STATE OF NEW YORK
________________________________________________________________________
9797
IN SENATE
May 30, 2024
___________
Introduced by Sen. PARKER -- 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 the
use of property in a land bank for the creation of a community garden
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph (e) of section 1609 of the not-for-profit corpo-
2 ration law, as added by chapter 257 of the laws of 2011, is amended to
3 read as follows:
4 (e) A foreclosing governmental unit may, in its local law, resolution
5 or ordinance creating a land bank, or, in the case of multiple foreclos-
6 ing governmental units creating a single land bank in the applicable
7 intergovernmental cooperation agreement, establish a hierarchical rank-
8 ing of priorities for the use of real property conveyed by a land bank
9 including but not limited to:
10 (1) use for purely public spaces and places, including community
11 gardens;
12 (2) use for affordable housing;
13 (3) use for retail, commercial and industrial activities;
14 (4) use as wildlife conservation areas; and
15 (5) such other uses and in such hierarchical order as determined by
16 the foreclosing governmental unit or units.
17 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14131-03-4
