Bill > A05009

This bill introduces new regulations for the sale or transfer of state-owned real property, requiring mandatory review by the comptroller and attorney general for certain property transactions. Specifically, the bill mandates that any negotiated contract for disposing of real property with an estimated fair market value over $250,000 (for public authorities) or $100,000 (for state lands) must be submitted to the comptroller and attorney general for prior approval. The bill requires that these contracts include a provision notifying the other party about the mandatory review, and if the comptroller and attorney general do not approve or disapprove the contract within 90 days, it automatically becomes valid. Additionally, the bill introduces a new notification requirement for land transfers, mandating that each legislator whose district includes the transferred land must receive written notice with details about the proposed transfer. If a legislator objects within 30 days, the proposed transfer will be reviewed by the director of the budget and the secretary of state, who can affirm or reverse the commissioner of general services' proposed action. The bill aims to increase transparency and oversight in state property transactions, ensuring that legislators and key state officials are informed about and can potentially intervene in significant land transfers.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A5009