What's happening
The bill allows New York City to create a land bank by city council law and limits board members to eleven.
Why it matters
Enables NYC to independently establish a land bank. By letting the city council pass a local law, this bill empowers New York City to address vacant, abandoned, or tax-delinquent properties without waiting for state-level approval, potentially speeding up neighborhood revitalization.
Limits board size for efficiency and representation. By capping the land bank board at eleven members (down from fifteen), the bill may increase board efficiency and focus decision-making, but also raises questions about representation for NYC’s diverse communities.
Targets large-scale urban property challenges. This unique provision for cities of eight million or more specifically acknowledges the scale and complexity of NYC’s property issues, signaling legislative intent to give the city tailored tools for managing blight and redevelopment.
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Who cares
Headline styles
Create NYC Land Bank
Plain English, a few words. Used as the page title.
Sponsors
History
- Referred to cities
- Referred to cities
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
6911
2017-2018 Regular Sessions
IN ASSEMBLY
March 24, 2017
Introduced by M. of A. MOSLEY -- read once and referred to the Committee on Cities
AN ACT to amend the not-for-profit corporation law, in relation to the creation of a land bank in a city with eight million or more residents by adoption of a local law by the city council
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The opening paragraph and subparagraph 2 of paragraph (a) of section 1603 of the not-for-profit corporation law, paragraph (a) as added by chapter 257 of the laws of 2011 and subparagraph 2 of paragraph (a) as amended by chapter 372 of the laws of 2013, are amended to read as follows:
Any foreclosing governmental unit may create a land bank by the adoption of a local law, ordinance, or resolution as appropriate to such foreclosing governmental unit and in addition, any city with eight million or more residents may create a land bank by adoption of a local law by the city council which action specifies the following:
(2) the number of members of the board of directors, which shall consist of an odd number of members, and shall be not less than five members nor more than [fifteen] eleven members;
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09797-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.