Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Oct 26, 2015 |
signed chap.407 |
Oct 14, 2015 |
delivered to governor |
Jun 17, 2015 |
returned to senate passed assembly ordered to third reading rules cal.483 substituted for a7911 |
Jun 11, 2015 |
referred to ways and means delivered to assembly passed senate ordered to third reading cal.1513 committee discharged and committed to rules |
Jun 03, 2015 |
referred to corporations, authorities and commissions |
Senate Bill S5777
Signed By Governor2015-2016 Legislative Session
Sponsored By
(D, IP) Senate District
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
Actions
Votes
co-Sponsors
(D, WF) 63rd Senate District
2015-S5777 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7911
- Law Section:
- Not-for-Profit Corporation Law
- Laws Affected:
- Amd §§1608 & 1609, N-PC L
2015-S5777 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5777 TITLE OF BILL: An act to amend the not-for-profit corporation law, in relation to the acquisition and disposition of property by land banks PURPOSE: This bill exempts New York State Land Banks from recording fees and 2897 of the Public Authorities Law. SUMMARY OF PROVISIONS: Section 1: Amends § 1608(a) of the Not-For-Profit Corporation Law to exempt Land Banks from recording fees. Section 2: Adds new paragraph (a-1) to § 1609 of the Not-For-Profit Corporation Law, exempting land banks from the property disposition requirements of § 2897 of the Public Authorities Law. Section 3: Establishes the effective date. JUSTIFICATION: Land Banks were authorized in 2011 by the State Legislature as a new
2015-S5777 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5777 2015-2016 Regular Sessions I N S E N A T E June 3, 2015 ___________ Introduced by Sen. VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the not-for-profit corporation law, in relation to the acquisition and disposition of property by land banks THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of section 1608 of the not-for-profit corpo- ration law, as added by chapter 257 of the laws of 2011, is amended to read as follows: (a) The real property of a land bank and its income and operations are exempt from all taxation by the state of New York and by any of its political subdivisions. NOTWITHSTANDING ANY OTHER GENERAL, SPECIAL OR LOCAL LAW RELATING TO FEES OF CLERKS, NO CLERK SHALL CHARGE OR COLLECT A FEE FOR FILING, RECORDING OR INDEXING ANY PAPER, DOCUMENT, MAP OR PROCEEDING FILED, RECORDED OR INDEXED FOR A LAND BANK, OR AN OFFICER THEREOF ACTING IN AN OFFICIAL CAPACITY, NOR FOR FURNISHING A TRANSCRIPT, CERTIFICATION OR COPY OF ANY PAPER, DOCUMENT, MAP OR PROCEEDING TO BE USED FOR LAND BANK PURPOSES. S 2. Section 1609 of the not-for-profit corporation law is amended by adding a new paragraph (a-1) to read as follows: (A-1) THIS SECTION GOVERNING THE DISPOSITION OF PROPERTY BY LAND BANKS SHALL SUPERSEDE SECTION TWENTY-EIGHT HUNDRED NINETY-SEVEN OF THE PUBLIC AUTHORITIES LAW IN THE GOVERNANCE OF PROPERTY DISPOSITIONS BY LAND BANKS AND, AS SUCH, NOTWITHSTANDING ANY OTHER GENERAL, SPECIAL OR LOCAL LAW TO THE CONTRARY, SECTION TWENTY-EIGHT HUNDRED NINETY-SEVEN OF THE PUBLIC AUTHORITIES LAW SHALL NOT APPLY TO LAND BANKS. S 3. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11414-01-5
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