New York S 9297: Permits land bank officers and employees to participate in the New York state and local retirement system

Bill Text

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S09297 Summary:

BILL NOS09297 

&nbsp

SAME ASSAME AS A10245

&nbsp

SPONSORHELMING

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §1603, N-PC L

&nbsp

Permits land bank officers and employees to participate in the New York state and local retirement system if a resolution is adopted by its board of directors.

Go to top S09297 Actions:

BILL NOS09297 

&nbsp

02/25/2026REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Go to topS09297 Committee&nbspVotes:

Go to topS09297 Floor&nbspVotes:

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

Go to topS09297 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9297

 IN SENATE

 February 25, 2026
 ___________

 Introduced by Sen. HELMING -- read twice and ordered printed, and when
 printed to be committed to the Committee on Corporations, Authorities
 and Commissions

 AN ACT to amend the not-for-profit corporation law, in relation to
 permitting land bank officers and employees to participate in the New
 York state and local retirement system

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

 1 Section 1. Section 1603 of the not-for-profit corporation law is
 2 amended by adding a new paragraph (i) to read as follows:
 3 (i) Each land bank created pursuant to this article shall be a public
 4 organization engaged in public service deriving its power from the New
 5 York state legislature and, upon a resolution duly adopted by its board
 6 of directors, may elect to have its officers and employees participate
 7 in the New York state and local retirement system.
 8 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14577-01-6

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