NY S07999

Authorizes the village of Kings Point in Nassau County to discontinue and alienate 1.101 acres of parkland located on Kings Point Road.

Validates and legalizes a previous alienation of the same parkland that occurred without prior state legislative authorization.

Requires Kings Point to dedicate 6.642 acres of replacement parkland in three parcels along East Shore Road and Manhasset Bay before the alienation takes effect.

Mandates that if the replacement parkland is worth less than the alienated parkland, the village must dedicate the difference in fair market value toward acquiring additional parklands or funding capital improvements to existing parks.

Requires compliance with federal land and water conservation fund requirements if applicable, including obtaining Secretary of Interior approval that replacement lands are equivalent in fair market value and recreational usefulness.