New York S 7541: Grants retroactive retirement membership in the New York state teachers' retirement system to Eileen Saumell

Bill Text

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S07541 Summary:

BILL NOS07541 

&nbsp

SAME ASNo Same As

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SPONSORBYNOE

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COSPNSR

&nbsp

MLTSPNSR

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Amd §§339-e & 339-q, add §339-mm, RP L

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Requires that when a buyer enters into a contract to purchase a condominium or cooperative housing unit, the property management company or board of managers shall provide the buyer with records of the most recent inspection and engineering reports and permits for the subject property.

Go to top S07541 Actions:

BILL NOS07541 

&nbsp

04/22/2025REFERRED TO JUDICIARY

06/09/2025COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/09/2025ORDERED TO THIRD READING CAL.1645

06/11/2025PASSED SENATE

06/11/2025DELIVERED TO ASSEMBLY

06/11/2025referred to housing

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO JUDICIARY

03/31/20261ST REPORT CAL.673

04/01/20262ND REPORT CAL.

04/07/2026ADVANCED TO THIRD READING 

06/05/2026COMMITTED TO RULES

Go to topS07541 Committee&nbspVotes:

Go to topS07541 Floor&nbspVotes:

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

Go to topS07541 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7541

 2025-2026 Regular Sessions

 IN SENATE

 April 22, 2025
 ___________

 Introduced by Sen. BYNOE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Judiciary

 AN ACT to amend the real property law, in relation to establishing tran-
 sparency guidelines for condominiums and cooperative housing units

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

 1 Section 1. Legislative intent. This Legislature hereby finds that on
 2 June 24, 2021, Champlain Towers South, a 12-story condominium in Surf-
 3 side, Florida experienced a partial collapse that resulted in the deaths
 4 of 98 residents, becoming the third-deadliest non-deliberate structural
 5 engineering failure in United States history. In the wake of such a
 6 tragedy, this Legislature understands that there are currently no exist-
 7 ing statewide regulations which would require that condominium or coop-
 8 erative housing associations' property management company or board of
 9 managers make information regarding any inspections, permits, or engi-
 10 neering reports available to unit owners and purchasers.
 11 Additionally, this Legislature finds that in Myrtle Beach, South Caro-
 12 lina, residents of the Renaissance Towers condominium are currently
 13 embroiled in an ongoing lawsuit after 300 units were evacuated after the
 14 building was deemed unsafe by Horry County Code Enforcement on October
 15 7, 2022. These unit owners reported that the board of managers had
 16 failed to document or inform unit owners of the findings of engineering
 17 reports for over 20 years prior to the evacuation. This Legislature
 18 determines that transparency of reporting inspections, permits and engi-
 19 neering reports would provide residents and purchasers with the know-
 20 ledge to make informed decisions about their condominium and cooperative
 21 housing associations, and such reports should be provided to local muni-
 22 cipalities to protect the health and wellbeing of residents.
 23 Furthermore, this Legislature finds that this legislation would make
 24 New York the third state, following Florida and New Jersey, to have
 25 strengthened transparency regulations on condominiums and co-ops follow-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11710-01-5

 S. 7541 2

 1 ing the 2021 Champlain Towers South collapse. As such, this Legislature
 2 finds that New York should follow in their footsteps to ensure that
 3 condominium and cooperative housing associations' board of managers and
 4 property management companies should have a duty to inform unit owners
 5 and purchasers of any structural, mechanical, health, or fire code
 6 violations that may exist in a condominium or cooperative housing prop-
 7 erty.
 8 § 2. Section 339-e of the real property law is amended by adding three
 9 new subdivisions 17, 18 and 19 to read as follows:
 10 17. "Inspections" shall mean any report completed by an employee of a
 11 municipality, a contractor working on behalf of a municipali