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NY S00410
Bill
Status
5/22/2013
Primary Sponsor
Martin Dilan
Click for details
AI Summary
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Amends General Municipal Law Section 74-c to require just compensation for billboards leased or rented for profit in industrial or manufacturing zones when removed by municipal law, determined under the eminent domain procedure law.
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Eliminates the amortization schedule that previously allowed billboards in non-industrial zones to remain for 3-10 years based on fair market value; instead requires just compensation if removal is mandated sooner than previously allowed periods.
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Provides that just compensation for premature removal must be determined under the eminent domain procedure law or state Department of Transportation valuation tables, with Section 502 of the eminent domain procedure law not applicable.
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Exempts cities with a population of one million or more from these provisions.
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Takes effect immediately upon enactment.
Legislative Description
Provides for giving of just compensation upon the taking of any billboard in accordance with the eminent domain procedure law; removes amortization schedules for the removal of billboards in areas other than industrial and manufacturing zones.
Last Action
referred to local governments
6/19/2014