Bill Text: NY S05520 | 2021-2022 | General Assembly | Introduced
Bill Title: Eliminates certain restrictions on the number of land banks located within the state.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2022-01-05 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS [S05520 Detail]
Download: New_York-2021-S05520-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 5520 2021-2022 Regular Sessions IN SENATE March 9, 2021 ___________ Introduced by Sen. STEC -- 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 number of land banks located within the county of Clinton and the city of Plattsburgh The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 1603 of the not-for-profit corporation law is 2 amended by adding a new paragraph (g-1) to read as follows: 3 (g-1) Notwithstanding any other provision of this act, including, but 4 not limited to the authorization for not more than thirty-five land 5 banks in the state at one time as set forth in paragraph (g) of this 6 section, the county of Clinton is authorized to have more than one land 7 bank at one time and, in addition, the city of Plattsburgh is authorized 8 to have a land bank. 9 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05586-01-1
