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Senate Bill S8532

2017-2018 Legislative Session

Relates to buildings that are part of urban development action area projects and are rehabilitated with municipal loans, in relation to the effectiveness thereof

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Archive: Last Bill Status - In Senate Committee Cities Committee

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2017-S8532 (ACTIVE) - Details

See Assembly Version of this Bill:
A10501
Current Committee:
Senate Cities
Law Section:
General Municipal
Laws Affected:
Amd §2, Chap 613 of 1996

2017-S8532 (ACTIVE) - Summary

Amends provisions relating to buildings that are part of urban development action area projects and are rehabilitated with municipal loans, in relation to the effectiveness thereof.

2017-S8532 (ACTIVE) - Sponsor Memo

2017-S8532 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8532
 
                             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 613 of the laws of 1996,  amending  the  general
   municipal law relating to buildings that are part of urban development
   action  area  projects  and are rehabilitated with municipal loans, 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 613 of the laws of 1996, amending the
 general municipal law relating to  buildings  that  are  part  of  urban
 development  action  area  projects and are rehabilitated with municipal
 loans, as amended by chapter 65 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  with  respect
 to  multiple dwellings rehabilitated with the aid of a loan from a muni-
 cipality, pursuant to subdivision 1 of  section  696-a  of  the  general
 municipal  law as designated by section one of this act, that has closed
 on or prior to such date, after which date it shall expire and be deemed
 repealed except that multiple dwellings that are subject to the emergen-
 cy housing rent control law, the local emergency  housing  rent  control
 act, the emergency tenant protection act of nineteen seventy-four and/or
 any  local  law  enacted  pursuant  thereto pursuant to subdivision 2 of
 section 696-a of the general municipal law as added by  section  one  of
 this  act, shall continue to be subject thereto as provided in or pursu-
 ant to such laws and/or acts.
   § 2. This act shall take effect immediately; provided,  however,  that
 if  this  act  shall  have  become a law after June 30, 2018 it shall be
 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.
                                                            LBD15678-01-8

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