Bill Text: NY A06276 | 2023-2024 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relates to requirements for a building owner to refuse to renew a lease under the real estate industry stabilization code; requires the owner of a building to be demolished to prove that he or she has the financial ability to complete demolition of the building.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced) 2024-01-03 - ordered to third reading cal.178 [A06276 Detail]

Download: New_York-2023-A06276-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6276

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      April 3, 2023
                                       ___________

        Introduced  by  M.  of  A. L. ROSENTHAL -- read once and referred to the
          Committee on Housing

        AN ACT to amend the administrative code of the  city  of  New  York,  in
          relation  to  requirements  for  a building owner to refuse to renew a
          lease when the building is to be demolished

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. Subparagraph (a) of paragraph 9 of subdivision c of section
     2  26-511  of the administrative code of the city of New York is amended to
     3  read as follows:
     4    (a) where he or she establishes to the satisfaction of the division of
     5  housing and community renewal that he or she: (i) intends in good  faith
     6  to  demolish  the  building [and] and construct a new building; (ii) has
     7  obtained from the department of buildings a permit  [therefor  from  the
     8  department  of buildings] for such demolition project and approved plans
     9  for the new building construction project; and (iii) has  the  financial
    10  ability to complete same; or
    11    § 2. This act shall take effect immediately and shall be applicable to
    12  any  proceeding  currently  pending before the division of  housing  and
    13  community  renewal or to any appeal from any such  proceeding;  provided
    14  that  the amendments to subparagraph (a) of paragraph 9 of subdivision c
    15  of section 26-511 of the administrative code of the  city  of  New  York
    16  made  by  section  one of this act shall expire on the same date as such
    17  section expires and shall not affect the expiration of such  section  as
    18  provided in section 26-520 of such code.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05597-05-3