Assembly Bill A8819

Signed By Governor
2013-2014 Legislative Session

Increases the number of land banks authorized to exist in the state to twenty

download bill text pdf

Sponsored By

Archive: Last Bill Status - 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

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2013-A8819 (ACTIVE) - Details

See Senate Version of this Bill:
S6731
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §1603, N-PC L

2013-A8819 (ACTIVE) - Summary

Increases the number of land banks authorized to exist in the state to twenty.

2013-A8819 (ACTIVE) - Bill Text download pdf 

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

                                  8819

                          I N  A S S E M B L Y

                            February 18, 2014
                               ___________

Introduced  by  M.  of A. MAGNARELLI -- (at request of the Department of
  Law) -- read once and referred to the Committee on Local Governments

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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