Bill Text: NY A09363 | 2013-2014 | General Assembly | Introduced

New York Assembly Bill 9363 (Prior Session Legislation)

Introduced

Bill Title: Extends provisions of chapter 84 of the laws of 1993, relating to the establishment of initial rents in housing accommodations rehabilitated with loans to housing development companies.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2014-06-30 - signed chap.64 [A09363 Detail]

Download: New_York-2013-A09363-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         9363
                                 I N  A S S E M B L Y
                                    April 22, 2014
                                      ___________
       Introduced by M. of A. MOSLEY -- read once and referred to the Committee
         on Housing
       AN  ACT  to  amend  chapter 84 of the laws of 1993, amending the private
         housing finance law relating to  establishment  of  initial  rents  in
         housing accommodations rehabilitated with loans to housing development
         companies, in relation to the effectiveness thereof
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 2 of chapter 84 of the laws of 1993,  amending  the
    2  private  housing finance law, relating to establishment of initial rents
    3  in housing accommodations rehabilitated with loans to  housing  develop-
    4  ment  companies,  as  amended  by  chapter  143  of the laws of 2010, is
    5  amended to read as follows:
    6    S 2. This act shall take effect immediately and shall remain  in  full
    7  force  and  effect  until and including June 30, [2014] 2018 after which
    8  date it shall expire and be deemed repealed except that  dwelling  units
    9  made  subject  to  the rent stabilization law of nineteen hundred sixty-
   10  nine pursuant to subdivision 2 of section 576-c of the  private  housing
   11  finance  law,  as  added  by  section one of this act, shall continue to
   12  remain subject to such law.
   13    S 2. This act shall take effect immediately, except that if  this  act
   14  shall  have  become a law after June 30, 2014 this act shall take effect
   15  immediately and shall be deemed to have been in full force and effect on
   16  and after June 30, 2014.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD14803-01-4