Bill
Bill > S08717
NY S08717
NY S08717Increases from 25 to 35, the number of land banks that are authorized statewide.
summary
Introduced
05/10/2018
05/10/2018
In Committee
06/12/2018
06/12/2018
Crossed Over
06/12/2018
06/12/2018
Passed
12/18/2018
12/18/2018
Dead
Signed/Enacted/Adopted
12/28/2018
12/28/2018
Introduced Session
2017-2018 General Assembly
Bill Summary
AN ACT to amend the not-for-profit corporation law, in relation to increasing the number of authorized land banks in the state to thirty-five The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill amends the Not-for-Profit Corporation Law to increase the number of authorized land banks in the state of New York from 25 to 35. Land banks are organizations that acquire, manage, and repurpose vacant, abandoned, or tax-delinquent properties. The bill maintains the requirement that each foreclosing governmental unit proposing to create a land bank must submit a local law, ordinance, or resolution to the Urban Development Corporation for review and approval before a new land bank can be established.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
SIGNED CHAP.508 (on 12/28/2018)
Official Document
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