Relates to unlawful dealing in real property, when a person uses material governmental information, which such person knows or has reason to know is non-public, to purchase or sell real property; makes such offense a class A misdemeanor.
Summary
Bill A04139 seeks to amend the penal law by introducing a new section that criminalizes unlawful dealing in real property. Specifically, it makes it a class A misdemeanor for individuals to use non-public material governmental information to buy or sell real estate based on anticipated changes in property value related to that information. The bill defines 'material governmental information' broadly, encompassing various governmental actions such as tax incentives, zoning approvals, and environmental decisions that could influence property values.
Impact
If enacted, this bill would establish a legal framework to deter individuals from exploiting confidential governmental information for personal gain in real estate transactions. It would enhance the integrity of property dealings by holding individuals accountable for using privileged information, thereby potentially reducing instances of corruption and unfair advantage in the real estate market.
Sentiment
The general sentiment around Bill A04139 appears to be supportive among legislators concerned with transparency and fairness in real estate transactions. However, there may be some apprehension regarding the implications for individuals who may inadvertently violate this law due to the broad definition of 'material governmental information.'
Contention
Notable points of contention may arise around the definition of 'material governmental information' and the potential for overreach in enforcement. Critics may argue that the bill could unintentionally penalize individuals who are not aware that the information they possess is considered non-public. Supporters, however, emphasize the need for accountability and the prevention of corruption in real estate dealings.
Same As
Relates to unlawful dealing in real property, when a person uses material governmental information, which such person knows or has reason to know is non-public, to purchase or sell real property; makes such offense a class A misdemeanor.
Relates to unlawful dealing in real property, when a person uses material governmental information, which such person knows or has reason to know is non-public, to purchase or sell real property; makes such offense a class A misdemeanor.
Relates to unlawful dealing in real property, when a person uses material governmental information, which he or she knows or has reason to know is non-public, to purchase or sell real property; makes such offense a class A misdemeanor.
Relating to information provided to a purchaser of a manufactured home regarding the ability to elect to treat the home as real property or personal property.
Relating to the authority of a political subdivision to issue certain public securities to purchase or lease tangible personal property or purchase, improve, or construct an improvement to real property.
Prohibits the use of intoxication of the victim as a defense in sex crimes where the victim is under the influence of any drug, intoxicant, or other substance to a degree which rendered the victim temporarily incapable of appraising or controlling such person's conduct and such condition was known or reasonably should have been known to a person in the actor's situation.
Creates the crime of stalking a police officer or peace officer when a person intentionally, and for no legitimate purpose, engages in a course of conduct directed at a specific police officer, peace officer or a person who he or she knows or reasonably should know is a member of such officer's immediate family, and knows or reasonably should know that such conduct is likely to cause reasonable fear of material harm to the physical health, safety or property of such officer or member of such officer's immediate family; makes stalking a police officer or peace officer a class E felony; requires the posting of bail; makes related provisions.