Assembly Bill A548

2017-2018 Legislative Session

Authorizes the formation of community shared property co-op boards

download bill text pdf

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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

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2017-A548 (ACTIVE) - Details

Current Committee:
Assembly Housing
Law Section:
New York City Administrative Code
Laws Affected:
Add §26-709, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2015-2016: A6348
2019-2020: A79
2021-2022: A121

2017-A548 (ACTIVE) - Summary

Authorizes the formation of community shared property co-op boards.

2017-A548 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    548
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 9, 2017
                                ___________
 
 Introduced  by M. of A. PERRY -- read once and referred to the Committee
   on Housing
 
 AN ACT to amend the administrative code of the  city  of  New  York,  in
   relation  to  authorizing  the  formation of community shared property
   co-op boards
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The administrative code of the city  of New York is amended
 by adding a new section 26-709 to read as follows:
   §  26-709  COMMUNITY SHARED PROPERTY CO-OP BOARDS. NOTWITHSTANDING ANY
 PROVISION OF LAW TO THE CONTRARY, THE MAJORITY OF PROPERTY OWNERS  IN  A
 COMMUNITY THAT HAS THREE OR MORE PROPERTIES THAT SHARE A COMMON DRIVEWAY
 OR  ACCESS  WAY,  SHALL HAVE THE OPTION TO FORM A NEW CO-OP BOARD, TO BE
 KNOWN AS A COMMUNITY SHARED PROPERTY CO-OP BOARD, FOR THE  SOLE  PURPOSE
 OF ESTABLISHING RULES, ENTERING INTO CONTRACTS FOR THE REPAIR OR MAINTE-
 NANCE  OF  SUCH  COMMON  SHARED PROPERTY AND IMPOSING FEES, INCLUSIVE OF
 SAFETY AND SECURITY COSTS, FOR THE REPAIR  AND/OR  MAINTENANCE  OF  SUCH
 COMMON SHARED PROPERTY.
   § 2. This act shall take effect on the one hundred twentieth day after
 it shall have become a law.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06435-01-7

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