PROCUREMENT LOBBYING LAW
FREQUENTLY ASKED QUESTIONS (FAQs)
Replaces previously released version in its entirety
4.6. How do the State Finance Law provisions apply to real estate transactions? (Last Updated: 7/19/2023)
A: The State Finance Law provisions apply to a real estate transaction at the point in time when the Governmental Entity provides written documentation evidencing its decision or determination to proceed with a real estate transaction which includes the purchase, sale, or lease of real property, and also includes the acquisition or granting of other interest in real property. Governmental Entities and Offerers involved in such transaction must comply with the requirements of the Law.
See State Finance Law § 139-j(1) (b).