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Assembly Bill A6348

2015-2016 Legislative Session

Authorizes the formation of community shared property co-op boards

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Archive: Last Bill Status - In Assembly Committee

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2015-A6348 (ACTIVE) - Details

Current Committee:
Assembly Housing
Law Section:
New York City Administrative Code
Laws Affected:
Add ยง16-709, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2017-2018: A548
2019-2020: A79
2021-2022: A121

2015-A6348 (ACTIVE) - Summary

Authorizes the formation of community shared property co-op boards.

2015-A6348 (ACTIVE) - Bill Text download pdf 

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

                                  6348

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 20, 2015
                               ___________

Introduced  by M. of A. PERRY -- read once and referred to the Committee
  on Housing

AN ACT to amend the administrative code of the  city  of  New  York,  in
  relation  to  authorizing  the  formation of community shared property
  co-op boards

  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 26-709 to read as follows:
  S  26-709  COMMUNITY SHARED PROPERTY CO-OP BOARDS. NOTWITHSTANDING ANY
PROVISION OF LAW TO THE CONTRARY, THE MAJORITY OF PROPERTY OWNERS  IN  A
COMMUNITY THAT HAS THREE OR MORE PROPERTIES THAT SHARE A COMMON DRIVEWAY
OR  ACCESS  WAY,  SHALL HAVE THE OPTION TO FORM A NEW CO-OP BOARD, TO BE
KNOWN AS A COMMUNITY SHARED PROPERTY CO-OP BOARD, FOR THE  SOLE  PURPOSE
OF ESTABLISHING RULES, ENTERING INTO CONTRACTS FOR THE REPAIR OR MAINTE-
NANCE  OF  SUCH  COMMON  SHARED PROPERTY AND IMPOSING FEES, INCLUSIVE OF
SAFETY AND SECURITY COSTS, FOR THE REPAIR  AND/OR  MAINTENANCE  OF  SUCH
COMMON SHARED PROPERTY.
  S 2. This act shall take effect on the one hundred twentieth day after
it shall have become a law.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08789-01-5

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