S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7911
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                     May 29, 2015
                                      ___________
       Introduced  by  M.  of A. MAGNARELLI, LUPARDO, McDONALD -- read once and
         referred to the Committee on Local Governments
       AN ACT to amend the not-for-profit corporation law, in relation  to  the
         acquisition and disposition of property by land banks
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph (a) of section 1608 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    (a) The real property of a land bank and its income and operations are
    5  exempt from all taxation by the state of New York  and  by  any  of  its
    6  political  subdivisions.   NOTWITHSTANDING ANY OTHER GENERAL, SPECIAL OR
    7  LOCAL LAW RELATING TO FEES OF CLERKS, NO CLERK SHALL CHARGE OR COLLECT A
    8  FEE FOR FILING, RECORDING  OR  INDEXING  ANY  PAPER,  DOCUMENT,  MAP  OR
    9  PROCEEDING  FILED,  RECORDED  OR  INDEXED FOR A LAND BANK, OR AN OFFICER
   10  THEREOF ACTING IN AN OFFICIAL CAPACITY, NOR FOR FURNISHING A TRANSCRIPT,
   11  CERTIFICATION OR COPY OF ANY PAPER, DOCUMENT, MAP OR  PROCEEDING  TO  BE
   12  USED FOR LAND BANK PURPOSES.
   13    S 2.  Section 1609 of the not-for-profit corporation law is amended by
   14  adding a new paragraph (a-1) to read as follows:
   15    (A-1) THIS SECTION GOVERNING THE DISPOSITION OF PROPERTY BY LAND BANKS
   16  SHALL  SUPERSEDE SECTION TWENTY-EIGHT HUNDRED NINETY-SEVEN OF THE PUBLIC
   17  AUTHORITIES LAW IN THE GOVERNANCE OF PROPERTY DISPOSITIONS BY LAND BANKS
   18  AND, AS SUCH, NOTWITHSTANDING ANY OTHER GENERAL, SPECIAL OR LOCAL LAW TO
   19  THE CONTRARY, SECTION TWENTY-EIGHT HUNDRED NINETY-SEVEN  OF  THE  PUBLIC
   20  AUTHORITIES LAW SHALL NOT APPLY TO LAND BANKS.
   21    S 3. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD11414-01-5