New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter III - New York State Thruway Authority
Subchapter A - Use And Occupancy Of The Thruway System
Part 106 - Leasing Of Facilities
Section 106.2 - Renewal of leases

Universal Citation: 21 NY Comp Codes Rules and Regs ยง 106.2
Current through Register Vol. 46, No. 39, September 25, 2024

When, in the judgment of the board of the Thruway Authority, it shall be in the best interests of the public, the Thruway Authority and its bondholders, an existing lease for the operation of a gas station, restaurant or other facility may be renewed with an existing lessee, provided that the lessee shall have acquired the original lease as the successful bidder in a public offering, or by Thruway Authority-approved assignment from such a successful bidder; and further provided that the terms and conditions of each renewal agreement shall result in no reduction of the basis on which rental payments to the Thruway Authority are calculated; and further provided that the terms and conditions of the renewal agreement shall result in no diminution of service to the public.

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