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Assembly Bill A9657

2021-2022 Legislative Session

Relates to the creation of a land bank in N.Y. city

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee

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2021-A9657 (ACTIVE) - Details

See Senate Version of this Bill:
S5730
Current Committee:
Assembly Cities
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §1603, N-PC L
Versions Introduced in Other Legislative Sessions:
2017-2018: A6911, S5204
2019-2020: A6145, S5109
2023-2024: S2536
2025-2026: S3703

2021-A9657 (ACTIVE) - Summary

Creates a land bank in a city with eight million or more residents by adoption of a local law by the city council; limits board membership to eleven members.

2021-A9657 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9657
 
                           I N  A S S E M B L Y
 
                              March 28, 2022
                                ___________
 
 Introduced  by M. of A. EPSTEIN -- read once and referred to the Commit-
   tee on Cities
 
 AN ACT to amend the not-for-profit corporation law, in relation  to  the
   creation of a land bank in a city with eight million or more residents
   by adoption of a local law by the city council
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The opening paragraph and subparagraph 2 of  paragraph  (a)
 of section 1603 of the not-for-profit corporation law, the opening para-
 graph  as added by chapter 257 of the laws of 2011 and subparagraph 2 as
 amended by chapter 372 of the laws of  2013,  are  amended  to  read  as
 follows:
   Any  foreclosing  governmental  unit  may  create  a  land bank by the
 adoption of a local law, ordinance, or resolution as appropriate to such
 foreclosing governmental unit AND  IN  ADDITION,  ANY  CITY  WITH  EIGHT
 MILLION  OR MORE RESIDENTS MAY CREATE A LAND BANK BY ADOPTION OF A LOCAL
 LAW BY THE CITY COUNCIL which action specifies the following:
   (2) the number of members of  the  board  of  directors,  which  shall
 consist  of  an  odd  number of members, and shall be not less than five
 members nor more than [fifteen] ELEVEN members;
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08986-01-1

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