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Senate Bill S3043

2015-2016 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 Senate Committee Housing, Construction And Community Development Committee

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2015-S3043 (ACTIVE) - Details

Current Committee:
Senate Housing, Construction And Community Development
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 Other Legislative Sessions:
2009-2010: S1794
2011-2012: S1294
2013-2014: S500

2015-S3043 (ACTIVE) - Summary

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

2015-S3043 (ACTIVE) - Sponsor Memo

2015-S3043 (ACTIVE) - Bill Text download pdf 

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

                                  3043

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 2, 2015
                               ___________

Introduced by Sen. ESPAILLAT -- 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.  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 is amended by adding a new paragraph 6 to read as
follows:
  (6) NOTWITHSTANDING PARAGRAPH THREE OF THIS SUBDIVISION THERE SHALL BE
NO ADJUSTMENT FOR ANY MAJOR CAPITAL IMPROVEMENT FUNDED IN ANY PART  FROM
MONEYS  PROVIDED  BY  THE NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT
AUTHORITY.
  S 2. Paragraph 1 of subdivision g of section 26-405 of the administra-
tive code of the city of New York, is amended by adding a  new  subpara-
graph (p) to read as follows:
  (P)  NOTWITHSTANDING SUBPARAGRAPHS (G) OR (K) OF THIS PARAGRAPH, THERE
SHALL BE NO ADJUSTMENT FOR ANY MAJOR  CAPITAL  IMPROVEMENT  OR  FOR  ANY
OTHER  EXPENDITURES  TO  IMPROVE,  RESTORE  OR PRESERVE THE QUALITY OF A
STRUCTURE IF SUCH MAJOR CAPITAL IMPROVEMENT OR SUCH OTHER EXPENDITURE IS
FUNDED IN ANY PART FROM MONEYS PROVIDED BY THE  NEW  YORK  STATE  ENERGY
RESEARCH AND DEVELOPMENT AUTHORITY.
  S 3. This act shall take effect immediately; provided that:
  (a)  the  amendments to subdivision d of section 6 of section 4 of the
emergency tenant protection act of nineteen seventy-four made by section
one of this act shall expire on the same date as such  act  expires  and

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03437-01-5

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