N.Y.
Public Authorities Law Section 1729
Transfer of property
1.
The city board and the city, acting by the mayor alone or by resolution of the council, may convey or transfer to the authority, with or without consideration and without any further authorization, any real, personal or mixed property (including inalienable property of the city, except for land mapped as parks), or any interest therein, in order to assist the authority in implementing a five-year educational facilities capital plan.2.
In the event the authority wishes to obtain city property for use as an educational facility pursuant to an approved five-year educational facilities capital plan, the authority shall request such property in writing and shall submit such request directly to the mayor. The mayor shall have thirty days to respond to such request. If the request is denied, the mayor shall set forth in writing the reasons for such denial, including whether the city intends to use such property for other public uses. Such response shall be made available to the public upon request. If the mayor fails to respond to such request, the authority may, at the expiration of the thirty-day period, condemn such property pursuant to its powers under subdivision six of § 1728 (Powers and duties of the authority)section seventeen hundred twenty-eight of this title.
Source:
Section 1729 — Transfer of property, https://www.nysenate.gov/legislation/laws/PBA/1729 (updated Sep. 22, 2014; accessed Dec. 21, 2024).
