New York S 4531: Relates to unlawful dealing in real property

Bill Text

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S04531 Summary:

BILL NOS04531 

&nbsp

SAME ASSAME AS A04139

&nbsp

SPONSORGIANARIS

&nbsp

COSPNSRRAMOS

&nbsp

MLTSPNSR

&nbsp

Add §190.95, Pen L

&nbsp

Relates to unlawful dealing in real property, when a person uses material governmental information, which such person knows or has reason to know is non-public, to purchase or sell real property; makes such offense a class A misdemeanor.

Go to top S04531 Actions:

BILL NOS04531 

&nbsp

02/06/2025REFERRED TO CODES

01/07/2026REFERRED TO CODES

Go to topS04531 Committee&nbspVotes:

Go to topS04531 Floor&nbspVotes:

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

Go to topS04531 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4531

 2025-2026 Regular Sessions

 IN SENATE

 February 6, 2025
 ___________

 Introduced by Sens. GIANARIS, RAMOS -- read twice and ordered printed,
 and when printed to be committed to the Committee on Codes

 AN ACT to amend the penal law, in relation to unlawful dealing in real
 property

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

 1 Section 1. The penal law is amended by adding a new section 190.95 to
 2 read as follows:
 3 § 190.95 Unlawful dealing in real property.
 4 A person is guilty of unlawful dealing in real property when such
 5 person uses material governmental information which such person knows or
 6 has reason to know is non-public to purchase or sell real property based
 7 on an expected change in value of such property relating to such materi-
 8 al governmental information. For purposes of this section, "material
 9 governmental information" is any material information about the certain
 10 awarding or approval of tax incentives, tax abatement, payments in lieu
 11 of taxes, bonds, notes, loans, grants, rebates, contracts, land use or
 12 environmental decisions, including but not limited to planning and
 13 zoning approvals and state environmental quality review act statutes and
 14 regulations, by any state or local governmental entity including but not
 15 limited to authorities, boards, commissions, industrial development
 16 agencies, and regional economic development councils.
 17 Unlawful dealing in real property is a class A misdemeanor.
 18 § 2. This act shall take effect on the one hundred eightieth day after
 19 it shall have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01615-01-5

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