Bill Text: NY A08457 | 2017-2018 | General Assembly | Introduced

New York Assembly Bill 8457 (Prior Session Legislation)

Introduced

Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2018-07-31 - signed chap.129 [A08457 Detail]

Download: New_York-2017-A08457-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          8457
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                      June 16, 2017
                                       ___________
        Introduced  by M. of A. MAGEE -- read once and referred to the Committee
          on Corporations, Authorities and Commissions
        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