senate Bill S8717

Signed By Governor
2017-2018 Legislative Session

Increases from 25 to 35, the number of land banks that are authorized statewide

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 28, 2018 signed chap.508
Dec 18, 2018 delivered to governor
Jun 20, 2018 returned to senate
passed assembly
ordered to third reading rules cal.493
substituted for a11233
Jun 12, 2018 referred to local governments
delivered to assembly
passed senate
ordered to third reading cal.1736
committee discharged and committed to rules
May 10, 2018 referred to corporations, authorities and commissions

S8717 (ACTIVE) - Details

See Assembly Version of this Bill:
A11233
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §1603, N-PC L

S8717 (ACTIVE) - Summary

Increases from 25 to 35, the number of land banks that are authorized statewide.

S8717 (ACTIVE) - Sponsor Memo

S8717 (ACTIVE) - Bill Text download pdf


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

                                  8717

                            I N  S E N A T E

                              May 10, 2018
                               ___________

Introduced  by  Sen.  SERINO -- 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
  increasing the number of authorized land banks in the state  to  thir-
  ty-five

  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 section 1 of part DD of chapter 55 of the laws
of 2017, is amended to read as follows:
  (g) Nothing in this article shall be construed to authorize the exist-
ence  of  more  than [twenty-five] THIRTY-FIVE 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.
  § 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15720-01-8

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