Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 06, 2017 |
print number 510a |
Jun 06, 2017 |
amend and recommit to judiciary |
Jan 04, 2017 |
referred to judiciary |
Senate Bill S510A
2017-2018 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Judiciary Committee
- 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
Bill Amendments
2017-S510 - Details
- See Assembly Version of this Bill:
- A581
- Current Committee:
- Senate Judiciary
- Law Section:
- Real Property Law
- Laws Affected:
- Add §339-ll, RP L
- Versions Introduced in 2019-2020 Legislative Session:
-
A6811
2017-S510 - Sponsor Memo
BILL NUMBER: S510 TITLE OF BILL : An act to amend the real property law, in relation to creating a residential condominium owner bill of rights PURPOSE : To amend provisions in the not-for-profit corporation law, general business law, and real property law in relation to the enactment of a residential condominium owner's bill of rights SUMMARY OF PROVISIONS : This bill will also enact Enacts a bill of rights for owners of residential condominium units to provide fair and equitable treatment of all unit owners. This bill will provide condo-owners both privately owned and not-for-profit condominium associations the right to transparency which includes the right for condo unit owners to review a complete accounting for all expenditures, capital improvement and or anything in excess of the contingency fund including the budget, a comparison of any and all bidding processes for work to be done in the condominium including work that was conducted and the amounts of contributions of each owner whether individual or group sponsor, billings estimates overages and proof of the expenditures that
2017-S510 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 510 2017-2018 Regular Sessions I N S E N A T E (PREFILED) January 4, 2017 ___________ Introduced by Sen. DIAZ -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary AN ACT to amend the real property law, in relation to creating a resi- dential condominium owner bill of rights THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property law is amended by adding a new section 339-11 to read as follows: § 339-11. RESIDENTIAL CONDOMINIUM OWNER'S BILL OF RIGHTS. THE ORGAN- IZATIONAL AND OPERATING DOCUMENTS OF EVERY RESIDENTIAL CONDOMINIUM ASSO- CIATION, INCLUDING BOTH PRIVATE AND NOT-FOR-PROFIT, ESTABLISHED OR OPER- ATING PURSUANT TO THE LAWS OF THE STATE SHALL GUARANTEE THE FOLLOWING RIGHTS TO EACH UNIT OWNER. 1. THE RIGHT TO TRANSPARENCY. COMPLETE AND ACCURATE FINANCIAL STATE- MENTS, REPORTS OF HIRED ACCOUNTANTS AND CONSULTANTS ON BEHALF OF THE ASSOCIATION, REPORTS BY MUNICIPAL OR COUNTY INSPECTORS, AND APPROVED MINUTES OF THE BOARD OF MANAGERS' MEETINGS SHALL BE AVAILABLE FOR REVIEW WITHIN A TIMELY FASHION OF A REQUEST TO REVIEW, INSPECT, OR COPY. ANY FINANCIAL STATEMENTS, REPORTS, OR MINUTES ORDINARILY PROVIDED TO UNIT OWNERS SHALL BE PROVIDED IN A TIMELY FASHION PURSUANT TO ESTABLISHED TIMETABLES. IN ADDITION TO ANY OTHER NOTICE REQUIRED, THE APPROVED MINUTES OF ALL BOARD AND UNIT OWNER MEETINGS SHALL BE POSTED IN A PROMI- NENT PLACE ACCESSIBLE TO ALL UNIT OWNERS IN EACH BUILDING COMPRISING THE CONDOMINIUM WITHIN ONE DAY OF THEIR APPROVAL. FOR THE PURPOSES OF THIS SUBDIVISION, "FINANCIAL STATEMENTS" SHALL INCLUDE A COMPLETE ACCOUNTING FOR ALL EXPENDITURES, CAPITAL IMPROVEMENTS, OR ANYTHING IN EXCESS OF THE CONTINGENCY FUND INCLUDING THE BUDGET, A COMPARISON OF ANY AND ALL BIDDING PROCESSES FOR WORK TO BE DONE ON THE CONDOMINIUM INCLUDING WORK THAT WAS CONDUCTED AND THE AMOUNTS OF THE CONTRIBUTIONS OF EACH OWNER WHETHER INDIVIDUAL OR GROUP SPONSORED, BILLINGS, ESTIMATES, OVERAGES, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
