Relates to the amount of time between notice of a project and a public hearing

This bill modifies the New York State Urban Development Corporation Act to increase the time required between publishing a notice for a project and holding the associated public hearing. It extends the waiting period from ten days to thirty days for sales or leases of development projects, while also adjusting the notice timeline for municipal property transfers and community board notifications to fourteen business days. The legislation includes a provision allowing the corporation to waive public notice requirements if disclosing details would reveal trade secrets, provided this waiver is approved by a unanimous vote of the directors. These changes directly affect the Urban Development Corporation, municipalities, and community boards involved in real estate transactions and development planning within the state.