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Senate Bill S8531

2017-2018 Legislative Session

Extends provisions of chapter 84 of the laws of 1993, relating to the establishment of initial rents in housing accommodations rehabilitated with loans to housing development companies

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Cities Committee

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2017-S8531 (ACTIVE) - Details

See Assembly Version of this Bill:
A10502
Current Committee:
Senate Cities
Law Section:
Housing
Laws Affected:
Amd §2, Chap 84 of 1993

2017-S8531 (ACTIVE) - Summary

Extends provisions relating to the establishment of initial rents in housing accommodations rehabilitated with loans to housing development companies.

2017-S8531 (ACTIVE) - Sponsor Memo

2017-S8531 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8531
 
                             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 84 of the laws of  1993,  amending  the  private
   housing  finance  law  relating  to  establishment of initial rents in
   housing accommodations rehabilitated with loans to housing development
   companies, 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 2 of chapter 84 of the laws of 1993, amending the
 private housing finance law relating to establishment of  initial  rents
 in  housing  accommodations rehabilitated with loans to housing develop-
 ment companies, as amended by chapter 64 of the laws of 2014, is amended
 to read as follows:
   § 2. This act shall take effect immediately and shall remain  in  full
 force  and  effect  until and including June 30, [2018] 2021 after which
 date it shall expire and be deemed repealed except that  dwelling  units
 made  subject  to  the rent stabilization law of nineteen hundred sixty-
 nine pursuant to subdivision 2 of section 576-c of the  private  housing
 finance  law,  as  added  by  section one of this act, shall continue to
 remain subject to such law.
   § 2. This act shall take effect immediately; provided,  however,  that
 if  this act shall have become a 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.
                                                            LBD15672-01-8

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