Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 20, 2010 |
referred to housing, construction and community development |
Senate Bill S7545
2009-2010 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-S7545 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A834
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- General Business Law
- Laws Affected:
- Amd §§352-ee, 352-eee & 352-eeee, Gen Bus L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S604, A798
2013-2014: S54, A360
2015-2016: S1252, A313
2017-2018: S343, A1102
2019-2020: A3100
2009-S7545 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7545 TITLE OF BILL : An act to amend the general business law, in relation to prohibiting a sponsor from becoming a director or voting on the board after a building has been converted to a cooperative apartment building or condominium ownership PURPOSE OR GENERAL IDEA OF THE BILL : To insure that once a housing project or facility has been converted into a co-op from a rental apartment building a sponsor cannot become a director or vote on the board after a building has been converted to a cooperative apartment building. SUMMARY OF PROVISIONS : Amends the General Business Law by adding a new paragraph (vi) to subdivision 1 of section 352-ee, paragraph (g) to subdivision 2 of section 352-eee, and paragraph (g) to subdivision 2 of section 352-eeee. JUSTIFICATION : This bill would eliminate the possibility of landlords holding a seat on the board of directors or be allowed to vote any shares after conversion to cooperative ownership. Presently there are no laws that state that once a landlord sells apartments from his or her apartment
2009-S7545 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7545 I N S E N A T E April 20, 2010 ___________ Introduced by Sen. PERALTA -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the general business law, in relation to prohibiting a sponsor from becoming a director or voting on the board after a build- ing has been converted to a cooperative apartment building or condo- minium ownership THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraphs (iv) and (v) of subdivision 1 of section 352-ee of the general business law, as added by chapter 509 of the laws of 1978, are amended and a new paragraph (vi) is added to read as follows: (iv) a statement, satisfactory to the attorney general, that it is the obligation of the sponsor to complete all alterations and improvements to individual spaces or dwelling units in compliance with such approved plans within the time specified in the plan or, if the sponsor does not undertake such obligation, that it is the obligation of the individual owners of shares in the cooperative corporation or of condominium units, under the supervision of the cooperative corporation or, in the case of a condominium, under the supervision of the board of managers, to complete such alterations and improvements within the time specified in the plan; [and] (v) a statement that a permanent certificate of occupancy is required for permanent residential use of the premises, that a temporary certif- icate of occupancy may only be renewed for a total period of two years from the date of its original issuance and that, if the temporary certificate of occupancy shall have expired prior to obtaining a perma- nent certificate of occupancy, residential occupancy of the premises will be in violation of the multiple dwelling law, subjecting the occu- pants and the cooperative corporation and its board of directors or, in the case of a condominium, the unit owners and board of managers, to penalties under the multiple dwelling law including eviction of residen- tial occupants[.]; AND EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02737-01-9
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