Permits land bank officers and employees to join the New York state and local retirement system if approved by the board.
The bill amends the not-for-profit corporation law to allow land bank officers and employees to participate in the New York state and local retirement system. This participation is contingent upon a resolution being adopted by the land bank's board of directors. The change takes effect immediately upon enactment.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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