New York Laws
Article 18-B - New York State Empire Zones
968 - Disposition of Property.

(b) Any real or personal property owned by any local governmental
entity or the state and located within an empire zone may be sold or
leased to any person pursuant to this section without public bidding or
public sale; provided, however, that there is published in at least one
newspaper of general circulation in the municipality in which the empire
zone is located a notice which shall include a statement of the identity
of the proposed purchaser or lessee and a description of its proposed
use or re-use of the property, the price or rental to be paid by such
purchaser or lessee, all other essential conditions of such sale or
lease, and a statement that a public hearing upon such sale or lease
will be held by the seller or lessor of the property at a specified time
and place on a date not less than ten days nor more than thirty days
after such publication, and provided further that such public hearing is
held in accordance with such notice.

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