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Who cares
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Sponsors
No co-sponsors yet.
History
- Recommit, enacting clause stricken
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Requires agencies to disclose the physical characteristics of real property contained within an inventory file
In Assembly Committee · Governmental Operations · Sponsor Sam Hoyt
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the public officers law, in relation to the disclosure of the inventory file of real property
Purpose
Enactment of this legislation would make available the property characteristics of an inventory file for a parcel of real estate and clarity that such information shall not be deemed a matter of personal property.
Summary of provisions
Section 1 amends section 87 of the public officers law by adding a new subdivision 5 requiring that the property characteristics of an inventory file for a parcel of real estate shall be disclosed by any agency in possession of such inventory file.
Existing law
Under existing law, such information is considered to be a matter of personal privacy and is not made available under the FOIL or other avenues.
Justification
A recent court decision held that a municipality properly withheld disclosure of the inventory file on the basis that the release of that information would constitute an unwarranted invasion of personal privacy. The "inventory file" includes specific public information about real property, such as square footage, number of rooms and baths, and lot size. This is commonly known as the "property characteristics file" in many other jurisdictions.
This decision was a major blow to the real estate industry as access to the inventory file is necessary for the accurate valuation of real property. The lack of such information jeopardizes, or at least hinders, the ability to accurately value real property. This in turn, may promote unintended consequences, such as mortgage fraud, or at the very minimum, a slower and more inefficient closing process.
Legislative history
New bill - 2008 Referred to Investigations & Government Operations
Fiscal implications
None to New York State.
Local fiscal implications
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.