Senate Bill S3037

2015-2016 Legislative Session

Requires 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

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Sponsored By

Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-S3037 (ACTIVE) - Details

See Assembly Version of this Bill:
A594
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
New York City Administrative Code
Laws Affected:
Amd ยง26-510, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2009-2010: A5450
2011-2012: S3119, A1464
2013-2014: S1805, A745
2017-2018: A3219
2019-2020: A1392
2021-2022: A3262
2023-2024: A1212

2015-S3037 (ACTIVE) - Summary

Requires 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.

2015-S3037 (ACTIVE) - Sponsor Memo

2015-S3037 (ACTIVE) - Bill Text download pdf

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

                                  3037

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 2, 2015
                               ___________

Introduced by Sen. ESPAILLAT -- 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 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.
                                                           LBD04027-01-5


              

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