Bill Text: NY S02623 | 2011-2012 | General Assembly | Introduced

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Bill Title: Authorizes a limited profit housing company aggrieved by a decision regarding the maximum rentals permitted to be charged by such company, made by the commissioner of housing and community renewal or by the supervising agency which sets maximum rentals to be charged, to seek arbitration of such decision.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2011-01-27 - REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT [S02623 Detail]

Download: New_York-2011-S02623-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2623
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                   January 27, 2011
                                      ___________
       Introduced  by  Sen.  KRUGER -- 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 private housing finance law, in relation to provid-
         ing for arbitration with respect to rental increases granted to limit-
         ed-profit housing companies
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 31 of the private housing finance law is amended by
    2  adding a new subdivision 13 to read as follows:
    3    13.  ANY  COMPANY  AGGRIEVED BY A DECISION MADE BY THE COMMISSIONER OR
    4  THE SUPERVISING AGENCY WHICH SETS THE MAXIMUM RENTALS TO BE CHARGED  FOR
    5  ANY  DWELLING OR ACCOMMODATION SUBJECT TO THE PROVISIONS OF THIS ARTICLE
    6  MAY CONTEST SUCH DECISION BEFORE AN IMPARTIAL ARBITRATOR CHOSEN  IN  THE
    7  MANNER  FOR,  AND  UTILIZING  THE  SERVICES OF, THE AMERICAN ARBITRATION
    8  ASSOCIATION, PROVIDED, HOWEVER, THAT ALL COSTS AND EXPENSES RELATING  TO
    9  SUCH  ARBITRATION  PROCEEDING (OTHER THAN THE EXPENSES DIRECTLY INCURRED
   10  BY THE  COMMISSIONER  OR  THE  SUPERVISING  AGENCY  IN  DEFENDING  THEIR
   11  ORIGINAL DECISION BEFORE THE ARBITRATOR) SHALL BE PAID BY THE COMPANY.
   12    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07059-01-1