STATE OF NEW YORK
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295
2015-2016 Regular Sessions
IN SENATE(Prefiled)
January 7, 2015
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Introduced by Sen. MARTINS -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government
AN ACT to amend the general municipal law, in relation to allowing muni-
cipalities to lease naming rights for government owned property
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The general municipal law is amended by adding a new
2 section 99-x to read as follows:
3 § 99-x. Transfer and lease of naming rights. 1. As used in this
4 section the term "municipality" shall mean a county, city, town or
5 village.
6 2. Notwithstanding any other provision of law, a municipality may
7 enter into a contract to lease the naming rights of any property owned
8 by such municipality according to the requirements of this section. The
9 chief executive officer of the municipality shall be responsible for
10 negotiating the contract, subject to the ratification of a majority of
11 the members of the legislative body of such municipality.
12 3. Such leasing agreement shall be for a period of not less than one
13 year and not more than five years.
14 4. Prior to the ratification of a contract pursuant to this section,
15 the legislative body of a municipality shall hold a public hearing, on
16 notice of at least thirty days, announcing the intention of such munici-
17 pality to enter into such a contract with a third party. A public hear-
18 ing pursuant to this section shall not be held more than ninety days
19 prior to such ratification.
20 5. Notwithstanding any other provision of law, the proceeds from any
21 transaction described in this section may be used by such municipality
22 for any lawful municipal purpose.
23 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02152-01-5
