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NY S07507

Bill

Official Source

Status

Introduced

5/30/2012

Primary Sponsor

Roy McDonald

Click for details

Origin

Senate

2011-2012 General Assembly

AI Summary

  • Municipalities (counties, cities, towns, villages) may enter into contracts to lease naming rights for municipally-owned property
  • Chief executive officer negotiates the contract, subject to approval by majority vote of the municipality's legislative body
  • Naming rights leases must have a term of not less than one year and not more than five years
  • Municipality must hold a public hearing with at least 30 days' notice before ratifying a contract, with the hearing held no more than 90 days prior to ratification
  • Revenue from naming rights leases may be used by the municipality for any lawful municipal purpose

Legislative Description

Allows municipalities to lease naming rights of government-owned property.

Last Action

COMMITTED TO RULES

6/21/2012

Committee Referrals

Rules6/21/2012
Local Government5/30/2012

Full Bill Text

No bill text available