Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 17, 2020 |
referred to small business |
Assembly Bill A10901
2019-2020 Legislative Session
Sponsored By
EPSTEIN
Archive: Last Bill Status - In Assembly 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
Actions
co-Sponsors
Joseph Lentol
Walter T. Mosley
Richard Gottfried
Jo Anne Simon
2019-A10901 (ACTIVE) - Details
2019-A10901 (ACTIVE) - Summary
Relates to suspending rent payments for certain tenants due to the state of emergency declared by Executive Order No. 202, where they have lost earned income or were forced to close their place of business; requires landlords to accept 20 percent or one-third of contractual rent each month; requires the superintendent of the department of financial services to establish and implement an interim commercial rent relief program to support covered tenants and landlords impacted by the COVID-19 pandemic.
2019-A10901 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10901 I N A S S E M B L Y August 17, 2020 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Epstein) -- read once and referred to the Committee on Small Business AN ACT to suspend rent payments for certain tenants in response to the outbreak of coronavirus THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. For the purposes of this act: (a) "actual income" means for a not-for-profit corporation employing twenty-five or less full-time employees or full-time equivalent employ- ees or for a small business incorporated and resident in this state, independently owned and operated, not dominant in its field, and employs twenty-five or less full-time employees or full-time equivalent employ- ees, all revenue, including emergency federal, state or local assist- ance, or any other form of income that may be used to pay rent, but excluding restricted grants; (b) "landlord" means the person or entity to whom a covered tenant owes rent; (c) "rent" means the amount charged in consideration for the use and occupancy of real property pursuant to a written or oral rental agree- ment or statute; (d) "state of emergency" means the state of emergency declared by executive order 202 that began on March 7, 2020 and any further amend- ments or modifications, and as may be further extended pursuant to section 28 of the executive law; (e) "covered tenant" includes a tenant that is a not-for-profit corpo- ration employing twenty-five or less full-time employees or full-time equivalent employees, or a tenant that is a small business incorporated and resident in this state, independently owned and operated, not domi- nant in its field, and employs twenty-five or less full-time employees or full-time equivalent employees; and (f) "covered period" means March 7, 2020 until the date on which none of the provisions that closed or otherwise restricted public or private businesses or places of public accommodation, or required postponement or cancellation of all non-essential gatherings of individuals of any EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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