senate Bill S1294

2011-2012 Legislative Session

Prevents landlords from receiving a financial windfall from major capital improvements funded by the New York state energy and research development authority

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to housing, construction and community development
Jan 06, 2011 referred to housing, construction and community development

S1294 - Details

See Assembly Version of this Bill:
A6123
Current Committee:
Law Section:
Emergency Tenant Protection Act of 1974
Laws Affected:
Amd §6, Emerg Ten Prot Act of 1974; amd §26-405, NYC Ad Cd
Versions Introduced in 2009-2010 Legislative Session:
S1794, A4877

S1294 - Summary

Prevents landlords from receiving a financial windfall from major capital improvements funded by the New York State energy and research development authority.

S1294 - Sponsor Memo

S1294 - Bill Text download pdf

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

                                  1294

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             January 6, 2011
                               ___________

Introduced  by  Sen.  DUANE  -- 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 emergency tenant protection act of nineteen seven-
  ty-four and the administrative code  of  the  city  of  New  York,  in
  relation to prohibiting landlords from increasing rent for major capi-
  tal improvements funded through state entities

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

  Section 1. Paragraph 3 of subdivision d of section 6 of section  4  of
chapter  576  of  the  laws  of  1974  constituting the emergency tenant
protection act of nineteen seventy-four, as amended by  chapter  749  of
the laws of 1990, is amended to read as follows:
  (3)  there has been since January first, nineteen hundred seventy-four
a major capital improvement required for the operation, preservation  or
maintenance  of  the structure; PROVIDED THAT THE MAJOR CAPITAL IMPROVE-
MENT WAS NOT FUNDED IN ANY PART FROM MONEYS PROVIDED  BY  THE  NEW  YORK
STATE  ENERGY  RESEARCH  AND DEVELOPMENT AUTHORITY.  An adjustment under
this paragraph shall be in an amount sufficient to amortize the cost  of
the improvements pursuant to this paragraph over a seven-year period, or
  S  2.  Subparagraph  (g)  of  paragraph  1 of subdivision g of section
26-405 of the administrative code of the city of New York, as amended by
chapter 749 of the laws of 1990, is amended to read as follows:
  (g) There has been since July first, nineteen hundred seventy, a major
capital improvement required for the operation, preservation or  mainte-
nance  of the structure; PROVIDED THAT THE MAJOR CAPITAL IMPROVEMENT WAS
NOT FUNDED IN ANY PART FROM MONEYS PROVIDED BY THE NEW YORK STATE ENERGY
RESEARCH AND DEVELOPMENT AUTHORITY.  An adjustment under  this  subpara-
graph  (g)  shall be in an amount sufficient to amortize the cost of the
improvements pursuant to this subparagraph (g) over a seven-year period;
or

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00583-01-1

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