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NY A10680
Bill
Status
8/28/2024
Primary Sponsor
David Weprin
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AI Summary
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Requires the Metropolitan Transportation Authority (MTA) to establish a marketing program allowing corporations to bid on naming rights for individual transit facilities within the metropolitan commuter transportation district.
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Grants the MTA discretion to accept bids and contract for corporate sponsorships as it deems necessary.
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Directs all revenue generated from corporate sponsorships to be deposited into the Metropolitan Transportation Authority Finance Fund.
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Amends section 1270-h of the public authorities law to classify sponsorship revenue as a funding source for the MTA Finance Fund alongside existing tax revenue and appropriations.
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Takes effect immediately upon enactment.
Legislative Description
Requires the metropolitan transportation authority to establish a marketing program to solicit corporate sponsorships for naming rights of transit facilities owned by the authority; directs revenues to be placed in the metropolitan transportation authority finance fund.
Last Action
referred to corporations, authorities and commissions
8/28/2024