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NY power agency rents to golf courses, yacht club

ALBANY, N.Y. (AP) -- A state audit has found that the New York Power Authority leased public land to two golf courses, a private yacht club and a private university and often didn't collect any rent.

The report from Comptroller Thomas DiNapoli found the authority collects only a few thousand dollars of rent each year for the four properties -- when guidelines suggest the annual payments should exceed $200,000. The authority operates hydroelectric and gas-fired plants and owns nearly 50,000 acres of land.

In one example, a St. Lawrence County country club rents land assessed at $1.8 million for $2,000 a year.

The authority also leases land to a second golf course for $200 but hasn't collected rent since the 1990s.

The St. Lawrence Yacht Club hasn't paid rent since 2010 for land it leases.