Provides that in the event that certain lands cease to be used exclusively by the International Boxing Hall of Fame for the purposes of developing, expanding and operating a boxing hall of fame and museum and are not developed by July 31, 2023, title to such lands and any improvements thereon shall revert to the state of New York.
STATE OF NEW YORK
________________________________________________________________________
6677
2017-2018 Regular Sessions
IN SENATE
June 12, 2017
___________
Introduced by Sen. DeFRANCISCO -- read twice and ordered printed, and
when printed to be committed to the Committee on Rules
AN ACT to amend chapter 254 of the laws of 2013 relating to authorizing
the New York state thruway authority to convey certain land located in
the village of Canastota, county of Madison, in relation to the devel-
opment of such land
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 5 of chapter 254 of the laws of 2013 relating to
2 authorizing the New York state thruway authority to convey certain land
3 located in the village of Canastota, county of Madison, is amended to
4 read as follows:
5 § 5. The authorizations to transfer and convey land pursuant to this
6 act shall be subject to the requirement that such lands shall be used
7 exclusively by the International Boxing Hall of Fame for the purposes of
8 developing, expanding and operating a boxing hall of fame and museum. In
9 the event that the lands cease to be used for such purposes, or if such
10 lands are not developed within [5] 10 years from the effective date of
11 this act, title to such lands and any improvements thereon shall revert
12 to the people of the state of New York under the jurisdiction of the New
13 York state thruway authority.
14 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13163-01-7
