Bill
A 5585
Bill A 5585 creates a central database for government real estate transactions, enhancing transparency and access for the public while standardizing record-keeping practices.
Bill Number: A 5585
Title: Establishes Central Depository Databases for Governmental Real Property Transaction Records and Data
Status: Referred to Governmental Operations
Introduced: February 18, 2025
Classification: Bill
Bill A 5585 aims to create a centralized system for the storage and management of governmental real property transaction records and data. The primary intent is to enhance transparency, accessibility, and efficiency in the handling of real estate transactions involving government entities. By establishing a central depository, the bill seeks to streamline processes and improve the availability of information related to government-owned properties.
Central Depository Creation: The bill mandates the establishment of a central depository database that will house all governmental real property transaction records. This database will serve as a comprehensive resource for tracking property transactions involving state and local government entities.
Data Accessibility: The legislation emphasizes the importance of making the data easily accessible to the public, ensuring that citizens can obtain information regarding government real estate transactions without unnecessary barriers.
Standardization of Records: The bill proposes the standardization of data formats and record-keeping practices across various governmental agencies to ensure consistency and reliability in the information stored within the central depository.
Interagency Collaboration: It encourages collaboration among various governmental departments to facilitate the sharing of data and improve the overall management of real property records.
Government Entities: Local and state government agencies involved in real property transactions will be directly impacted as they will need to adapt to the new centralized system for record-keeping.
Citizens and Stakeholders: The general public, including real estate professionals, researchers, and community organizations, will benefit from improved access to governmental real estate data, fostering greater transparency and informed decision-making.
Data Management Professionals: Individuals working in data management and information technology within government agencies will be tasked with implementing and maintaining the new database system.
Current Status: As of February 18, 2025, Bill A 5585 has been referred to the Governmental Operations committee for further consideration.
Related Legislation: This bill is related to prior-session Bill A 10443 and has a companion bill, S 6899, which may provide additional context or support for its provisions.
Bill A 5585 represents a significant step towards modernizing the management of governmental real property transaction records. By establishing a central depository, the bill aims to enhance transparency and efficiency in government operations, ultimately benefiting both government agencies and the public. Further developments will be monitored as the bill progresses through the legislative process.
Compiled from official sources — confirm details with the bill’s official record.
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