Senate Bill S6731

Signed By Governor
2013-2014 Legislative Session

Increases the number of land banks authorized to exist in the state to twenty

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A8819 - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-S6731 (ACTIVE) - Details

See Assembly Version of this Bill:
A8819
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §1603, N-PC L

2013-S6731 (ACTIVE) - Summary

Increases the number of land banks authorized to exist in the state to twenty.

2013-S6731 (ACTIVE) - Sponsor Memo

2013-S6731 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6731

                            I N  S E N A T E

                              March 4, 2014
                               ___________

Introduced  by  Sen.  VALESKY -- (at request of the Attorney General) --
  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
  increasing the number of land banks authorized to exist in the state

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

  Section  1. Paragraph (g) of section 1603 of the not-for-profit corpo-
ration law, as added by chapter 257 of the laws of 2011, is  amended  to
read as follows:
  (g) Nothing in this article shall be construed to authorize the exist-
ence  of  more  than [ten] TWENTY land banks located in the state at one
time, provided further that each foreclosing governmental unit or  units
proposing  to  create a land bank shall submit such local law, ordinance
or resolution as required by paragraph (a) of this section, to the urban
development corporation, for its review and approval. The creation of  a
land  bank  shall  be conditioned upon approval of the urban development
corporation.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13702-01-4

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