senate Bill S5759

2011-2012 Legislative Session

Provides for the creation and administration of land banks, for the conversion of vacant, abandoned or tax-delinquent properties into productive use

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Archive: Last Bill Status - In Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 14, 2011 referred to rules

Co-Sponsors

S5759 - Details

See other versions of this Bill:
S663A
, A373A
Current Committee:
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Add Art 16 §§1600 - 1617, N-PC L; amd §2, Pub Auth L
Versions Introduced in 2009-2010 Legislative Session:
A700A, S4281A

S5759 - Summary

Provides for the creation and administration of land banks, for the conversion of vacant, abandoned or tax-delinquent properties into productive use.

S5759 - Sponsor Memo

S5759 - Bill Text download pdf

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

                                  5759

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              June 14, 2011
                               ___________

Introduced  by  Sens. VALESKY, GRISANTI, KLEIN, PARKER -- read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Rules

AN  ACT  to  amend  the  not-for-profit  corporation  law and the public
  authorities law, in relation to providing for the creation and  admin-
  istration  of  land  banks, for the conversion of vacant, abandoned or
  tax-delinquent properties into productive use

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

  Section  1.  The not-for-profit corporation law is amended by adding a
new article 16 to read as follows:
                               ARTICLE 16
                               LAND BANKS
SECTION 1600. SHORT TITLE.
        1601. LEGISLATIVE INTENT.
        1602. DEFINITIONS.
        1603. CREATION AND EXISTENCE.
        1604. APPLICABILITY OF NEW YORK LAW.
        1605. BOARD OF DIRECTORS.
        1606. STAFF.
        1607. POWERS.
        1608. ACQUISITION OF PROPERTY.
        1609. DISPOSITION OF PROPERTY.
        1610. FINANCING OF LAND BANK OPERATIONS.
        1611. BORROWING AND ISSUANCE OF BONDS.
        1612. PUBLIC RECORDS AND PUBLIC MEETINGS.
        1613. DISSOLUTION OF LAND BANK.
        1614. CONFLICTS OF INTEREST.
        1615. CONSTRUCTION, INTENT AND SCOPE.
        1616. DELINQUENT PROPERTY TAX ENFORCEMENT.
        1617. CONTRACTS.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01212-11-1

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