Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to housing |
Apr 23, 2021 |
print number 5420a |
Apr 23, 2021 |
amend and recommit to housing |
Feb 16, 2021 |
referred to housing |
Assembly Bill A5420A
2021-2022 Legislative Session
Sponsored By
ROSENTHAL L
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
Bill Amendments
2021-A5420 - Details
- See Senate Version of this Bill:
- S6324
- Current Committee:
- Assembly Housing
- Law Section:
- Housing
2021-A5420 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5420 2021-2022 Regular Sessions I N A S S E M B L Y February 16, 2021 ___________ Introduced by M. of A. L. ROSENTHAL -- read once and referred to the Committee on Housing AN ACT in relation to prohibiting certain limited-profit housing compa- nies from voluntarily dissolving during the state disaster emergency declared in response to the outbreak of COVID-19 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. 1. Notwithstanding any provision of law to the contrary, no company or urban rental company, as such terms are defined in section 12 of the private housing finance law, shall be dissolved pursuant to the provisions of section 35 of such law or shall undergo semi-privati- zation pursuant to 28 RCNY 3-14(i)(15), or shall initiate any actions or proceedings related to dissolution or semi-privatization, including but not limited to, conducting a vote to authorize a feasibility study; submitting a preliminary offering plan to the attorney general for approval; distributing a preliminary offering plan to shareholders; distributing a final offering plan or proxy statement to shareholders; submitting a notice of intent to dissolve to the commissioner of housing or supervising agency; committing, promising, or expending funds in any way for the purposes of dissolution or semi-privatization; or holding any of the required notice meetings during the state disaster emergency declared pursuant to executive order 202 of 2020 in response to the outbreak of novel coronavirus, COVID-19 and for two years following the conclusion of such state disaster emergency. 2. As used in this act, the term "semi-privatization" means dissolving as a mutual housing company and transferring the property to a housing development fund company organized pursuant to article XI of the private housing finance law. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07630-01-1
2021-A5420A (ACTIVE) - Details
- See Senate Version of this Bill:
- S6324
- Current Committee:
- Assembly Housing
- Law Section:
- Housing
2021-A5420A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5420--A 2021-2022 Regular Sessions I N A S S E M B L Y February 16, 2021 ___________ Introduced by M. of A. L. ROSENTHAL -- read once and referred to the Committee on Housing -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT in relation to prohibiting certain limited-profit housing compa- nies from voluntarily dissolving during the state disaster emergency declared in response to the outbreak of COVID-19 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. 1. Notwithstanding any provision of law to the contrary, no company or urban rental company, as such terms are defined in section 12 of the private housing finance law, shall be dissolved pursuant to the provisions of section 35 of such law or shall undergo semi-privati- zation pursuant to 28 RCNY 3-14(i)(15), or shall initiate any actions or proceedings related to dissolution or semi-privatization, including but not limited to, conducting a vote to authorize a feasibility study; submitting a preliminary offering plan to the attorney general for approval; distributing a preliminary offering plan to shareholders; distributing a final offering plan or proxy statement to shareholders; submitting a notice of intent to dissolve to the commissioner of housing or supervising agency; committing, promising, or expending funds in any way for the purposes of dissolution or semi-privatization; or holding any of the required notice meetings during the state disaster emergency declared pursuant to executive order 202 of 2020 in response to the outbreak of novel coronavirus, COVID-19. 2. As used in this act, the term "semi-privatization" means dissolving as a mutual housing company and transferring the property to a housing development fund company organized pursuant to article XI of the private housing finance law. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07630-03-1
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