Authorizes the town of Mount Pleasant to alienate and discontinue the use of certain parklands

This bill authorizes the Town of Mount Pleasant in Westchester County to sell specific parkland to build housing, provided the town simultaneously dedicates an equivalent amount of land as new park space. The legislation requires that the value of the new parkland matches or exceeds the fair market value of the land being sold, with any shortfall used to acquire additional parks or fund improvements. If the town previously received federal funding for the land being sold, it must first meet all federal requirements to ensure the replacement parkland is equally valuable and useful. The law takes effect immediately upon passage, allowing the town's governing body to set the specific terms for the transaction.