Bill > S07765

This bill enacts the "city of Buffalo historic preservation receivership act," which provides the city of Buffalo with specific procedures for appointing a receiver of rents in instances where a property is neglected or abandoned. The bill defines "abandoned property" and establishes a process for a party in interest to petition the city of Buffalo housing court to appoint a receiver to take possession and rehabilitate the building. The bill outlines the powers and duties of the receiver, including the ability to borrow money, sell the property, and distribute the proceeds. The bill also provides for the termination of the receivership once the property is brought into compliance or sold. The bill does not apply to properties owned by the federal government or service members who have vacated the property for military service.

Budget and Finance, Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2023/S7765