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Senate Bill S8530

2017-2018 Legislative Session

Extends the expiration of authority granted to the city of New York to restructure rent for units in multiple dwellings getting small loans to remove substandard or insanitary conditions

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Sponsored By

Archive: Last Bill Status - In Senate Committee Cities Committee

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2017-S8530 (ACTIVE) - Details

See Assembly Version of this Bill:
A10605
Current Committee:
Senate Cities
Law Section:
Housing
Laws Affected:
Amd §6, Chap 777 of 1986

2017-S8530 (ACTIVE) - Summary

Extends the expiration of authority granted to the city of New York to restructure rent for units in multiple dwellings getting small loans to remove substandard or insanitary conditions.

2017-S8530 (ACTIVE) - Sponsor Memo

2017-S8530 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8530
 
                             I N  S E N A T E
 
                                May 9, 2018
                                ___________
 
 Introduced  by  Sen.  LITTLE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Cities
 
 AN ACT to amend chapter 777 of the laws of  1986  amending  the  private
   housing  finance  law,  relating  to small loans to owners of multiple
   dwellings to remove substandard or insanitary conditions, in  relation
   to the effectiveness thereof

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 6 of chapter 777 of the laws of 1986  amending  the
 private  housing finance law relating to small loans to owners of multi-
 ple dwellings to remove substandard or insanitary conditions, as amended
 by chapter 76 of the laws of 2014, is amended to read as follows:
   § 6. This  act  shall  take  effect  immediately;  provided  that  the
 provisions  of sections three, four and five of this act shall remain in
 full force and effect until and including June 30, [2018] 2021.
   § 2. This act shall take effect immediately; provided,  however,  that
 if  this  act  shall have become law after June 30, 2018, this act shall
 take effect immediately and shall be retroactive to and deemed  to  have
 been in full force and effect on and after June 30, 2018.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15818-01-8

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