New York A 3533: Makes provisions relating to the collateral estoppel effect of issues decided by certain arbitrators

Bill Text

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A03533 Summary:

BILL NOA03533 

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SAME ASNo Same As

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SPONSORLevenberg

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COSPNSRBarrett, Jacobson, Otis, Forrest, Rosenthal, Brabenec, Maher, Schiavoni, Shrestha, Shimsky, Woerner

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MLTSPNSR

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Add §6-w, Gen Muni L; add Art 33-C §§1575 - 1588, Tax L

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Authorizes cities and towns, except a city with a population of one million or more, to establish community preservation funds; authorizes such cities and towns to impose a real estate transfer tax with revenues to be deposited in such funds; makes related provisions.

Go to top A03533 Actions:

BILL NOA03533 

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01/28/2025referred to local governments

01/07/2026referred to local governments

Go to topA03533 Committee&nbspVotes:

Go to topA03533 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA03533 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3533

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 28, 2025
 ___________

 Introduced by M. of A. LEVENBERG, BARRETT, JACOBSON, OTIS, FORREST,
 ROSENTHAL, BRABENEC, MAHER -- read once and referred to the Committee
 on Local Governments

 AN ACT to amend the general municipal law, in relation to authorizing
 cities and towns, except a city with a population of one million or
 more, to establish community preservation funds; and to amend the tax
 law, in relation to authorizing cities and towns, except a city with a
 population of one million or more, to impose a real estate transfer
 tax with revenues therefrom to be deposited in such funds

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The general municipal law is amended by adding a new
 2 section 6-w to read as follows:
 3 § 6-w. Community preservation funds. 1. As used in this section, the
 4 following words and terms shall have the following meanings:
 5 (a) "Community preservation" shall mean and include any of the
 6 purposes outlined in subdivision four of this section.
 7 (b) "Board" means the advisory board required pursuant to subdivision
 8 five of this section.
 9 (c) "City or town" means a city, except a city with a population of
 10 one million or more, or a town.
 11 (d) "Governing body" means a city council or town board.
 12 (e) "Fund" means the community preservation fund created pursuant to
 13 subdivision two of this section.
 14 (f) "Water quality improvement project" means: (1) any project eligi-
 15 ble for state funding under the clean water infrastructure fund of two
 16 thousand seventeen, pursuant to part T of chapter fifty-seven of the
 17 laws of two thousand seventeen or (2) any project eligible for state
 18 funding as a safe drinking water project or clean water project pursuant
 19 to title two or title three of article fifty-six of the environmental
 20 conservation law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06217-01-5

 A. 3533 2

 1 2. The governing body of any city or town is authorized to establish
 2 by local law a community preservation fund pursuant to the provisions of
 3 this section. Deposits into the fund may include revenues of the local
 4 government from whatever source and shall include, at a minimum, all
 5 revenues from a tax imposed upon the transfer of real property interests
 6 in such city or town pursuant to subdivision one of section fifteen
 7 hundred seventy-six of the tax law. The fund shall also be authorized to
 8 accept gifts of any such interests in land or of funds. Interest accrued
 9 by monies deposited into the fund shall be credited to the fund. In no
 10 event shall monies deposited in the fund be transferred to any other
 11 account. Nothing contained in this section shall be construed to prevent
 12 the financing in whole or in part, pursuant to the local finance law, of
 13 any acquisition authorized pursuant to this section. Monies from the
 14 fund may be utilized to repay any indebtedness or obligations incurred
 15 pursuant to the local finance law consistent with effectuating the
 16 purposes of this section.
 17 3. The purposes of the fund shall be exclusively, (a) to implement a
 18 plan for the preservation of community character as required by this