New York S 640: Enacts the "corporate political activity accountability to shareholders act"

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S00640 Summary:

BILL NOS00640 

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SAME ASSAME AS A01595

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SPONSORRYAN S

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COSPNSR

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MLTSPNSR

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Enacts the "city of Buffalo historic preservation receivership act"; provides the city of Buffalo specific procedures for the appointment of a receiver of rents in instances where the property at issue is neglected or abandoned.

Go to top S00640 Actions:

BILL NOS00640 

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01/08/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

01/27/20251ST REPORT CAL.168

01/28/20252ND REPORT CAL.

02/03/2025ADVANCED TO THIRD READING 

02/25/2025PASSED SENATE

02/25/2025DELIVERED TO ASSEMBLY

02/25/2025referred to cities

Go to topS00640 Committee&nbspVotes:

Go to topS00640 Floor&nbspVotes:

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

Go to topS00640 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 640

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. S. RYAN -- read twice and ordered printed, and when
 printed to be committed to the Committee on Housing, Construction and
 Community Development

 AN ACT in relation to enacting the "city of Buffalo historic preserva-
 tion receivership act"

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

 1 Section 1. Short Title. This act shall be known and may be cited as
 2 the "city of Buffalo historic preservation receivership act".
 3 § 2. Legislative findings and purpose. The legislature hereby finds
 4 and declares that:
 5 1. the city of Buffalo is home to many buildings of historic signif-
 6 icance, and such buildings contribute to the cultural heritage of the
 7 state and are a testament to its rich history and diverse population;
 8 2. many such historic buildings are abandoned and/or neglected by
 9 their owners of record, or no such owner may be found;
 10 3. such neglected and abandoned buildings are a blight on their commu-
 11 nities and on the state as a whole;
 12 4. the state of New York imbued the city of Buffalo housing court with
 13 jurisdiction over "proceedings for the appointment of a receiver of
 14 rents, issues and profits of buildings in order to remove or remedy a
 15 nuisance or to make repairs required to be made under such housing
 16 codes," under subdivision (f) of section 202 of article X of chapter 570
 17 of the laws of 1909; and
 18 5. the legislature resolves to provide the city of Buffalo specific
 19 procedures for the appointment of a receiver of rents in instances where
 20 the property at issue is neglected or abandoned as defined in this act.
 21 § 3. Definitions. For the purposes of this act, the following terms
 22 shall have the following meanings:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 S LBD02454-01-5

 S. 640 2

 1 1. "abandoned property" means a property meeting the following condi-
 2 tions at the time a petition is filed pursuant to section four of this
 3 act:
 4 (a) the building has not been legally occupied for at least 12 months;
 5 (b) the owner fails to present compelling evidence that they have
 6 actively marketed the property during the preceding 60-day period and
 7 made a good faith effort to sell the property at a price which reflects
 8 the circumstances and market conditions;
 9 (c) the property is not subject to a pending foreclosure action by an
 10 individual or nongovernmental entity;
 11 (d) the current owner fails to present sufficient evidence that they
 12 acquired the property within the preceding six months. Such evidence
 13 shall not include instances where the prior owner is a member of the
 14 current owner, unless the transfer of title results from the death of
 15 the prior owner, or where the current or prior owner is a corporation,
 16 partnership, or other entity in which either owner or the immediate
 17 family of either owner has an interest in excess of 5 percent; and
 18 (e) the court finds at least three of the following:
 19 (i) the building or physical structure is a public nuisance;
 20 (ii) the building is in need of substantial rehabilitation and no
 21 rehabilitation has taken place during the previous 12 m