senate Bill S386

2011-2012 Legislative Session

Relates to vacancies and illegal use and occupancy with regard to cooperative or condominium conversion plans

download bill text pdf

Sponsored By

Archive: Last Bill Status -


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to housing, construction and community development
Jan 05, 2011 referred to housing, construction and community development

S386 - Details

Law Section:
General Business Law
Laws Affected:
Amd §352-eeee, Gen Bus L; add §5-b, amd §12, Emerg Ten Prot Act of 1974; amd §§26-512 & 26-516, NYC Ad Cd; amd §6, Emerg Hous Rent Cont L; amd §1802, NYC Chart
Versions Introduced in 2009-2010 Legislative Session:
S5617

S386 - Summary

Relates to vacancies and illegal use and occupancy with regard to cooperative or condominium conversion plans; makes it unlawful to permit or maintain any illegal use or occupancy of a premises subject to a conversion plan.

S386 - Sponsor Memo

S386 - Bill Text download pdf

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

                                   386

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sen. KRUEGER -- 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 general business law, in relation to vacancies and
  illegal use and  occupancy  relating  to  cooperative  or  condominium
  conversion  plans;  to  amend  the  emergency tenant protection act of
  nineteen seventy-four and the administrative code of the city  of  New
  York,  in  relation  to leasing to business and other entities; and to
  amend the emergency tenant protection act  of  nineteen  seventy-four,
  the  emergency housing rent control law and the New York city charter,
  in relation to investigations and inspections by the city of New York

  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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04049-01-1

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