|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to housing, construction and community development|
|Jan 31, 2013||referred to housing, construction and community development|
senate Bill S3157
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S3157 - Details
- Current Committee:
- 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 Previous Legislative Sessions:
S3157 - 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.
S3157 - Sponsor Memo
BILL NUMBER:S3157 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; 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 PURPOSE OR GENERAL IDEA OF BILL: To protect tenants living in a building undergoing a co-op or condo conversion, require that the primary resident of a rent-regulated unit be a natural person, and strengthen enforcement of rent laws. SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends General Business Law § 352-eeee (2) (e) by extending the period in which a landlord must maintain a long-term vacancy rate that is not "excessive" in connection with a co-op/condo conversion, The law now bars "warehousing" vacant apartments 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.
S3157 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3157 2013-2014 Regular Sessions I N S E N A T E January 31, 2013 ___________ 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 January preceding the date the offering statement or prospectus was first submitted to the department of law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01740-02-3
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