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NY S09297

Bill

Official Source

Status

Introduced

2/25/2026

Primary Sponsor

Pamela Helming

Click for details

Origin

Senate

2025-2026 General Assembly

AI Summary

  • Amends Section 1603 of the not-for-profit corporation law to classify land banks as public organizations engaged in public service deriving power from the state legislature
  • Allows land bank boards of directors to adopt a resolution enabling their officers and employees to participate in the New York State and Local Retirement System
  • Participation in the retirement system is optional and requires formal board approval rather than being automatic
  • Takes effect immediately upon passage

Legislative Description

Permits land bank officers and employees to participate in the New York state and local retirement system if a resolution is adopted by its board of directors.

Last Action

REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

2/25/2026

Committee Referrals

Corporations, Authorities and Commissions2/25/2026

Full Bill Text

No bill text available