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Senate Bill S452

2023-2024 Legislative Session

Relates to unlawful dealing in real property

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Archive: Last Bill Status - In Senate Committee Codes Committee

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2023-S452 (ACTIVE) - Details

See Assembly Version of this Bill:
A8357
Current Committee:
Senate Codes
Law Section:
Penal Law
Laws Affected:
Add §190.95, Pen L
Versions Introduced in Other Legislative Sessions:
2019-2020: S3403
2021-2022: S1191
2025-2026: S4531, A4139

2023-S452 (ACTIVE) - Summary

Relates to unlawful dealing in real property, when a person uses material governmental information, which he or she knows or has reason to know is non-public, to purchase or sell real property; makes such offense a class A misdemeanor.

2023-S452 (ACTIVE) - Sponsor Memo

2023-S452 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    452
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 4, 2023
                                ___________
 
 Introduced  by  Sens. GIANARIS, RAMOS -- read twice and ordered printed,
   and when printed to be committed to the Committee on Codes
 
 AN ACT to amend the penal law, in relation to unlawful dealing  in  real
   property

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The penal law is amended by adding a new section 190.95  to
 read as follows:
 § 190.95 UNLAWFUL DEALING IN REAL PROPERTY.
   A  PERSON  IS  GUILTY  OF  UNLAWFUL DEALING IN REAL PROPERTY WHEN SUCH
 PERSON USES MATERIAL GOVERNMENTAL INFORMATION WHICH HE OR SHE  KNOWS  OR
 HAS REASON TO KNOW IS NON-PUBLIC TO PURCHASE OR SELL REAL PROPERTY BASED
 ON AN EXPECTED CHANGE IN VALUE OF SUCH PROPERTY RELATING TO SUCH MATERI-
 AL  GOVERNMENTAL  INFORMATION.  FOR  PURPOSES OF THIS SECTION, "MATERIAL
 GOVERNMENTAL INFORMATION" IS ANY MATERIAL INFORMATION ABOUT THE  CERTAIN
 AWARDING  OR APPROVAL OF TAX INCENTIVES, TAX ABATEMENT, PAYMENTS IN LIEU
 OF TAXES, BONDS, NOTES, LOANS, GRANTS, REBATES, CONTRACTS, LAND  USE  OR
 ENVIRONMENTAL  DECISIONS,  INCLUDING  BUT  NOT  LIMITED  TO PLANNING AND
 ZONING APPROVALS AND STATE ENVIRONMENTAL QUALITY REVIEW ACT STATUTES AND
 REGULATIONS, BY ANY STATE OR LOCAL GOVERNMENTAL ENTITY INCLUDING BUT NOT
 LIMITED TO  AUTHORITIES,  BOARDS,  COMMISSIONS,  INDUSTRIAL  DEVELOPMENT
 AGENCIES, AND REGIONAL ECONOMIC DEVELOPMENT COUNCILS.
   UNLAWFUL DEALING IN REAL PROPERTY IS A CLASS A MISDEMEANOR.
   § 2. This act shall take effect on the one hundred eightieth day after
 it shall have become a law.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02665-01-3

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