NY A10139

Authorizes the Town of Oyster Bay to discontinue and convey two parcels of town parkland (8.330 acres and 0.10 acre) to the Department of Environmental Conservation for public access purposes.

Requires the Department of Environmental Conservation to convey replacement parkland totaling approximately 2.93 acres to the Town of Oyster Bay, which the town must acquire and dedicate as parklands before discontinuing the original parcels.

Mandates that if the fair market value of replacement lands is less than the alienated parkland, the Town of Oyster Bay must dedicate funds equal to the difference for acquiring additional parklands or making capital improvements to existing park facilities.

Requires the Town of Oyster Bay to comply with all federal requirements regarding parkland conversion if the original parcels received any federal funding for purchase, maintenance, or improvement.

Takes effect immediately upon enactment.