Bill > S06871

This bill amends the New York State Urban Development Corporation Act to extend the amount of time between notice of a project and a public hearing across several different contexts. Specifically, the bill changes the mandatory waiting period from ten days to thirty days for public hearings related to sales or leases of project areas, and from ten days to fourteen business days for public hearings involving municipal property transfers and community board notifications. The bill maintains existing requirements for public notice, which include publishing details about proposed transactions such as the identity of the purchaser or lessee, the price or rental to be paid, and other essential conditions of the sale or lease. A notable exception is included for cases where the corporation determines that publishing certain details might reveal confidential business information, in which case the public hearing requirements can be waived by a unanimous vote of the corporation's directors. The extended notice periods are intended to provide more time for stakeholders to review and prepare for public hearings, potentially increasing transparency and community engagement in urban development projects.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S6871