Bill Text: NY A11233 | 2017-2018 | General Assembly | Introduced
Bill Title: Increases from 25 to 35, the number of land banks that are authorized statewide.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2018-06-20 - substituted by s8717 [A11233 Detail]
Download: New_York-2017-A11233-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 11233 IN ASSEMBLY 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: 1 Section 1. Paragraph (g) of section 1603 of the not-for-profit corpo- 2 ration law, as amended by section 1 of part DD of chapter 55 of the laws 3 of 2017, is amended to read as follows: 4 (g) Nothing in this article shall be construed to authorize the exist- 5 ence of more than [twenty-five] thirty-five land banks located in the 6 state at one time, provided further that each foreclosing governmental 7 unit or units proposing to create a land bank shall submit such local 8 law, ordinance or resolution as required by paragraph (a) of this 9 section, to the urban development corporation, for its review and 10 approval. The creation of a land bank shall be conditioned upon approval 11 of the urban development corporation. 12 § 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
