Bill Commons

NY S 7600

in committee

Directs condominium and cooperative housing associations to complete capital reserve studies

New York · 2025-2026 Regular Session · upper

Description

Directs condominium and cooperative housing associations to complete capital reserve studies, including a thirty-year funding plan, in order to ensure that the condominium or cooperative housing association has adequate reserve funds available to repair or replace the assets located on the property that the association is obligated to maintain without the need to create any special assessment or loan obligation; specifies the content of the study; requires the study to be filed with the attorney general.

Introduced
—
Status date
—
Latest action
2026-01-07 — REFERRED TO JUDICIARY
Bill type
bill
Last updated
—

Sponsors

  • Siela Bynoeprimary

Committees

Not provided by source.

Action timeline

  1. 2025-04-23

    REFERRED TO JUDICIARY

    referral-committee

  2. 2025-05-28

    REPORTED AND COMMITTED TO FINANCE

    referral-committee

  3. 2026-01-07

    REFERRED TO JUDICIARY

    referral-committee

Versions

Documents

Votes

  • Judiciary Vote

    2025-05-28 · pass · 17-0

    Member-level votes (19)
    • Jamaal Bailey: yes
    • Jeremy Cooney: yes
    • Andrew Gounardes: yes
    • Brad Hoylman-Sigal: yes
    • John Liu: yes
    • Shelley Mayer: yes
    • Kevin S. Parker: yes
    • Jessica Ramos: yes
    • Sean Ryan: yes
    • James Skoufis: yes
    • Toby Ann Stavisky: yes
    • Patricia Canzoneri-Fitzpatrick: yes
    • Andrew J. Lanza: yes
    • Thomas F. O'Mara: yes
    • Anthony H. Palumbo: yes
    • Steve Rhoads: yes
    • Luis R. Sepúlveda: yes
    • Jack M. Martins: excused
    • Zellnor Myrie: excused

Related bills

No related bills recorded for this bill.

Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/S7600?summary=&detail=

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z

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