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Bill > A11233
NY A11233
NY A11233Increases from 25 to 35, the number of land banks that are authorized statewide.
summary
Introduced
06/15/2018
06/15/2018
In Committee
06/20/2018
06/20/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
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 maximum number of authorized land banks in the state from 25 to 35. Land banks are government-created entities that acquire, manage, and repurpose vacant, abandoned, or tax-delinquent properties. The bill requires each local government proposing to create a land bank to submit the necessary legislation to the Urban Development Corporation for review and approval before the land bank can be established.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (2)
Last Action
substituted by s8717 (on 06/20/2018)
Official Document
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