S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5450

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 13, 2009
                               ___________

Introduced  by  M. of A. ROSENTHAL, MILLMAN, CLARK, GOTTFRIED, KAVANAGH,
  DINOWITZ, MAYERSOHN, ESPAILLAT, KELLNER -- Multi-Sponsored by -- M. of
  A. BOYLAND, COLTON, GLICK, GREENE, ROBINSON,  TOWNS,  WRIGHT  --  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 requiring the rent guidelines board to take other  sources
  of  income received by landlords from commercial rents and unregulated
  residential units into account when establishing annual calculations

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Paragraph  3  of  subdivision  b of section 26-510 of the
administrative code of the city of New York is  renumbered  paragraph  4
and a new paragraph 3 is added to read as follows:
  (3)  ALL  OTHER  SOURCES  OF  INCOME FROM BUILDINGS CONTAINING HOUSING
ACCOMMODATIONS SUBJECT TO  THIS  LAW  INCLUDING,  BUT  NOT  LIMITED  TO,
COMMERCIAL  RENTS  AND  RENT FROM UNREGULATED RESIDENTIAL UNITS, AND THE
EXTENT TO WHICH SUCH CHANGES OFFSET CHANGES IN COST,
  S 2. This act shall take effect immediately, provided,  however,  that
the  amendments to section 26-510 of chapter 4 of title 26 of the admin-
istrative code of the city of New York made by section one of  this  act
shall  expire  on the same date as such law expires and shall not affect
the expiration of such law as provided under section 26-520 of such law.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05665-01-9