Provides that the Syracuse regional airport authority may acquire, hold, own, lease, establish, construct, effectuate, operate, maintain, renovate, improve, extend or repair any of its facilities through, and cause any one or more of its powers, duties, functions or activities to be exercised or performed by, no more than two wholly owned subsidiary corporations of the authority for the purposes of operating parking and concessions including food, beverage, and retail services, and airline and aircraft services including ticketing, baggage and fueling services and other services for the operation of the airport.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A5781
SPONSOR: Magnarelli TITLE OF BILL:
An act to amend the public authorities law, in relation to the Syracuse
regional airport
PURPOSE:
Authorize the Syracuse Regional Airport Authority to form subsidiaries
for assisting with Airport operations.
SUMMARY OF PROVISIONS:
Section 1: Amends the enabling legislation for the Syracuse Regional
Airport Authority to authorize it to form two subsidiary corporations
for the purpose of operating parking and concessions including food,
beverage, and retail services, and airline and aircraft services includ-
ing ticketing, baggage and fueling services and other services for the
operation of the airport.
Section 2: Establishes the effective date.
JUSTIFICATION:
The Syracuse Regional Airport Authority ("Authority") was created by
statute in 2011 to improve and modernize the operation of the Hancock
International Airport ("Hancock") in Syracuse, NY. To date, the Authori-
ty has successfully managed the operation of the Airport and accom-
plished its goal of better coordinating air travel in Central New York.
Over the last decade, the Authority made extensive renovations and
improvements to Hancock's terminal and infrastructure and successfully
attracted new carriers to the Airport.
The Authority is looking to form subsidiary corporations to manage
certain operations at Hancock. These include food and beverage conces-
sions and services to airlines like ticketing, baggage and fueling. The
subsidiaries will enable the Authority to conduct these operations in a
more efficient and cost-effective manner that will increase airport
revenues.
LEGISLATIVE HISTORY:
New bill.
FISCAL IMPLICATIONS:
None to the State.
EFFECTIVE DATE:
Immediately.
