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

    S. 7925                                                 A. 11174

                      S E N A T E - A S S E M B L Y

                              May 24, 2010
                               ___________

IN  SENATE  --  Introduced  by  COMMITTEE ON RULES -- (at request of the
  Governor) -- read twice and ordered printed, and when  printed  to  be
  committed to the Committee on Finance

IN  ASSEMBLY  --  Introduced by COMMITTEE ON RULES -- (at request of the
  Governor) -- read once and referred to the Committee on Ways and Means

AN ACT to amend chapter 405 of the laws of 1999 amending the real  prop-
  erty  tax  law  relating to improving the administration of the school
  tax relief (STAR) program, in relation to the lottery  game  of  Quick
  Draw;  to  amend chapter 349 of the laws of 1982 amending the multiple
  dwelling law relating to legalization of interim multiple dwellings in
  cities over one million, in relation to the effectiveness thereof;  to
  amend  the multiple dwelling law, in relation to owner obligations; in
  relation to providing for the  administration  of  certain  funds  and
  accounts  relating  to  the 2010-2011 budget; and to amend the private
  housing finance law, in relation to authorizing certain  deposits  and
  transfers

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

  Section 1. Section 1 of part J of chapter 405 of  the  laws  of  1999,
amending  the  real  property tax law relating to improving the adminis-
tration of the school tax relief (STAR) program, as amended by section 3
of part PP-1 of chapter 57 of the laws of 2008, is amended  to  read  as
follows:
  Section  1. Notwithstanding the provisions of article 5 of the general
construction law, the provisions of the  tax  law  amended  by  sections
94-a,  94-d and 94-g of chapter 2 of the laws of 1995 are hereby revived
and shall continue in full force and effect as they existed on March 31,
1999 through [May 31] JUNE 18, 2010, when  upon  such  date  they  shall
expire  and  be  repealed.  Sections 1, 2, 3, 4, and 5, and such part of
section 10 of chapter 336 of the laws of 1999 as  relates  to  providing
for  the effectiveness of such sections 1, 2, 3, 4 and 5 shall be nulli-
fied in effect on the effective date of this section,  except  that  the
amendments  made  to:  paragraph (2) of subdivision a of section 1612 of

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

                                                           LBD12244-01-0

S. 7925                             2                           A. 11174

the tax law by such section 1; and subdivision b of section 1612 of  the
tax  law by such section 2; and the repeal of section 152 of chapter 166
of the laws of 1991 made by such section 5 shall continue to  remain  in
effect.
  S 2. Section 3 of chapter 349 of the laws of 1982, amending the multi-
ple dwelling law relating to the legalization of interim multiple dwell-
ings in cities over one million, as amended by section 1 of part PP-1 of
chapter 57 of the laws of 2008, is amended to read as follows:
  S  3. Effective date and termination. This act shall take effect imme-
diately. The provisions of this act  and  all  regulations,  orders  and
requirements thereunder shall terminate at the close of the calendar day
[May 31] JUNE 18, 2010.
  S  3.  Paragraph  (v)  of subdivision 1 of section 284 of the multiple
dwelling law, as amended by section 2 of part PP-1 of chapter 57 of  the
laws of 2008, is amended to read as follows:
  (v) An owner of an interim multiple dwelling who has not complied with
the  requirements of paragraph (i), (ii), (iii) or (iv) of this subdivi-
sion by the effective date of this  paragraph  as  provided  in  chapter
eighty-five of the laws of two thousand two shall hereafter be deemed in
compliance  with  this  subdivision  provided  that  such owner filed an
alteration application by September first, nineteen hundred ninety-nine,
took all reasonable and necessary action to obtain  an  approved  alter-
ation  permit by March first, two thousand, achieves compliance with the
standards of safety and fire protection set forth in article seven-B  of
this  chapter for the residential portions of the building by [May] JUNE
first, two thousand ten  or  within  twelve  months  from  obtaining  an
approved  alteration permit whichever is later, and takes all reasonable
and necessary action to obtain a certificate of occupancy as a  class  A
multiple dwelling for the residential portions of the building or struc-
ture  by  [May thirty-first] JUNE EIGHTEENTH, two thousand ten or within
one month from achieving compliance with  the  aforementioned  standards
for the residential portions of the building, whichever is later.
  S  4.  Notwithstanding any provision of law to the contrary, the power
authority of the state of New York, as deemed feasible and advisable  by
its  trustees,  is authorized and directed to make a contribution to the
state treasury to the credit of  the  general  fund  in  the  amount  of
$65,000,000  for  the fiscal year commencing April 1, 2010, the proceeds
of which will be utilized for economic development, energy efficiency or
energy cost mitigation purposes. The power authority of the state of New
York will transfer not less than $40,000,000 by June 1, 2010,  and  will
transfer the remainder, up to $25,000,000, by January 31, 2011.
  S  5.  Section  44  of  the  private housing finance law is amended by
adding a new subdivision 32 to read as follows:
  32.  TO TRANSFER FUNDS IN AN AMOUNT TO BE AGREED UPON, AT THE  REQUEST
OF THE DIRECTOR OF THE DIVISION OF THE BUDGET, TO THE STATE TREASURY FOR
DEPOSIT  TO  THE GENERAL FUND AS AN EXPENSE OF THE AGENCY. SUCH TRANSFER
SHALL BE MADE IN SUCH AMOUNTS AND AT  SUCH  TIMES  AS  SPECIFIED  IN  AN
AGREEMENT  OR AGREEMENTS EXECUTED BETWEEN THE AGENCY AND THE DIRECTOR OF
THE BUDGET WITH COPIES TO BE PROVIDED TO THE CHAIRMAN  OF  THE  ASSEMBLY
WAYS  AND MEANS COMMITTEE AND THE CHAIRMAN OF THE SENATE FINANCE COMMIT-
TEE.
  S 6. This act shall take effect immediately;  provided  however,  that
the  amendments  to paragraph (v) of subdivision 1 of section 284 of the
multiple dwelling law made by section three of this act shall not affect
the repeal of such section  and  shall  be  deemed  repealed  therewith,
pursuant to section 3 of chapter 349 of the laws of 1982, as amended.