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- Referred to banks
- Referred to banks
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.
Provides that there shall be no solicitation for credit card holders through state or city university of NY unless credit education courses are provided
In Assembly Committee · Banks · Sponsor Hakeem Jeffries
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S1487
Title of bill
An act to amend the eminent domain procedure law, in relation to the exercise of the power of eminent domain to develop blighted areas of the state
Purpose
This bill provides that the power of eminent domain shall only be exercised for economic development purposes when the area for economic development is a blighted area.
Summary of provisions
Subdivision G of section 103 of the eminent domain procedure law is amended and a new subdivision H is added to provide that the power of eminent domain shall only be exercised for economic development purposes when the area for economic development is a blighted area.
Justification
Recently the United States Supreme Court condoned the taking of private property by a government through eminent domain for economic purposes. This decision grants far-reaching power for a government entity over individual property owners.
In order to protect New York State property owners, this legislation installs a safeguard that insures that when a government invokes eminent domain for economic purposes, it is only done in blighted areas. Eminent domain power should never be viewed as a quick fix for an economically challenged locality and certainly never for the sole purpose of increasing the tax base at the expense of a legitimate property owner.
This legislation creates the necessary restrictions on New York State Eminent Domain Law for the purposes of economic development.
Legislative history
S.612 of 2007/2008; S.591 of 2009/10. S.931 of 2011/12
Fiscal implications
None.
Effective date
This act shall take effect on the first of January next succeeding the date on which it shall have become a law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.