Property Transaction Notices

Section 2897(6)(d) of Public Authorities Law requires public authorities to submit to the Authorities Budget Office a written explanation of the circumstances involving the disposal of property through a negotiated transaction not less than 90 days prior to the scheduled date of that transaction. This requirement applies to the following property:

  1. Personal property having an estimated fair market value greater than $15,000;
  2. Real property having an estimated fair market value greater than $100,000, except that any real property disposed of by lease or exchange;
  3. Real property disposed of by lease, if the estimated annual rent over the term of the lease is in excess of $15,000;
  4. Real property disposed of by exchange, regardless of value, or any property any part of the consideration for which is real property;
  5. Related personal property disposed of by exchange, regardless of value, or any property any part of the consideration for which is real property.
Please note that all documents are in PDF format.