New York A 3907: Requires the metropolitan transportation authority to establish a marketing program to solicit corporate sponsorships

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A03907 Summary:

BILL NOA03907 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORWeprin

&nbsp

COSPNSR

&nbsp

MLTSPNSR

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Amd §§1266 & 1270-h, Pub Auth L

&nbsp

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.

Go to top A03907 Actions:

BILL NOA03907 

&nbsp

01/30/2025referred to corporations, authorities and commissions

01/07/2026referred to corporations, authorities and commissions

Go to topA03907 Committee&nbspVotes:

Go to topA03907 Floor&nbspVotes:

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

Go to topA03907 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3907

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 30, 2025
 ___________

 Introduced by 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:

 1 Section 1. Section 1266 of the public authorities law is amended by
 2 adding a new subdivision 5-a to read as follows:
 3 5-a. (a) The authority shall establish a marketing program to solicit
 4 corporate sponsorships. Such marketing program shall allow corporations
 5 to bid on naming rights for individual transit facilities of the author-
 6 ity used for service in the transportation of passengers, United States
 7 mail or personal property as a common carrier for hire located within
 8 the metropolitan commuter transportation district. The authority shall
 9 have discretion to accept bids and contract for corporate sponsorships
 10 as it deems necessary.
 11 (b) Any revenue received by the authority pursuant to this subdivision
 12 shall be deposited into the metropolitan transportation authority
 13 finance fund pursuant to section twelve hundred seventy-h of this title.
 14 § 2. Subdivision 2 of section 1270-h of the public authorities law, as
 15 amended by section 13 of part UU of chapter 59 of the laws of 2018, is
 16 amended to read as follows:
 17 2. The comptroller shall deposit into the metropolitan transportation
 18 authority finance fund (a) monthly, pursuant to appropriation, the
 19 moneys deposited in the mobility tax trust account of the metropolitan
 20 transportation authority financial assistance fund pursuant to any
 21 provision of law directing or permitting the deposit of moneys in such
 22 fund, [and] (b) without appropriation, the revenue including taxes,
 23 interest and penalties collected in accordance with article twenty-three
 24 of the tax law, and (c) any revenue generated from the marketing program
 25 established pursuant to subdivision five-a of section twelve hundred
 26 sixty-six of this title.
 27 § 3. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07827-01-5

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