N.Y. Not-for-Profit Corporation Law § 1612: Public records and public meetings

§ 1612. Public records and public meetings.

(a) The board shall cause minutes and a record to be kept of all its

proceedings. Except as otherwise provided in this section, the land bank

shall be subject to the open meetings law and the freedom of information

law.

(b) A land bank shall hold a public hearing prior to financing or

issuance of bonds. The land bank shall schedule and hold a public

hearing and solicit public comment. After the conclusion of the public

hearing and comments, the land bank shall consider the results of the

public hearing and comments with respect to the proposed actions. Such

consideration by the land bank shall include the accommodation of the

public interest with respect to such actions; if such accommodation is

deemed in the best interest of the community proposed actions shall

include such accommodation.

(c) In addition to any other report required by this chapter, the land

bank, through its chairperson, shall annually deliver, in oral and

written form, a report to the municipality. Such report shall be

presented by March fifteenth of each year to the governing body or board

of the municipality. The report shall describe in detail the projects

undertaken by the land bank during the past year, the monies expended by

the land bank during the past year, and the administrative activities of

the land bank during the past year. At the conclusion of the report, the

chairperson of the land bank shall be prepared to answer the questions

of the municipality with respect to the projects undertaken by the

authority during the past year, the monies expended by the municipality

during the past year, and the administrative activities of the

municipality during the past year.