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NY S08159
Bill
Status
6/23/2016
Primary Sponsor
John Flanagan
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AI Summary
S. 8159 Summary
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Transitions School Tax Relief (STAR) exemption to personal income tax credit for new applicants beginning 2016-2017 school year; existing exemption holders may continue to receive exemptions subject to income and residency requirements.
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Establishes mandatory foreclosure settlement conferences, creates expedited judgment process for vacant and abandoned properties, and requires lenders to conduct property inspections and maintenance of vacant residential properties.
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Appropriates $97.589 million for nonpublic school aid for 2014-15 fiscal year and allocates $20 million to CUNY and $30 million to SUNY for capital projects and facility maintenance.
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Extends New York Racing Association board termination date from June 30, 2016 to June 30, 2020 and modifies NYC school governance provisions through June 30, 2017.
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Requires lenders to provide 90-day pre-foreclosure notice to borrowers with updated information on housing counseling resources and loss mitigation options; establishes statewide vacant property registry maintained by Department of Financial Services.
Legislative Description
Relates to a school tax reduction credit for residents of a city with a population over one million; relates to the school tax relief exemption (Part A); relates to the farm workforce retention credit (Part B); relates to the board of directors of NYRA (Part C); amends the aid to localities budget, relating to nonpublic school aid payable in the 2014-2015 state fiscal year (Part D); relates to home care worker wage parity (Part E); relates to effectiveness of certain managed care programs (Part F); relates to enforcement of building codes of the City of New York (Part G); intentionally omitted (Part H); relates to the New York state design and construction corporation act (Part I); extends provisions relating to the membership composition of the metropolitan transportation authority board (Part J); amends the aid to localities budget, relating to the office for aging community services program and the Wadsworth center for laboratories and research program (Part K); amends the aid to localities budget, relating to making technical corrections thereto (Part L); amends the capital projects budget, relating to general maintenance and improvements for the city university of New York and state university of New York (Part M); intentionally omitted (Part N); relates to extending the provisions relating to the reorganization of the NYC school construction authority, board of education and community boards; extends such provisions until 2017; relates to school based budgeting and expenditure reporting (Part O); and relates to the duties and powers of charter entities (Part P).
Last Action
SIGNED CHAP.73
6/23/2016