New York A08342 authorizes the city of Albany to use certain park lands from Lincoln Park for any school purposes.

New York A08342 amends the laws of 1953 to authorize the city of Albany to discontinue using certain park lands from Lincoln Park for any school purposes. The city can sell and convey these lands at fair market value. The bill also requires the city to dedicate an amount equal to or greater than the fair market value of the discontinued parklands towards acquiring new parklands or capital improvements to existing park facilities. The authorization is contingent on the city complying with federal requirements for the alienation or conversion of parklands. The act takes effect immediately.

New York A08342 authorizes the city of Albany to use certain park lands from Lincoln Park for any school purposes.

New York A08342 amends the laws of 1953 to authorize the city of Albany to discontinue using certain park lands from Lincoln Park for any school purposes. The city can sell and convey these lands at fair market value. The bill also requires the city to dedicate an amount equal to or greater than the fair market value of the discontinued parklands towards acquiring new parklands or capital improvements to existing park facilities. The authorization is contingent on the city complying with federal requirements for the alienation or conversion of parklands. The act takes effect immediately.