Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to housing |
Mar 23, 2015 |
referred to housing |
Assembly Bill A6395
2015-2016 Legislative Session
Sponsored By
PERRY
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
Amy Paulin
Andrew Raia
multi-Sponsors
Vivian Cook
Sandy Galef
Dov Hikind
Earlene Hooper
2015-A6395 (ACTIVE) - Details
2015-A6395 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6395 2015-2016 Regular Sessions I N A S S E M B L Y March 23, 2015 ___________ Introduced by M. of A. PERRY, PAULIN, RAIA -- Multi-Sponsored by -- M. of A. COOK, GALEF, HIKIND, HOOPER, LUPARDO, McDONOUGH, SCHIMEL, TITONE -- read once and referred to the Committee on Housing AN ACT to amend the real property law, in relation to cooperative purchase applications THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds and declares that residential cooperative purchasers are subject to proc- esses and conditions that do not also apply to purchasers of other single family residences. The legislature also finds that these proc- esses and conditions, at a minimum, give the appearance and have the potential to be misused to illegally discriminate against a purchaser of cooperative housing. Because this state strongly opposes all illegal discrimination and promotes fair housing laws and regulations, it is essential that the process for purchasing a cooperative dwelling include additional safeguards to protect against illegal discrimination. This act is not intended and does not diminish the duty of cooperative boards to uphold their established fiduciary duties. This act will significant- ly improve the transparency of the cooperative purchase process to the benefit of all parties involved in the transaction. S 2. The real property law is amended by adding a new article 11 to read as follows: ARTICLE 11 COOPERATIVE PURCHASE APPLICATIONS SECTION 360. SHORT TITLE. 361. DEFINITIONS. 362. PURCHASE APPLICATIONS. 363. ACTION UPON APPLICATIONS. 364. PUBLIC POLICY. S 360. SHORT TITLE. THIS ARTICLE SHALL BE KNOWN AND MAY BE CITED AS THE "FAIRNESS IN COOPERATIVE HOME OWNERSHIP ACT".
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