assembly Bill A10901

2019-2020 Legislative Session

Relates to suspending rent payments for certain tenants in response to the outbreak of COVID-19

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Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 17, 2020 referred to small business

Co-Sponsors

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A10901 (ACTIVE) - Details

See Senate Version of this Bill:
S8865
Law Section:
Financial Services

A10901 (ACTIVE) - Summary

Relates to suspending rent payments for certain tenants due to the state of emergency declared by Executive Order No. 202, where they have lost earned income or were forced to close their place of business; requires landlords to accept 20 percent or one-third of contractual rent each month; requires the superintendent of the department of financial services to establish and implement an interim commercial rent relief program to support covered tenants and landlords impacted by the COVID-19 pandemic.

A10901 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10901
 
                           I N  A S S E M B L Y
 
                              August 17, 2020
                                ___________
 
 Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Epstein) --
   read once and referred to the Committee on Small Business
 
 AN ACT to suspend rent payments for certain tenants in response  to  the
   outbreak of coronavirus
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. For the purposes of this act:
   (a) "actual income" means for a not-for-profit  corporation  employing
 twenty-five  or less full-time employees or full-time equivalent employ-
 ees or for a small business incorporated and  resident  in  this  state,
 independently owned and operated, not dominant in its field, and employs
 twenty-five  or less full-time employees or full-time equivalent employ-
 ees, all revenue, including emergency federal, state  or  local  assist-
 ance,  or  any  other  form of income that  may be used to pay rent, but
 excluding restricted grants;
   (b) "landlord" means the person or entity to  whom  a  covered  tenant
 owes rent;
   (c)  "rent"  means the amount charged in consideration for the use and
 occupancy of real property pursuant to a written or oral  rental  agree-
 ment or statute;
   (d)  "state  of  emergency"  means  the state of emergency declared by
 executive order 202 that began on March 7, 2020 and any  further  amend-
 ments  or  modifications,  and  as  may  be further extended pursuant to
 section 28 of the executive law;
   (e) "covered tenant" includes a tenant that is a not-for-profit corpo-
 ration employing twenty-five or less full-time  employees  or  full-time
 equivalent  employees, or a tenant that is a small business incorporated
 and resident in this state, independently owned and operated, not  domi-
 nant  in  its field, and employs twenty-five or less full-time employees
 or full-time equivalent employees; and
   (f) "covered period" means March 7, 2020 until the date on which  none
 of  the provisions that closed or otherwise restricted public or private
 businesses or places of public accommodation, or  required  postponement
 or  cancellation of all non-essential gatherings of individuals  of  any

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets