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Assembly Bill A6894

2017-2018 Legislative Session

Relates to the creation of a land bank in Livingston County

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2017-A6894 (ACTIVE) - Details

Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §1603, N-PC L

2017-A6894 (ACTIVE) - Summary

Relates to the creation of a land bank in Livingston county and extends the land bank limit to twenty-one in order to do so.

2017-A6894 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6894
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 24, 2017
                                ___________
 
 Introduced by M. of A. ERRIGO -- read once and referred to the Committee
   on Local Governments
 
 AN  ACT  to amend the not-for-profit corporation law, in relation to the
   creation of a land bank in Livingston county
 
   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 amended by chapter 106 of the laws of 2014, is amended to
 read as follows:
   (g) Nothing in this article shall be construed to authorize the exist-
 ence of more than [twenty] TWENTY-ONE land banks located in the state at
 one time, PROVIDED, HOWEVER, THAT ONE SUCH LAND BANK SHALL BE CREATED IN
 THE COUNTY OF LIVINGSTON, provided further that each foreclosing govern-
 mental 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.
   § 2. This act shall take effect immediately.
 

 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10696-01-7

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