Senate Bill S806

2011-2012 Legislative Session

Authorizes certain towns in the Peconic Bay region to establish community housing opportunity funds

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Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • 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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2011-S806 (ACTIVE) - Details

See Assembly Version of this Bill:
A528
Current Committee:
Assembly Local Governments
Law Section:
Town Law
Laws Affected:
Add §64-k, amd §64-e, Town L
Versions Introduced in Other Legislative Sessions:
2009-2010: S740, A2030
2013-2014: S1860
2015-2016: S317
2017-2018: S1597

2011-S806 (ACTIVE) - Summary

Authorizes certain towns in the Peconic Bay region to establish community housing opportunity funds to provide community housing or low interest loans for first time home buyers; provides that such towns adopt a plan adhering to smart growth principals in conjunction with the creation of such community housing opportunity fund.

2011-S806 (ACTIVE) - Sponsor Memo

2011-S806 (ACTIVE) - Bill Text download pdf

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

    S. 806                                                    A. 528

                       2011-2012 Regular Sessions

                      S E N A T E - A S S E M B L Y

                               (PREFILED)

                             January 5, 2011
                               ___________

IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Local Govern-
  ment

IN  ASSEMBLY  -- Introduced by M. of A. THIELE -- read once and referred
  to the Committee on Local Governments

AN ACT to amend the town law, in relation to authorizing  certain  towns
  in  the  Peconic Bay region to establish community housing opportunity
  funds, provided that such towns adopt a housing plan adhering to smart
  growth principles in conjunction with the creation of  such  community
  housing opportunity fund

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

  Section 1. Legislative findings. The  legislature  hereby  finds  that
chapter  114  of  the laws of 1998 enacted provisions of law relating to
Peconic Bay region community preservation funds. Such chapter  permitted
the  five  towns of the Peconic Bay region to establish a dedicated fund
for the acquisition of interests in real property for  the  purposes  of
open  space,  farmland,  and  historic preservation, as well as park and
recreation purposes. The revenue for such fund was derived  from  a  two
percent  real  estate transfer tax. Community preservation funds in each
of the five Peconic Bay region towns  were  approved  overwhelmingly  by
public referendum.
  The  enactment  of  this  land  preservation  has  been  an incredible
success.  The funds have generated over one hundred million  dollars  as
of July 2002, resulting in thousands of acres of land being protected on
eastern  Long  Island. The program has received national recognition for
its innovative and creative approach to community preservation.
  Just as critical to the future of the Peconic Bay region is the  human
need  to protect community stability by providing for an adequate supply

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

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