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NY A08819

Bill

Official Source

Status

Passed

7/22/2014

Primary Sponsor

William Magnarelli

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Amends the not-for-profit corporation law to increase the maximum number of land banks authorized to exist in New York State from ten to twenty
  • Land bank creation remains subject to submission of local law, ordinance, or resolution to the urban development corporation for review and approval
  • Each foreclosing governmental unit or units proposing to create a land bank must obtain urban development corporation approval as a condition of creation
  • Takes effect immediately upon enactment

Legislative Description

Increases the number of land banks authorized to exist in the state to twenty.

Last Action

signed chap.106

7/22/2014

Committee Referrals

Corporations, Authorities and Commissions5/29/2014
Ways and Means4/29/2014
Local Governments2/18/2014

Full Bill Text

No bill text available