications, proceedings, approvals and
 10 permits.
 11 2735. Bonds of the authority.
 12 2736. Bonds as legal investments.
 13 2737. Exemption from taxation of bonds.
 14 2738. Moneys of the authority.
 15 2739. Agreement of the state.
 16 2740. Remedies of holders of bonds.
 17 2741. Actions against the authority; court proceedings; prefer-
 18 ences; venue.
 19 2742. Limitation of liability; indemnification.
 20 2743. Exemption from taxation of property and income.
 21 2744. Assistance by state officers, departments, boards and
 22 commissions.
 23 2745. State, counties and municipalities not liable on bonds.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02889-01-5

 S. 941 2

 1 2746. Annual reports.
 2 2747. Separability.
 3 § 2730. Short title. This title shall be known and may be cited as the
 4 "Reimaging excess New York state property (RENEW) act".
 5 § 2731. Definitions. As used in this title, the following words and
 6 terms shall have the following meanings unless the context indicates
 7 another or different meaning or intent:
 8 1. "Authority" shall mean the public benefit corporation created by
 9 section twenty-seven hundred thirty-two of this title, known as the
 10 reimaging excess New York state property authority.
 11 2. "Bonds" shall mean the bonds, notes or other evidences of indebt-
 12 edness issued by the authority pursuant to this title and the provisions
 13 of this title relating to bonds and bondholders shall apply with equal
 14 force and effect to notes and noteholders, respectively, unless the
 15 context otherwise clearly requires.
 16 3. "Construction" shall mean the acquisition, erection, building,
 17 alteration, improvement, increase, enlargement, extension, recon-
 18 struction, renovation or rehabilitation of any project financed under
 19 the provisions of this title; the inspection and supervision thereof;
 20 and the engineering, architectural, legal, fiscal and economic investi-
 21 gations and studies, surveys, designs, plans, working drawings, specifi-
 22 cations, procedures and other actions preliminary or incidental thereto.
 23 4. "Cost" as applied to the repurposing of any real property financed
 24 under the provisions of this title embraces all or any part of the cost
 25 of construction and acquisition of all lands, structures, real or
 26 personal property, rights, rights-of-way, franchises, easements and
 27 interests acquired or used for the repurposing of rea