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Senate Bill S6522B

Signed By Governor

2011-2012 Legislative Session

Relates to the definition of private transfer fee obligations

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Archive: Last Bill Status Via A9390 - Signed by Governor

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Bill Amendments

2011-S6522 - Details

See Assembly Version of this Bill:
A9390
Law Section:
Real Property Law
Laws Affected:
Amd §§472 & 473, RP L

2011-S6522 - Summary

Relates to the definition of private transfer fee obligations.

2011-S6522 - Sponsor Memo

2011-S6522 - Bill Text download pdf 

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

                                  6522

                            I N  S E N A T E

                            February 21, 2012
                               ___________

Introduced  by  Sen.  LIBOUS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Judiciary

AN ACT to amend the real property law, in  relation  to  definitions  of
  private transfer fee obligations

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

  Section 1. Subdivision 2 of section 472 of the real  property  law  is
amended  by  adding  three  new  paragraphs  (j), (k) and (l) to read as
follows:
  (J) ANY FEE, CHARGE OR ASSESSMENT  PAYABLE  BY  THE  TRANSFEREE  TO  A
CORPORATION OR COMPANY FORMED PURSUANT TO THE PRIVATE HOUSING LAW.
  (K)  ANY  FEE,  CHARGE  OR  ASSESSMENT  PAYABLE BY THE TRANSFEREE TO A
CORPORATION OR COMPANY THAT HAS RECEIVED A LOAN OR SUBSIDY  PURSUANT  TO
THE PRIVATE HOUSING FINANCE LAW OR GENERAL MUNICIPAL LAW.
  (L) ANY AMOUNTS PAYABLE TO A GOVERNMENT ENTITY.
  S 2. Paragraph (g) of subdivision 2 of section 472 of the real proper-
ty  law, as added by chapter 522 of the laws of 2011, is amended to read
as follows:
  (g) Any fee, charge, assessment, fine, or other amount  payable  to  a
homeowners',  condominium, cooperative, mobile home, or property owners'
association pursuant to  a  declaration  [or],  covenant,  DULY  ADOPTED
BY-LAW, PROPRIETARY LEASE or law applicable to such association, includ-
ing, but not limited to, fees or charges payable for estoppel letters or
certificates  issued  by  the  association  or  its authorized agent. No
amount shall be paid to a homeowners', condominium, cooperative,  mobile
home,  or  property owners' association for the payment to the declarant
of the condominium or the creator of a homeowners', cooperative,  mobile
home or property owners' association, or their designee.
  S 3. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14661-01-2

2011-S6522A - Details

See Assembly Version of this Bill:
A9390
Law Section:
Real Property Law
Laws Affected:
Amd §§472 & 473, RP L

2011-S6522A - Summary

Relates to the definition of private transfer fee obligations.

2011-S6522A - Sponsor Memo

2011-S6522A - Bill Text download pdf 

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

                                 6522--A

                            I N  S E N A T E

                            February 21, 2012
                               ___________

Introduced  by  Sen.  LIBOUS -- read twice and ordered printed, and when
  printed to be committed to the Committee  on  Judiciary  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT  to  amend  the real property law, in relation to definitions of
  private transfer fee obligations

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

  Section  1.  Subdivision  2 of section 472 of the real property law is
amended by adding three new paragraphs (j),  (k)  and  (l)  to  read  as
follows:
  (J)  ANY  FEE,  CHARGE  OR  ASSESSMENT  PAYABLE BY THE TRANSFEREE TO A
CORPORATION OR COMPANY FORMED PURSUANT TO THE  PRIVATE  HOUSING  FINANCE
LAW.
  (K)  ANY  FEE,  CHARGE  OR  ASSESSMENT  PAYABLE BY THE TRANSFEREE TO A
CORPORATION OR COMPANY THAT HAS RECEIVED A LOAN OR SUBSIDY  PURSUANT  TO
THE PRIVATE HOUSING FINANCE LAW OR GENERAL MUNICIPAL LAW.
  (L) ANY AMOUNTS PAYABLE TO A GOVERNMENT ENTITY.
  S 2. Paragraph (g) of subdivision 2 of section 472 of the real proper-
ty  law, as added by chapter 522 of the laws of 2011, is amended to read
as follows:
  (g) Any fee, charge, assessment, fine, or other amount  payable  to  a
homeowners',  condominium, cooperative, mobile home, or property owners'
association pursuant to  a  declaration  [or],  covenant,  DULY  ADOPTED
BY-LAW, PROPRIETARY LEASE or law applicable to such association, includ-
ing, but not limited to, fees or charges payable for estoppel letters or
certificates  issued  by  the  association  or  its authorized agent. No
amount shall be paid to a homeowners', condominium, cooperative,  mobile
home,  or  property owners' association for the payment to the declarant
of the condominium or the creator of a homeowners', cooperative,  mobile
home or property owners' association, or their designee.
  S  3.  This  act  shall take effect immediately and shall be deemed to
have been in full force and effect on and after September 23, 2011.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14661-03-2

2011-S6522B (ACTIVE) - Details

See Assembly Version of this Bill:
A9390
Law Section:
Real Property Law
Laws Affected:
Amd §§472 & 473, RP L

2011-S6522B (ACTIVE) - Summary

Relates to the definition of private transfer fee obligations.

2011-S6522B (ACTIVE) - Sponsor Memo

2011-S6522B (ACTIVE) - Bill Text download pdf 

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

                                 6522--B

                            I N  S E N A T E

                            February 21, 2012
                               ___________

Introduced  by  Sen.  LIBOUS -- read twice and ordered printed, and when
  printed to be committed to the Committee  on  Judiciary  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  --  committee  discharged,  bill amended, ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the real property law, in  relation  to  definitions  of
  private transfer fee obligations

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

  Section 1. Subdivision 2 of section 472 of the real  property  law  is
amended  by  adding  three  new  paragraphs  (j), (k) and (l) to read as
follows:
  (J) ANY FEE, CHARGE OR ASSESSMENT  PAYABLE  BY  THE  TRANSFEREE  TO  A
CORPORATION  OR  COMPANY  FORMED PURSUANT TO THE PRIVATE HOUSING FINANCE
LAW.
  (K) ANY FEE, CHARGE OR ASSESSMENT  PAYABLE  BY  THE  TRANSFEREE  TO  A
CORPORATION  OR  COMPANY THAT HAS RECEIVED A LOAN OR SUBSIDY PURSUANT TO
THE PRIVATE HOUSING FINANCE LAW OR GENERAL MUNICIPAL LAW.
  (L) ANY AMOUNTS PAYABLE TO A GOVERNMENT ENTITY.
  S 2. Paragraph (g) of subdivision 2 of section 472 of the real proper-
ty law, as added by chapter 522 of the laws of 2011, is amended to  read
as follows:
  (g)  Any  fee,  charge, assessment, fine, or other amount payable to a
homeowners', condominium, cooperative, mobile home, or property  owners'
association  pursuant  to  a  declaration  [or],  covenant, DULY ADOPTED
BY-LAW, PROPRIETARY LEASE or law applicable to such association, includ-
ing, but not limited to, fees or charges payable for estoppel letters or
certificates issued by the  association  or  its  authorized  agent.  No
amount  shall be paid to a homeowners', condominium, cooperative, mobile
home, or property owners' association for the payment to  the  declarant
of  the condominium or the creator of a homeowners', cooperative, mobile
home or property owners' association, or their designee.
  S 3. Section 473 of the real property law, as added by chapter 522  of
the laws of 2011, is amended to read as follows:

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

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