Relates to disposals and contracts for disposal of property

Latest action Mar 19, 2026

Provides for requirements for disposals and contracts for disposal of property.

Not chosen yet

Where it stands

Passed one of the two chambers; it still needs the other.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

New York State Senate

Same as A7848, the matching bill in the Assembly.

Amends the Public Authorities Law.

Committee

Corporations, Authorities and Commissions · New York State Assembly

Also referred to Corporations, Authorities And Commissions · New York State Senate.

Purpose, from the sponsor's memo

This bill will ensure that when land is disposed of by public authori- ties, certain safeguards are in place, including disclosure of ownership information, ensuring that disposals with that contain rights of first refusal make certain that the land is transferred at or above fair market value, that when land is transferred for less than fair market value, it is in the public interest to do so and the legislature retains oversight.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

Vote: Floor vote
NY SenateMar 19, 2026Result: passed
(61) (0) (0) (2)
Vote: Committee vote · Corporations, Authorities And Commissions
Senate Corporations, Authorities And CommissionsMar 10, 2026Result: passed
(7) (0) (0) (0)
Vote: Floor vote
NY SenateApr 1, 2025Result: passed
(63) (0) (0) (0)
Vote: Committee vote · Corporations, Authorities And Commissions
Senate Corporations, Authorities And CommissionsJan 28, 2025Result: passed
(7) (0) (0) (0)

Cosponsors

Lea Webb

Democratic1

Lea Webb

See the full list on nysenate.gov

The sponsor's argument

Why Leroy Comrie says this is needed

Despite numerous reforms and good work from the Authorities Budget Office, there are still a myriad number of loopholes that Public Author- ities, IDAs, and the like use to keep the public in the dark. Current- ly, Authorities use loopholes to dispose of land at below market rate, with additional sweeteners such as rights of first refusal on additional parcels. In addition, loopholes are used to bypass certain oversight and transparency requirements. This legislation tightens up said require- ments while ensuring that Authorities can still act as Economic Develop- ment conduits.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

Mar 19, 2026
Sent to the executive
DELIVERED TO ASSEMBLY
NY Senate
Mar 19, 2026
Passed a chamber
PASSED SENATE
NY Senate
Mar 19, 2026
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Assembly
Mar 12, 2026
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
Mar 11, 2026
2ND Report CAL.
2ND REPORT CAL.
NY Senate

Show full history (12 earlier events)

Mar 10, 2026
1ST Report CAL.507
1ST REPORT CAL.507
NY Senate
Jan 7, 2026
Died in Assembly
DIED IN ASSEMBLY
NY Assembly
Jan 7, 2026
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Assembly
Jan 7, 2026
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Senate
Apr 11, 2025
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Assembly
Apr 1, 2025
Sent to the executive
DELIVERED TO ASSEMBLY
NY Senate
Apr 1, 2025
Passed a chamber
PASSED SENATE
NY Senate
Apr 1, 2025
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Assembly
Feb 4, 2025
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
Feb 3, 2025
2ND Report CAL.
2ND REPORT CAL.
NY Senate
Jan 28, 2025
1ST Report CAL.201
1ST REPORT CAL.201
NY Senate
Jan 21, 2025
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Senate

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Cosponsors: The list shows the cosponsors who are on Agora, A to Z. The official record may list more.
Party colors: Parties are shown in the same neutral colors.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Nov 3, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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