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Senate Bill S467

2009-2010 Legislative Session

Requires landlords to make certain records available upon request of the rent guidelines board

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Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development Committee

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2009-S467 (ACTIVE) - Details

Current Committee:
Senate Housing, Construction And Community Development
Law Section:
New York City Administrative Code
Laws Affected:
Amd §26-510, NYC Ad Cd; amd §4, Emerg Ten Prot Act of 1974
Versions Introduced in 2011-2012 Legislative Session:
S2258

2009-S467 (ACTIVE) - Summary

Requires landlords to make books and records available regarding income and other certain information upon request of the rent guidelines board to be used in determining whether certain rents for housing accommodations within a city having a population of one million or more shall be adjusted; requires the rent guidelines board to keep such information confidential; and authorizes the rent guidelines board to administer oaths, issue subpoenas and perform other certain duties.

2009-S467 (ACTIVE) - Sponsor Memo

2009-S467 (ACTIVE) - Bill Text download pdf 

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

                                   467

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced  by  Sen.  KRUGER -- 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 administrative code of the city of New York and the
  emergency tenant protection act of nineteen seventy-four, in  relation
  to the powers of the rent guidelines board

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

  Section 1. Subdivision b of section 26-510 of the administrative  code
of the city of New York is amended to read as follows:
  b.  (1)  The rent guidelines board shall establish annually guidelines
for rent adjustments, and  in  determining  whether  rents  for  housing
accommodations  subject  to the emergency tenant protection act of nine-
teen seventy-four or this law shall be adjusted  shall  consider,  among
other  things  (1) the economic condition of the residential real estate
industry in the affected area including such factors as  the  prevailing
and  projected  (i)  real  estate  taxes and sewer and water rates, (ii)
gross operating maintenance costs (including  insurance  rates,  govern-
mental fees, cost of fuel and labor costs), (iii) costs and availability
of  financing  (including  effective  rates  of interest), (iv) over-all
supply of housing accommodations and over-all vacancy rates,  (2)  rele-
vant  data from the current and projected cost of living indices for the
affected area, (3) such other data as may be made available to  it.  Not
later than July first of each year, the rent guidelines board shall file
with  the  city  clerk its findings for the preceding calendar year, and
shall accompany such findings with a statement of the  maximum  rate  or
rates  of  rent  adjustment, if any, for one or more classes of accommo-
dations subject to this law,  authorized  for  leases  or  other  rental
agreements commencing on the next succeeding October first or within the
twelve months thereafter. Such findings and statement shall be published
in the City Record.
  (2)  UPON  REQUEST  BY THE RENT GUIDELINES BOARD, LANDLORDS SUBJECT TO
REGULATION UNDER THE EMERGENCY TENANT PROTECTION ACT OF NINETEEN  SEVEN-

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