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

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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-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         6276--A
                                                                Cal. No. 182

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      April 3, 2023
                                       ___________

        Introduced by M. of A. L. ROSENTHAL, EPSTEIN, BICHOTTE HERMELYN, BURDICK
          -- read once and referred to the Committee on Housing -- reported from
          committee, advanced to a third reading, amended and ordered reprinted,
          retaining its place on the order of third reading

        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; provided that the  amend-
    12  ments  to  subparagraph  (a)  of paragraph 9 of subdivision c of section
    13  26-511 of the administrative code of  the  city  of  New  York  made  by
    14  section  one  of  this act shall expire on the same date as such section
    15  expires and shall not affect the expiration of such section as  provided
    16  in section 26-520 of such code.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05597-07-3