A7388-2011 Actions

• Aug 3, 2011: signed chap.305
• Jul 22, 2011: delivered to governor
• Jun 14, 2011: RETURNED TO ASSEMBLY
• Jun 14, 2011: PASSED SENATE
• Jun 14, 2011: 3RD READING CAL.350
• Jun 14, 2011: SUBSTITUTED FOR S3947
• Jun 14, 2011: REFERRED TO RULES
• Jun 14, 2011: delivered to senate
• Jun 14, 2011: passed assembly
• Jun 13, 2011: ordered to third reading rules cal.135
• Jun 13, 2011: rules report cal.135
• Jun 13, 2011: reported
• Jun 7, 2011: reported referred to rules
• May 3, 2011: referred to codes

A7388-2011 Votes

A7388-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         7388
 2011-2012 Regular Sessions
 I N  ASSEMBLY
 May 3, 2011
 
 Introduced  by M. of A. CYMBROWITZ -- (at request of the Office of Court
 Administration) -- read once and referred to the Committee on Codes
 

AN ACT to amend the criminal procedure law, in relation to a  bail  bond
 secured by real property
 

THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM
 BLY, DO ENACT AS FOLLOWS:

 

Section 1. Paragraph (b) of subdivision 17 of section  500.10  of  the
 criminal  procedure  law, as amended by chapter 316 of the laws of 1992,
 is amended to read as follows:

 (b) Real property having a value of at least twice the total amount of
 the undertaking. For purposes of this paragraph, value of real  property
 is determined by EITHER:

 (I)  dividing  the  last  assessed  value of such property by the last
 given equalization rate or in a special assessing unit,  as  defined  in
 article  eighteen  of  the  real property tax law, the appropriate class
 ratio established pursuant to section twelve hundred two of such law  of
 the  assessing  municipality  wherein  the  property  is situated and by
 deducting from the resulting figure the total amount  of  any  liens  or
 other encumbrances upon such property; OR
 (II)  THE  VALUE OF THE PROPERTY AS INDICATED IN A CERTIFIED APPRAISAL
 REPORT SUBMITTED BY A STATE CERTIFIED GENERAL REAL ESTATE APPRAISER DULY
 LICENSED BY THE DEPARTMENT OF STATE AS PROVIDED IN SECTION  ONE  HUNDRED
 SIXTY-J  OF THE EXECUTIVE LAW, AND BY DEDUCTING FROM THE APPRAISED VALUE
 THE TOTAL AMOUNT OF ANY LIENS OR OTHER ENCUMBRANCES UPON SUCH  PROPERTY.
 A LIEN REPORT ISSUED BY A TITLE INSURANCE COMPANY LICENSED UNDER ARTICLE
 SIXTY-FOUR  OF  THE  INSURANCE LAW, THAT GUARANTEES THE CORRECTNESS OF A
 LIEN SEARCH CONDUCTED BY IT, SHALL BE PRESUMPTIVE PROOF  OF  LIENS  UPON
 THE PROPERTY.
 

S 2. This act shall take effect immediately.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09519-01-1

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