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S 7600 NY

Directs condominium and cooperative housing associations to complete capital reserve studies

NY · session 2025-2026 · Senate · bill

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Introduced Apr 23, 2025

Latest action (Jan 7, 2026) REFERRED TO JUDICIARY

Summary

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.

Sponsor (1)

Action history (3)

  1. Apr 23, 2025 REFERRED TO JUDICIARY · upper
  2. May 28, 2025 REPORTED AND COMMITTED TO FINANCE · upper
  3. Jan 7, 2026 REFERRED TO JUDICIARY · upper

Text versions (2)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • S7600 · HTML
  • S7600 · PDF

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