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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

2017-S8717 (ACTIVE) - Details

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

2017-S8717 (ACTIVE) - Summary

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

2017-S8717 (ACTIVE) - Sponsor Memo

2017-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

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.