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A 4626

Authorizes the county of Cattaraugus to discontinue as parklands and lease certain reforested lands in the town of Perrysburg

2025 Regular Session Introduced by Joe Sempolinski

Requires construction permit applicants to disclose amounts and funding sources, and certify updates before a certificate of occupancy, boosting project-financing transparency.

REFERRED TO LOCAL GOVERNMENTS
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Bill Summary · A 4626

Summary — Assembly Bill A4626 (as reported 12/9/2024)

Status: Referred to Local Governments (most recent action 2/4/2025)
Introductory date: 6/25/2024 — Reported out of Assembly Housing Committee with amendments 12/9/2024
Subject: Requires disclosure of construction project financing; supplements the State Uniform Construction Code Act (C.52:27D-119 et seq.)

Main purpose

A4626 requires applicants for construction permits to disclose anticipated amounts and sources of funding for the proposed construction project and to confirm or update that funding information before a certificate of occupancy is issued. The goal is to increase transparency about who is financing construction projects.

Key provisions

  • Application disclosure: An application for a construction permit must include sufficient information to identify anticipated amounts and sources of funding for the construction project, consistent with rules to be adopted by the Commissioner of Community Affairs.
  • Certificate of occupancy condition: Before issuing a certificate of occupancy, the enforcing agency must require the permit applicant to either:
    • certify that the funding information submitted with the permit application remains accurate; or
    • submit updated, accurate information identifying the amounts and sources of funding for the project.
  • Rulemaking: The Commissioner of Community Affairs must adopt implementing rules and regulations under the Administrative Procedure Act within 180 days after the act’s enactment.
  • Effective date: The act would take effect on the first day of the ninth month after enactment.
  • Statutory placement: The bill supplements the State Uniform Construction Code Act (P.L.1975, c.217).

Committee amendments / Clarifications

  • The Assembly Housing Committee added definitions for “dwelling unit” and “single‑family home.”
  • The committee clarified exemptions: the bill’s financing-disclosure requirements do not apply to:
    • single‑family homes;
    • renovations or repairs of dwelling units (as defined in the bill); or
    • alterations or reconstruction of certain structures and buildings, including alterations or reconstruction of an individual dwelling unit.
  • Technical and clarifying edits were made.

Who is affected

  • Primary: construction permit applicants (developers, owners, contractors) and construction code enforcing agencies (local enforcing agencies issuing permits and certificates of occupancy).
  • Secondary: financiers, lenders, investors, and other entities providing funding for construction projects may be indirectly affected due to required disclosure.
  • Exemptions exclude most owner‑occupied single‑family projects and certain small-scale dwelling renovations.

Potential impacts and considerations

  • Transparency: Provides public-sector officials with clearer information about the financiers of construction projects, which may aid oversight and enforcement.
  • Administrative burden: Additional disclosure and periodic certification/updating requirements create added paperwork for applicants and administrative duties for enforcing agencies.
  • Rulemaking: Practical application and scope will depend on the Commissioner’s implementing regulations (timing: within 180 days of enactment).
  • Timing: Because the act would take effect nine months after enactment, jurisdictions and applicants would have a transition period to adapt.

Legislative context

  • Reported by Assembly Housing Committee (12/9/2024) with amendments and sent to Assembly Regulated Professions Committee; later referred to Local Governments (2/4/2025).
  • As reported, sponsors included Assemblywoman Alixon Collazos‑Gill, Assemblywoman Yvonne Lopez, Assemblyman William B. Sampson IV, with several co-sponsors.
  • Companion/related bills: S3481; S1433; prior-session related bills A8218, A1515.

Compiled from official sources — confirm details with the bill’s official record.

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