Bill Text: NY A00548 | 2017-2018 | General Assembly | Introduced
Bill Title: Authorizes the formation of community shared property co-op boards.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2018-01-03 - referred to housing [A00548 Detail]
Download: New_York-2017-A00548-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 548 2017-2018 Regular Sessions IN ASSEMBLY 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: 1 Section 1. The administrative code of the city of New York is amended 2 by adding a new section 26-709 to read as follows: 3 § 26-709 Community shared property co-op boards. Notwithstanding any 4 provision of law to the contrary, the majority of property owners in a 5 community that has three or more properties that share a common driveway 6 or access way, shall have the option to form a new co-op board, to be 7 known as a community shared property co-op board, for the sole purpose 8 of establishing rules, entering into contracts for the repair or mainte- 9 nance of such common shared property and imposing fees, inclusive of 10 safety and security costs, for the repair and/or maintenance of such 11 common shared property. 12 § 2. This act shall take effect on the one hundred twentieth day after 13 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