New York Assembly Bill A09403 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 9403--A  IN ASSEMBLY March 6, 2024 ___________ Introduced by M. of A. SANTABARBARA, GUNTHER, DAVILA, MANKTELOW, TAGUE -- read once and referred to the Committee on Local Governments -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the not-for-profit corporation law, in relation to the use of property in a land bank for the creation of a community garden The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (e) of section 1609 of the not-for-profit corpo- 2 ration law, as added by chapter 257 of the laws of 2011, is amended to 3 read as follows: 4 (e) A foreclosing governmental unit may, in its local law, resolution 5 or ordinance creating a land bank, or, in the case of multiple foreclos- 6 ing governmental units creating a single land bank in the applicable 7 intergovernmental cooperation agreement, establish a hierarchical rank- 8 ing of priorities for the use of real property conveyed by a land bank 9 including but not limited to: 10 (1) use for purely public spaces and places, including community 11 gardens; 12 (2) use for affordable housing; 13 (3) use for retail, commercial and industrial activities; 14 (4) use as wildlife conservation areas; and 15 (5) such other uses and in such hierarchical order as determined by 16 the foreclosing governmental unit or units. 17 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14131-02-4