Assembly Bill A11233

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 Via S8717 - 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

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2017-A11233 (ACTIVE) - Details

See Senate Version of this Bill:
S8717
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §1603, N-PC L

2017-A11233 (ACTIVE) - Summary

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

2017-A11233 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   11233
 
                           I N  A S S E M B L Y
 
                               June 15, 2018
                                ___________
 
 Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Barrett) --
   read once and referred to the Committee on Local Governments
 
 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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