senate Bill S3947

Signed By Governor
2011-2012 Legislative Session

Relates to a bail bond secured by real property

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A7388 -


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 03, 2011 signed chap.305
Jul 22, 2011 delivered to governor
Jun 14, 2011 returned to assembly
passed senate
3rd reading cal.350
substituted for s3947
Jun 14, 2011 substituted by a7388
May 02, 2011 advanced to third reading
Apr 13, 2011 2nd report cal.
Apr 12, 2011 1st report cal.350
Mar 10, 2011 referred to codes

S3947 - Details

See Assembly Version of this Bill:
A7388
Law Section:
Criminal Procedure Law
Laws Affected:
Amd ยง500.10, CP L

S3947 - Summary

Relates to a bail bond secured by real property.

S3947 - Sponsor Memo

S3947 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3947

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             March 10, 2011
                               ___________

Introduced  by  Sen.  DeFRANCISCO  -- (at request of the Office of Court
  Administration) -- read twice and ordered printed, and when printed to
  be committed to the Committee on Codes

AN ACT to amend the criminal procedure law, in relation to a  bail  bond
  secured by real property

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph (b) of subdivision 17 of section  500.10  of  the
criminal  procedure  law, as amended by chapter 316 of the laws of 1992,
is amended to read as follows:
  (b) Real property having a value of at least twice the total amount of
the undertaking. For purposes of this paragraph, value of real  property
is determined by EITHER:
  (I)  dividing  the  last  assessed  value of such property by the last
given equalization rate or in a special assessing unit,  as  defined  in
article  eighteen  of  the  real property tax law, the appropriate class
ratio established pursuant to section twelve hundred two of such law  of
the  assessing  municipality  wherein  the  property  is situated and by
deducting from the resulting figure the total amount  of  any  liens  or
other encumbrances upon such property; OR
  (II)  THE  VALUE OF THE PROPERTY AS INDICATED IN A CERTIFIED APPRAISAL
REPORT SUBMITTED BY A STATE CERTIFIED GENERAL REAL ESTATE APPRAISER DULY
LICENSED BY THE DEPARTMENT OF STATE AS PROVIDED IN SECTION  ONE  HUNDRED
SIXTY-J  OF THE EXECUTIVE LAW, AND BY DEDUCTING FROM THE APPRAISED VALUE
THE TOTAL AMOUNT OF ANY LIENS OR OTHER ENCUMBRANCES UPON SUCH  PROPERTY.
A LIEN REPORT ISSUED BY A TITLE INSURANCE COMPANY LICENSED UNDER ARTICLE
SIXTY-FOUR  OF  THE  INSURANCE LAW, THAT GUARANTEES THE CORRECTNESS OF A
LIEN SEARCH CONDUCTED BY IT, SHALL BE PRESUMPTIVE PROOF  OF  LIENS  UPON
THE PROPERTY.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09519-01-1

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