2017-S510A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A581
- Current Committee:
- Senate Judiciary
- Law Section:
- Real Property Law
- Laws Affected:
- Add §339-ll, RP L
- Versions Introduced in 2019-2020 Legislative Session:
-
A6811
2017-S510A (ACTIVE) - Sponsor Memo
BILL NUMBER: S510A PURPOSE : To amend provisions in the not-for-profit corporation law, general business law, and real property law in relation to the enactment of a residential condominium owner's bill of rights. SUMMARY OF PROVISIONS : This bill will also enact Enacts a bill of rights for owners of residential condominium units to provide fair and equitable treatment of all unit owners. This bill will provide condo-owners in not-for-profit condominium associations the right to transparency which includes the right for condo unit owners to review a complete accounting for all expenditures, capital improvement and or anything in excess of the contingency fund including the budget, a comparison of any and all bidding processes for work to be done in the condominium including work that was conducted and the amounts of contributions of each owner whether individual or group sponsor, billings estimates overages and proof of the expenditures that comprise the total of the surcharge and minutes of each meeting where the planning and voting on the proposal was discussed with all owners and for any and all expenditures not made in the ordinary course of business.
2017-S510A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 510--A 2017-2018 Regular Sessions I N S E N A T E (PREFILED) January 4, 2017 ___________ Introduced by Sen. DIAZ -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property law, in relation to creating a resi- dential condominium owner bill of rights THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property law is amended by adding a new section 339-11 to read as follows: § 339-11. RESIDENTIAL CONDOMINIUM OWNER'S BILL OF RIGHTS. THE ORGAN- IZATIONAL AND OPERATING DOCUMENTS OF A NOT-FOR-PROFIT RESIDENTIAL CONDO- MINIUM ASSOCIATION ESTABLISHED OR OPERATING PURSUANT TO THE LAWS OF THE STATE AND MANAGING THE COMMON CHARGES, ELEMENTS, EXPENSES, OR PROFITS OF THIRTY-FIVE HUNDRED OR MORE UNITS SHALL GUARANTEE THE FOLLOWING RIGHTS TO EACH UNIT OWNER. 1. THE RIGHT TO TRANSPARENCY. COMPLETE AND ACCURATE FINANCIAL STATE- MENTS, REPORTS OF HIRED ACCOUNTANTS AND CONSULTANTS ON BEHALF OF THE ASSOCIATION, REPORTS BY MUNICIPAL OR COUNTY INSPECTORS, AND APPROVED MINUTES OF THE BOARD OF MANAGERS' MEETINGS SHALL BE AVAILABLE FOR REVIEW WITHIN A TIMELY FASHION OF A REQUEST TO REVIEW, INSPECT, OR COPY. ANY FINANCIAL STATEMENTS, REPORTS, OR MINUTES ORDINARILY PROVIDED TO UNIT OWNERS SHALL BE PROVIDED IN A TIMELY FASHION PURSUANT TO ESTABLISHED TIMETABLES. IN ADDITION TO ANY OTHER NOTICE REQUIRED, THE APPROVED MINUTES OF ALL BOARD AND UNIT OWNER MEETINGS SHALL BE POSTED IN A PROMI- NENT PLACE ACCESSIBLE TO ALL UNIT OWNERS IN EACH BUILDING COMPRISING THE CONDOMINIUM WITHIN ONE DAY OF THEIR APPROVAL. FOR THE PURPOSES OF THIS SUBDIVISION, "FINANCIAL STATEMENTS" SHALL INCLUDE A COMPLETE ACCOUNTING FOR ALL EXPENDITURES, CAPITAL IMPROVEMENTS, OR ANYTHING IN EXCESS OF THE CONTINGENCY FUND INCLUDING THE BUDGET, A COMPARISON OF ANY AND ALL EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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