Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 22, 2014 |
signed chap.106 |
Jul 11, 2014 |
delivered to governor |
Jun 10, 2014 |
returned to assembly passed senate 3rd reading cal.608 substituted for s6731 |
Jun 10, 2014 |
substituted by a8819 |
May 14, 2014 |
advanced to third reading |
May 13, 2014 |
2nd report cal. |
May 12, 2014 |
1st report cal.608 |
Mar 04, 2014 |
referred to corporations, authorities and commissions |
Senate Bill S6731
Signed By Governor2013-2014 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status Via A8819 - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2013-S6731 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8819
- Law Section:
- Not-for-Profit Corporation Law
- Laws Affected:
- Amd §1603, N-PC L
2013-S6731 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6731 TITLE OF BILL: An act to amend the not-for-profit corporation law, in relation to increasing the number of land banks authorized to exist in the state PURPOSE OR GENERAL IDEA OF BILL: To amend the Not-for-Profit Corporation Law to authorize the creation of additional land banks. SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends the Not-for-Profit Corporation Law to increase the number of land banks in New York state permitted under law from ten to twenty. Section 2 is the effective date. JUSTIFICATION: Under law, only ten land banks may exist in New York State. In less than 2 1/2 years, eight land banks have been created. Several cities, towns and counties are currently considering the formation of land banks. In order to empower these municipalities, New York must increase the number of land banks permitted under law.
2013-S6731 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6731 I N S E N A T E March 4, 2014 ___________ Introduced by Sen. VALESKY -- (at request of the Attorney General) -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the not-for-profit corporation law, in relation to increasing the number of land banks authorized to exist in the state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (g) of section 1603 of the not-for-profit corpo- ration law, as added by chapter 257 of the laws of 2011, is amended to read as follows: (g) Nothing in this article shall be construed to authorize the exist- ence of more than [ten] TWENTY land banks located in the state at one time, provided further that each foreclosing governmental unit or units proposing to create a land bank shall submit such local law, ordinance or resolution as required by paragraph (a) of this section, to the urban development corporation, for its review and approval. The creation of a land bank shall be conditioned upon approval of the urban development corporation. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13702-01-4
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