Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 03, 2010 |
held for consideration in housing |
Jan 06, 2010 |
referred to housing |
Feb 02, 2009 |
referred to housing |
Assembly Bill A4231
2009-2010 Legislative Session
Sponsored By
FITZPATRICK
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
Actions
2009-A4231 (ACTIVE) - Details
- Current Committee:
- Assembly Housing
- Law Section:
- New York City Administrative Code
- Laws Affected:
- Amd §§26-405 & 26-511, NYC Ad Cd; amd §6, Emerg Ten Prot Act of 1974
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
A2569
2013-2014: A3197
2015-2016: A3097
2017-2018: A7348
2019-2020: A6118
2021-2022: A5634
2023-2024: A4680
2009-A4231 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4231 2009-2010 Regular Sessions I N A S S E M B L Y February 2, 2009 ___________ Introduced by M. of A. FITZPATRICK, WALKER -- read once and referred to the Committee on Housing AN ACT to amend the administrative code of the city of New York and the emergency tenant protection act of nineteen seventy-four, in relation to providing an alternative hardship allowance THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of subparagraph (a) of paragraph 1 of subdivision g of section 26-405 of the administrative code of the city of New York is amended to read as follows: The rental income from a property yields a net annual return of less than [six] EIGHT AND ONE-HALF per centum of the valuation of the proper- ty. S 2. Subdivision c of section 26-511 of the administrative code of the city of New York is amended by adding a new paragraph 6-b to read as follows: (6-B) PROVIDES CRITERIA WHEREBY AS AN ALTERNATIVE TO THE HARDSHIP APPLICATION PROVIDED UNDER PARAGRAPH SIX OR PARAGRAPH SIX-A OF THIS SUBDIVISION OWNERS OF BUILDINGS ACQUIRED BY THE SAME OWNER OR A RELATED ENTITY OWNED BY THE SAME PRINCIPALS THREE YEARS PRIOR TO THE DATE OF APPLICATION MAY APPLY TO THE STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL FOR INCREASES IN EXCESS OF THE LEVEL OF APPLICABLE GUIDELINE INCREASES ESTABLISHED UNDER THIS LAW BASED ON A FINDING BY THE COMMIS- SIONER OF HOUSING AND COMMUNITY RENEWAL THAT SUCH GUIDELINE INCREASES ARE NOT SUFFICIENT TO ENABLE THE OWNER TO MAINTAIN A NET ANNUAL RETURN OF EIGHT AND ONE-HALF PER CENTUM OF THE VALUATION OF THE PROPERTY. SUCH VALUATION SHALL BE THE CURRENT ASSESSED VALUATION, WHICH IS IN EFFECT AT THE TIME OF THE FILING OF THE APPLICATION FOR AN ADJUSTMENT UNDER THIS PARAGRAPH PROPERLY ADJUSTED BY APPLYING THERETO THE RATIO WHICH SUCH ASSESSED VALUATION BEARS TO THE FULL VALUATION AS DETERMINED BY THE STATE BOARD OF REAL PROPERTY SERVICES. NET ANNUAL RETURN SHALL BE THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02878-01-9
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