S T A T E O F N E W Y O R K
________________________________________________________________________
6573
I N S E N A T E
February 29, 2012
___________
Introduced by Sen. STAVISKY -- read twice and ordered printed, and when
printed to be committed to the Committee on Cities
AN ACT to amend the administrative code of the city of New York, in
relation to payment of legal fees incurred by cooperative corporations
or condominiums in connection with tax certiorari proceedings
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The administrative code of the city of New York is amended
by adding a new section 11-240 to read as follows:
S 11-240 TAX CERTIORARI PROCEEDINGS; PAYMENT OF LEGAL FEES. THE CITY
SHALL PAY TWENTY-FIVE PERCENT OF LEGAL FEES INCURRED BY A COOPERATIVE
CORPORATION OR CONDOMINIUM BOARD AS A RESULT OF TAX CERTIORARI
PROCEEDINGS BROUGHT BY THE CORPORATION OR BOARD REGARDLESS OF WHETHER
SUCH CORPORATION OR BOARD PREVAILS IN THE PROCEEDINGS.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14805-01-2