Senate Bill S6691A

2023-2024 Legislative Session

Relates to rent registration statements filed by a limited liability company

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Housing, Construction And Community Development Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2023-S6691 - Details

See Assembly Version of this Bill:
A5693
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Emergency Tenant Protection Act of 1974
Laws Affected:
Amd §12-a, Emerg Ten Prot Act of 1974; amd §26-517, NYC Ad Cd

2023-S6691 - Summary

Requires that any limited liability company who files a rent registration statement shall include a list of all members of such limited liability company and each member's ownership interest.

2023-S6691 - Sponsor Memo

2023-S6691 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6691
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                                May 5, 2023
                                ___________
 
 Introduced  by  Sen.  CLEARE -- 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 rent registration statements filed by a limited liability
   company
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  12-a  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 subdivision b-1 to read as
 follows:
   B-1. NOTWITHSTANDING ANY OTHER LAW TO THE CONTRARY, WHEN THE OWNER  OF
 A  HOUSING ACCOMMODATION IS A LIMITED LIABILITY COMPANY AND IS REGISTER-
 ING SUCH HOUSING ACCOMMODATION PURSUANT TO THIS  SECTION,  SUCH  LIMITED
 LIABILITY  COMPANY SHALL BE REQUIRED TO INCLUDE IN ITS SUBMISSION TO THE
 STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL A LIST OF ALL DIRECT AND
 INDIRECT OWNERS OF THE MEMBERSHIP INTERESTS OF  SUCH  LIMITED  LIABILITY
 COMPANY AND THE PROPORTION OF EACH DIRECT OR INDIRECT MEMBER'S OWNERSHIP
 INTEREST IN SUCH LIMITED LIABILITY COMPANY. THE REQUIREMENT SET FORTH BY
 THIS  SECTION  SHALL  BE  IN  ADDITION  TO THE DATA REQUIRED PURSUANT TO
 SUBDIVISION A OF THIS SECTION.
   § 2. Section 26-517 of the administrative code of the city of New York
 is amended by adding a new subdivision b-1 to read as follows:
   B-1. NOTWITHSTANDING ANY OTHER LAW TO THE CONTRARY, WHEN THE OWNER  OF
 A  HOUSING ACCOMMODATION IS A LIMITED LIABILITY COMPANY AND IS REGISTER-
 ING SUCH HOUSING ACCOMMODATION PURSUANT TO THIS  SECTION,  SUCH  LIMITED
 LIABILITY  COMPANY SHALL BE REQUIRED TO INCLUDE IN ITS SUBMISSION TO THE
 STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL A LIST OF ALL DIRECT AND
 INDIRECT OWNERS OF THE MEMBERSHIP INTERESTS OF  SUCH  LIMITED  LIABILITY
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09857-02-3
              

co-Sponsors

2023-S6691A (ACTIVE) - Details

See Assembly Version of this Bill:
A5693
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Emergency Tenant Protection Act of 1974
Laws Affected:
Amd §12-a, Emerg Ten Prot Act of 1974; amd §26-517, NYC Ad Cd

2023-S6691A (ACTIVE) - Summary

Requires that any limited liability company who files a rent registration statement shall include a list of all members of such limited liability company and each member's ownership interest.

2023-S6691A (ACTIVE) - Sponsor Memo

2023-S6691A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6691--A
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                                May 5, 2023
                                ___________
 
 Introduced  by  Sen.  CLEARE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Housing, Construction  and
   Community  Development  -- committee discharged, bill amended, ordered
   reprinted as amended and recommitted to said committee
 
 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 rent registration statements filed by a limited  liability
   company
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 12-a 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  subdivision  b-1  to  read  as
 follows:
   B-1.  NOTWITHSTANDING ANY OTHER LAW TO THE CONTRARY, WHEN THE OWNER OF
 A HOUSING ACCOMMODATION IS A LIMITED LIABILITY COMPANY AND IS  REGISTER-
 ING  SUCH  HOUSING  ACCOMMODATION PURSUANT TO THIS SECTION, SUCH LIMITED
 LIABILITY COMPANY SHALL BE REQUIRED TO INCLUDE IN ITS SUBMISSION TO  THE
 STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL A LIST OF ALL BENEFICIAL
 OWNERS  OF  SUCH  LIMITED  LIABILITY  COMPANY AND THE PROPORTION OF EACH
 OWNER'S INTEREST IN SUCH LIMITED LIABILITY COMPANY. THE REQUIREMENT  SET
 FORTH BY THIS SECTION SHALL BE IN ADDITION TO THE DATA REQUIRED PURSUANT
 TO SUBDIVISION A OF THIS SECTION.  FOR THE PURPOSES OF THIS SUBDIVISION,
 "BENEFICIAL OWNER" SHALL MEAN AN INDIVIDUAL WHO, DIRECTLY OR INDIRECTLY,
 THROUGH ANY CONTRACT, ARRANGEMENT, UNDERSTANDING, RELATIONSHIP OR OTHER-
 WISE,  OWNS  ANY  EQUITY  INTEREST  OF  AN ENTITY, AND/OR HAS A LEVEL OF
 CONTROL OVER THE FUNDS OR ASSETS OF THE  ENTITY  THAT,  AS  A  PRACTICAL
 MATTER,  ENABLES  THE  INDIVIDUAL,  DIRECTLY  OR INDIRECTLY, TO CONTROL,
 MANAGE OR DIRECT THE ENTITY AND THE USE OF ITS FUNDS AND ASSETS  OR  ANY
 PART THEREOF.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09857-03-3
 S. 6691--A                          2
              

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