Bill Text: NY A03907 | 2025-2026 | General Assembly | Introduced

---

Bill Title: Requires the metropolitan transportation authority to establish a marketing program to solicit corporate sponsorships for naming rights of transit facilities owned by the authority; directs revenues to be placed in the metropolitan transportation authority finance fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-01-30 - referred to corporations, authorities and commissions [A03907 Detail]

Download: New_York-2025-A03907-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          3907

                               2025-2026 Regular Sessions

                   IN ASSEMBLY

                                    January 30, 2025
                                       ___________

        Introduced by M. of A. WEPRIN -- read once and referred to the Committee
          on Corporations, Authorities and Commissions

        AN ACT to amend the public authorities law, in relation to requiring the
          metropolitan transportation authority to establish a marketing program
          to solicit corporate sponsorships

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Section 1266 of the public authorities law  is  amended  by
     2  adding a new subdivision 5-a to read as follows:
     3    5-a.  (a) The authority shall establish a marketing program to solicit
     4  corporate sponsorships. Such marketing program shall allow  corporations
     5  to bid on naming rights for individual transit facilities of the author-
     6  ity  used for service in the transportation of passengers, United States
     7  mail or personal property as a common carrier for  hire  located  within
     8  the  metropolitan  commuter transportation district. The authority shall
     9  have discretion to accept bids and contract for  corporate  sponsorships
    10  as it deems necessary.
    11    (b) Any revenue received by the authority pursuant to this subdivision
    12  shall  be  deposited  into  the  metropolitan  transportation  authority
    13  finance fund pursuant to section twelve hundred seventy-h of this title.
    14    § 2. Subdivision 2 of section 1270-h of the public authorities law, as
    15  amended by section 13 of part UU of chapter 59 of the laws of  2018,  is
    16  amended to read as follows:
    17    2.  The comptroller shall deposit into the metropolitan transportation
    18  authority finance fund  (a)  monthly,  pursuant  to  appropriation,  the
    19  moneys  deposited  in the mobility tax trust account of the metropolitan
    20  transportation authority  financial  assistance  fund  pursuant  to  any
    21  provision  of  law directing or permitting the deposit of moneys in such
    22  fund, [and] (b) without  appropriation,  the  revenue  including  taxes,
    23  interest and penalties collected in accordance with article twenty-three
    24  of the tax law, and (c) any revenue generated from the marketing program
    25  established  pursuant  to  subdivision  five-a of section twelve hundred
    26  sixty-six of this title.
    27    § 3. This act shall take effect immediately.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07827-01-5