Assembly Bill A2747

2009-2010 Legislative Session

Relates to qualified leasehold condominiums owned by the Westchester Housing Land Trust, Inc.

download bill text pdf

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Archive: Last Bill Status - In Assembly 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

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2009-A2747 (ACTIVE) - Details

Current Committee:
Assembly Housing
Law Section:
Real Property Law
Laws Affected:
Amd ยง339-e, RP L

2009-A2747 (ACTIVE) - Summary

Relates to qualified leasehold condominiums owned by the Westchester Housing Land Trust, Inc.

2009-A2747 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2747

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 21, 2009
                               ___________

Introduced  by  M. of A. PAULIN, BRODSKY, BRADLEY, GALEF, LATIMER, PRET-
  LOW, SPANO -- read once and referred to the Committee on Housing

AN ACT to amend the real property law, in relation  to  the  Westchester
  Housing Land Trust, Inc.

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 12 of section 339-e of the real  property  law,
as  amended  by  chapter  213 of the laws of 2005, is amended to read as
follows:
  12. "Qualified leasehold condominium" means any leasehold interest  in
real  property  intended  to  be  used  for either residential purposes,
commercial purposes, industrial purposes  or  any  combination  of  such
purposes, together with any fee simple absolute or leasehold interest in
the  buildings and all other improvements which have been or at any time
hereafter may be erected upon such real property, which has been  or  is
intended  to  be  submitted  to the provisions of this article, provided
that, on the date of the recording of the declaration: (i)  the  battery
park city authority or the Roosevelt Island operating corporation is the
holder  of  the tenant's interest in such leasehold interest or (ii) the
Queens West development corporation is  the  holder  of  the  landlord's
interest  in  such  leasehold interest or (iii) the Brooklyn bridge park
development corporation is the holder of the landlord's interest in such
leasehold interest OR (IV) THE WESTCHESTER HOUSING LAND TRUST,  INC.  IS
THE HOLDER OF THE LANDLORD'S INTEREST IN SUCH LEASEHOLD INTEREST.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03866-01-9

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