Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 09, 2010 |
referred to housing |
Assembly Bill A9899
2009-2010 Legislative Session
Sponsored By
KELLNER
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
co-Sponsors
Richard Gottfried
Deborah Glick
Linda Rosenthal
Joan Millman
multi-Sponsors
Jonathan Bing
James F. Brennan
Barbara Clark
2009-A9899 (ACTIVE) - Details
2009-A9899 (ACTIVE) - Sponsor Memo
BILL NUMBER:A9899 TITLE OF BILL: An act to amend the general business law, in relation to vacancies and illegal use and occupancy relating to cooperative or condominium conversion plans PURPOSE OR GENERAL IDEA OF BILL: To protect tenants living in a build- ing undergoing a co-op or condo conversion. SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends General Business Law 352-eeee (2) (e) by extending the period in which a landlord must main- tain a long-term vacancy rate that is not "excessive" in connection with a co-op/condo conversion. The law now bars "warehousing" vacant apart- ments during the period five months prior to filing a proposed offering statement with the attorney general. The bill extends that ban to the period up until the proposed offering statement is accepted by the attorney general. Section 2 amends General Business Law § 352-eeee (4), to add that if a landlord permits illegal use or occupancy in the building, the attorney general may block the co-op/condo conversion. JUSTIFICATION: Landlords who are converting rental properties into co-ops and condos often begin evicting tenants and letting apartments stay vacant as soon as the conversion prospectus is filed with the attorney general, in order to increase the value of the shares or units
2009-A9899 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9899 I N A S S E M B L Y February 9, 2010 ___________ Introduced by M. of A. KELLNER, GOTTFRIED, GLICK, ROSENTHAL, MILLMAN -- Multi-Sponsored by -- M. of A. BING, BRENNAN, CLARK -- read once and referred to the Committee on Housing AN ACT to amend the general business law, in relation to vacancies and illegal use and occupancy relating to cooperative or condominium conversion plans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (e) of subdivision 2 of section 352-eeee of the general business law, as added by chapter 555 of the laws of 1982, is amended to read as follows: (e) The attorney general finds that an excessive number of long-term vacancies did not exist on the date that the offering statement or pros- pectus was first submitted to the department of law OR AT ANY TIME BETWEEN THAT DATE AND THE ISSUANCE OF THE LETTER FROM THE ATTORNEY GENERAL STATING THAT THE OFFERING STATEMENT OR PROSPECTUS REQUIRED IN SUBDIVISION ONE OF SECTION THREE HUNDRED FIFTY-TWO-E OF THIS ARTICLE HAS BEEN FILED. "Long-term vacancies" shall mean dwelling units not leased or occupied by bona fide tenants for more than five months prior to the date of such submission to the department of law OR PRIOR TO ANY TIME BETWEEN THAT DATE AND THE ISSUANCE OF SUCH LETTER. "Excessive" shall mean a vacancy rate in excess of the greater of (i) ten percent and (ii) a percentage that is double the normal average vacancy rate for the building or group of buildings or development for two years prior to the January preceding the date the offering statement or prospectus was first submitted to the department of law. S 2. Subdivision 4 of section 352-eeee of the general business law, as added by chapter 555 of the laws of 1982, is amended to read as follows: 4. It shall be unlawful for any person to engage in any course of conduct, including, but not limited to, interruption or discontinuance of essential services, which substantially interferes with or disturbs the comfort, repose, peace or quiet of any tenant in his use or occupan- cy of his dwelling unit or the facilities related thereto, OR PERMITTING OR MAINTAINING ANY ILLEGAL USE OR OCCUPANCY OF THE PREMISES. The attor- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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