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A10245 • 2025

Permits land bank officers and employees to participate in the New York state and local retirement system

Permits land bank officers and employees to participate in the New York state and local retirement system

Labor
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Brian Manktelow
Last action
2026-05-18
Official status
In Assembly Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Permits land bank officers and employees to participate in the New York state and local retirement system

Permits land bank officers and employees to participate in the New York state and local retirement system Permits land bank officers and employees to participate in the New York state and local retirement system if a resolution is adopted by its board of directors.

What This Bill Does

  • Permits land bank officers and employees to participate in the New York state and local retirement system Permits land bank officers and employees to participate in the New York state and local retirement system if a resolution is adopted by its board of directors.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-05-18 Assembly

    HELD FOR CONSIDERATION IN LOCAL GOVERNMENTS

  2. 2026-02-12 Assembly

    REFERRED TO LOCAL GOVERNMENTS

Official Summary Text

Permits land bank officers and employees to participate in the New York state and local retirement system
Permits land bank officers and employees to participate in the New York state and local retirement system if a resolution is adopted by its board of directors.

Current Bill Text

Read the full stored bill text 
S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          10245

                                  I N  A S S E M B L Y

                                    February 12, 2026
                                       ___________

        Introduced  by  M.  of  A.  MANKTELOW  --  read once and referred to the
          Committee on Local Governments

        AN ACT to amend the  not-for-profit  corporation  law,  in  relation  to
          permitting  land bank officers and employees to participate in the New
          York state and local retirement system

          THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section  1.  Section  1603  of  the  not-for-profit corporation law is
     2  amended by adding a new paragraph (i) to read as follows:
     3    (I) EACH LAND BANK CREATED PURSUANT TO THIS ARTICLE SHALL BE A  PUBLIC
     4  ORGANIZATION  ENGAGED  IN PUBLIC SERVICE DERIVING ITS POWER FROM THE NEW
     5  YORK STATE LEGISLATURE AND, UPON A RESOLUTION DULY ADOPTED BY ITS  BOARD
     6  OF  DIRECTORS,  MAY ELECT TO HAVE ITS OFFICERS AND EMPLOYEES PARTICIPATE
     7  IN THE NEW YORK STATE AND LOCAL RETIREMENT SYSTEM.
     8    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14577-01-6