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N.Y. PBA Law § 1114-S

This is the official text of N.Y. PBA Law § 1114-S, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.

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Acquisition by eminent domain

Official statutory text

* § 1114-s. Acquisition by eminent domain. Notwithstanding any\nprovision of the eminent domain procedure law to the contrary, in any\nproceeding brought by the authority pursuant to said law, title shall\nvest in the authority and compensation shall be paid only:\n 1. upon a decision by the supreme court that compensation for the\nproperty so condemned shall be determined solely by the income\ncapitalization method of valuation, based on the actual net income as\nallowed by the public service commission; and\n 2. upon such court's determination of the amount of such compensation,\nbased upon the income capitalization method, entry of the final\njudgment, the filing of the final decree, and the conclusion of any\nappeal or expiration of the time to file an appeal related to the\ncondemnation proceeding. Should any court determine that a method of\ncompensation other than the income capitalization method be utilized, or\nif the proposed award is more than the rate base of the assets taken in\ncondemnation as utilized by the public service commission in setting\nrates and as certified by the public service commission, the authority\nmay withdraw the condemnation proceeding without prejudice or costs to\nany party.\n * NB There are 2 § 1114-s's\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.