State Codes and Statutes

Statutes > New-york > Stl > Article-4-a > 59-b

§ 59-b. Purchase  or  acquisition of lands; payment of purchase price.  The commission shall cause an appraisal to be made of just  compensation  to  the  owners  of  the  lands  and  the structures and waters thereon,  appropriated by the state as hereinbefore provided, and of  the  estates  and  interests  therein  of all persons, corporations or municipalities.  The commission shall negotiate with the owners of such property for  the  purchase  thereof,  but  in  no  case  shall  an amount greater than the  appraised compensation for such property be paid.   The  commission  and  the  persons,  corporations  and  municipalities whose property has been  appropriated and  who  have  agreed  upon  a  compensation  to  be  paid  therefor,  shall  enter into an agreement for the conveyance or transfer  of the property appropriated and for the payment of the compensation  to  be  paid, which shall be executed by the commission and the said owners.  Such agreement shall be filed in the office of the comptroller.  If  the  commission is unable to agree as to the compensation to be paid for such  lands  and  the structures and waters thereon, the court of claims shall  have jurisdiction to determine the amount of such compensation, and upon  proceedings being brought before such court as provided by law, an award  shall be made of compensation for the lands, structures  and  waters  or  interests therein so appropriated.    The  persons,  corporations  or municipalities whose property has been  taken under the provisions of this article, and who have agreed upon the  compensation to be paid therefor or to whom an award of compensation has  been made by the court of claims, shall be entitled to interest from the  time of the actual occupancy thereof by the state to  the  date  of  the  payment of the said compensation; but such interest shall cease upon the  service  by the comptroller upon the person, corporation or municipality  entitled thereto of a notice that the state is ready and willing to  pay  the  amount  of  such compensation upon the presentation of proper proof  and vouchers.

State Codes and Statutes

Statutes > New-york > Stl > Article-4-a > 59-b

§ 59-b. Purchase  or  acquisition of lands; payment of purchase price.  The commission shall cause an appraisal to be made of just  compensation  to  the  owners  of  the  lands  and  the structures and waters thereon,  appropriated by the state as hereinbefore provided, and of  the  estates  and  interests  therein  of all persons, corporations or municipalities.  The commission shall negotiate with the owners of such property for  the  purchase  thereof,  but  in  no  case  shall  an amount greater than the  appraised compensation for such property be paid.   The  commission  and  the  persons,  corporations  and  municipalities whose property has been  appropriated and  who  have  agreed  upon  a  compensation  to  be  paid  therefor,  shall  enter into an agreement for the conveyance or transfer  of the property appropriated and for the payment of the compensation  to  be  paid, which shall be executed by the commission and the said owners.  Such agreement shall be filed in the office of the comptroller.  If  the  commission is unable to agree as to the compensation to be paid for such  lands  and  the structures and waters thereon, the court of claims shall  have jurisdiction to determine the amount of such compensation, and upon  proceedings being brought before such court as provided by law, an award  shall be made of compensation for the lands, structures  and  waters  or  interests therein so appropriated.    The  persons,  corporations  or municipalities whose property has been  taken under the provisions of this article, and who have agreed upon the  compensation to be paid therefor or to whom an award of compensation has  been made by the court of claims, shall be entitled to interest from the  time of the actual occupancy thereof by the state to  the  date  of  the  payment of the said compensation; but such interest shall cease upon the  service  by the comptroller upon the person, corporation or municipality  entitled thereto of a notice that the state is ready and willing to  pay  the  amount  of  such compensation upon the presentation of proper proof  and vouchers.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Stl > Article-4-a > 59-b

§ 59-b. Purchase  or  acquisition of lands; payment of purchase price.  The commission shall cause an appraisal to be made of just  compensation  to  the  owners  of  the  lands  and  the structures and waters thereon,  appropriated by the state as hereinbefore provided, and of  the  estates  and  interests  therein  of all persons, corporations or municipalities.  The commission shall negotiate with the owners of such property for  the  purchase  thereof,  but  in  no  case  shall  an amount greater than the  appraised compensation for such property be paid.   The  commission  and  the  persons,  corporations  and  municipalities whose property has been  appropriated and  who  have  agreed  upon  a  compensation  to  be  paid  therefor,  shall  enter into an agreement for the conveyance or transfer  of the property appropriated and for the payment of the compensation  to  be  paid, which shall be executed by the commission and the said owners.  Such agreement shall be filed in the office of the comptroller.  If  the  commission is unable to agree as to the compensation to be paid for such  lands  and  the structures and waters thereon, the court of claims shall  have jurisdiction to determine the amount of such compensation, and upon  proceedings being brought before such court as provided by law, an award  shall be made of compensation for the lands, structures  and  waters  or  interests therein so appropriated.    The  persons,  corporations  or municipalities whose property has been  taken under the provisions of this article, and who have agreed upon the  compensation to be paid therefor or to whom an award of compensation has  been made by the court of claims, shall be entitled to interest from the  time of the actual occupancy thereof by the state to  the  date  of  the  payment of the said compensation; but such interest shall cease upon the  service  by the comptroller upon the person, corporation or municipality  entitled thereto of a notice that the state is ready and willing to  pay  the  amount  of  such compensation upon the presentation of proper proof  and vouchers.