New York · 2025 Regular Session · Bill
S 7600: Directs condominium and cooperative housing associations to complete capital reserve studies
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 7600 is a bill introduced in the New York Senate on April 23, 2025. According to its official title, it concerns: Directs condominium and cooperative housing associations to complete capital reserve studies. Primary sponsor: Siela Bynoe (Democratic). Most recent recorded action (January 7, 2026): REFERRED TO JUDICIARY.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Siela Bynoe | Primary sponsor | Democratic | Senate | 6 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO JUDICIARY
- REPORTED AND COMMITTED TO FINANCE
- REFERRED TO JUDICIARY