Bill
Bill > A03907
NY A03907
NY A03907Requires 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.
summary
Introduced
01/30/2025
01/30/2025
In Committee
01/30/2025
01/30/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the public authorities law, in relation to requiring the metropolitan transportation authority to establish a marketing program to solicit corporate sponsorships
AI Summary
This bill requires the Metropolitan Transportation Authority (MTA) to create a marketing program that allows corporations to bid on naming rights for transit facilities within the metropolitan commuter transportation district. The program would give corporations the opportunity to pay for the right to have their name associated with specific transit facilities like stations, terminals, or other passenger transportation infrastructure. The MTA would have discretionary power to accept or reject corporate sponsorship bids. Any revenue generated from these corporate sponsorships would be directly deposited into the MTA finance fund, which is used to support the authority's financial operations. The bill amends existing public authorities law to establish this new mechanism for generating additional revenue, and it would take effect immediately upon passage. This approach represents an innovative way for the transportation authority to create a new income stream by leveraging its physical infrastructure and brand visibility.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
referred to corporations, authorities and commissions (on 01/30/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.nysenate.gov/legislation/bills/2025/A3907 |
BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A03907&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A03907 |
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