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NY S01024

Bill

Official Source

Status

Engrossed

6/11/2015

Primary Sponsor

Martin Dilan

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Amends General Municipal Law Section 74-c to eliminate amortization schedules that previously allowed billboards in non-industrial/non-manufacturing zones to remain for 3-10 years based on fair market value
  • Requires municipalities to provide just compensation under eminent domain law (Article 5 of the Eminent Domain Procedure Law) when removing any legally erected billboard leased or rented for profit, regardless of zoning
  • Excludes cities with a population of one million or more from these compensation requirements
  • Removes the provision that previously allowed staggered removal timelines for billboards outside industrial and manufacturing zones (previously ranged from 3 years for billboards under $1,999 to 10 years for those valued at $10,000 or more)
  • 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

6/15/2016

Committee Referrals

Rules6/15/2016
Local Government1/6/2016
Local Governments6/11/2015
Rules6/10/2015
Local Government1/8/2015

Full Bill Text

No bill text available