NY S07437 | 2023-2024 | General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on May 25 2023 - 25% progression
Action: 2024-01-03 - REFERRED TO JUDICIARY
Pending: Senate Judiciary Committee
Text: Latest bill text (Amended) [HTML]

Summary

Sets up rules and regulations for the operation of lease-hold retirement communities to provide adequate housing for senior citizens wishing to retire and locate in a lease-hold retirement community; grants owners of homes in lease-hold retirement communities the right to sell their homes by methods common to sales of residential property; requires that owners of lease-hold retirement communities offer owners of homes the option to sign a long-term ninety-nine year lease.

Tracking Information

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Title

Sets up rules and regulations for the operation of lease-hold retirement communities to provide adequate housing for senior citizens wishing to retire and locate in a lease-hold retirement community; grants owners of homes in lease-hold retirement communities the right to sell their homes by methods common to sales of residential property; requires that owners of lease-hold retirement communities offer owners of homes the option to sign a long-term ninety-nine year lease.

Sponsors


History

DateChamberAction
2024-01-03SenateREFERRED TO JUDICIARY
2023-06-01SenatePRINT NUMBER 7437A
2023-06-01SenateAMEND AND RECOMMIT TO JUDICIARY
2023-05-25SenateREFERRED TO JUDICIARY

Same As/Similar To

A04955 (Same As) 2024-03-11 - REFERRED TO JUDICIARY

New York State Sources


Bill Comments

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