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Bill > S03017


NY S03017

NY S03017
Creates a residential condominium owner's bill of rights that includes the right to transparency, the right to timely decisions, voting rights, the right to notice, and the right against extraordinary expenses.


summary

Introduced
01/27/2021
In Committee
05/18/2022
Crossed Over
05/18/2022
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

Creates a residential condominium owner's bill of rights that includes the right to transparency, the right to timely decisions, voting rights, the right to notice, and the right against extraordinary expenses.

AI Summary

This bill creates a residential condominium owner's bill of rights that includes the right to transparency (access to financial statements, reports, and meeting minutes), the right to timely decisions on applications and requests, voting rights (filling board vacancies, posting election results), the right to notice of board and unit owner meetings, and the right against extraordinary expenses (requiring unit owner approval for certain expenditures). The bill also requires the Attorney General to promulgate a handbook summarizing these rights and enforcement procedures, and gives existing condominium associations one year to amend their organizational documents to implement the new provisions.

Committee Categories

Housing and Urban Affairs, Justice

Sponsors (4)

Last Action

referred to housing (on 05/18/2022)

bill text


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