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Senate Bill S2536

2023-2024 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee

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2023-S2536 (ACTIVE) - Details

Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §1603, N-PC L
Versions Introduced in Other Legislative Sessions:
2017-2018: S5204
2019-2020: S5109
2021-2022: S5730
2025-2026: S3703

2023-S2536 (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.

2023-S2536 (ACTIVE) - Sponsor Memo

2023-S2536 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2536
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 23, 2023
                                ___________
 
 Introduced  by  Sen.  COMRIE -- 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 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.
                                                            LBD03441-01-3

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