* § 6-a. Sale or lease of infrastructure projects.
(1)Notwithstanding\nthe provisions of any general, special or local law, subject to any\nagreement with noteholders or bondholders, the corporation may sell or\nlease any infrastructure project, without public bidding or public sale,\nfor such price or rental and upon such terms as may be agreed upon\nbetween the corporation and such purchaser or lessee, either prior to,\nat the date of, or subsequent to the completion of the project by the\ncorporation, provided, however, that in the case of a lease, the term\nthereof shall not exceed ninety-nine years. Where such contract for sale\nor lease is entered into after the commencement of construction and\nprior to the physical completion of the improvement to be conveyed or\nleased, the cor
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* § 6-a. Sale or lease of infrastructure projects. (1) Notwithstanding\nthe provisions of any general, special or local law, subject to any\nagreement with noteholders or bondholders, the corporation may sell or\nlease any infrastructure project, without public bidding or public sale,\nfor such price or rental and upon such terms as may be agreed upon\nbetween the corporation and such purchaser or lessee, either prior to,\nat the date of, or subsequent to the completion of the project by the\ncorporation, provided, however, that in the case of a lease, the term\nthereof shall not exceed ninety-nine years. Where such contract for sale\nor lease is entered into after the commencement of construction and\nprior to the physical completion of the improvement to be conveyed or\nleased, the corporation may complete the construction and development of\nsuch improvement prior to the actual conveyance or lease.\n (2) Except with respect to projects sold or leased to the state or any\nagency or instrumentality thereof, to any municipality or agency or\ninstrumentality thereof, or to any public corporation, before any sale\nor lease of all or a substantial part of a project as authorized by\nsubdivision one of this section is consummated, there shall be published\nin at least one newspaper of general circulation in the municipality in\nwhich the project is located a notice which shall include a statement of\nthe identity of the proposed purchaser or lessee, the price or rental to\nbe paid, all other essential conditions of such sale or lease, and a\nstatement that a public hearing upon such sale or lease will be held\nbefore the corporation at a specified time and place on a date not less\nthan ten days after such publication, and such hearing shall be held in\naccordance with such notice.\n (3) The responsibilities of the corporation in connection with the\nimplementation of this section may include requesting and receiving\ntitle to real property from the commissioner of general services\npursuant to section thirteen-a of this act. Such transfers shall be on\nsuch terms as the commissioner of general services and the chairman of\nthe corporation shall determine, and shall, subject to any agreement\nwith noteholders and bondholders, include a reversionary interest to the\nstate and the terms on which the property may subsequently be\ntransferred.\n * NB Not implemented due to defeat of the Jobs for the new, New York\nbond act in November, 1992\n