New York S04531 amends the penal law to classify using non-public governmental information for real property transactions as a class A misdemeanor.

New York S04531 amends the penal law by adding a new section that makes it a class A misdemeanor to use material governmental information, which a person knows or has reason to know is non-public, to purchase or sell real property based on an expected change in value. This includes information about tax incentives, tax abatements, land use decisions, and environmental approvals. The bill aims to prevent unfair advantages in real estate transactions by ensuring that such sensitive information is not misused.

New York S04531 amends the penal law to classify using non-public governmental information for real property transactions as a class A misdemeanor.

New York S04531 amends the penal law by adding a new section that makes it a class A misdemeanor to use material governmental information, which a person knows or has reason to know is non-public, to purchase or sell real property based on an expected change in value. This includes information about tax incentives, tax abatements, land use decisions, and environmental approvals. The bill aims to prevent unfair advantages in real estate transactions by ensuring that such sensitive information is not misused.