PROCUREMENT LOBBYING LAW
FREQUENTLY ASKED QUESTIONS (FAQs)
Replaces previously released version in its entirety
4.6. How do the new State Finance Law provisions apply to real estate transactions? (Last Updated: 2/16/2006)
A: The new 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.
See State Finance Law §139-j (1) (b).