Assembly Bill A10210

Signed By Governor
2023-2024 Legislative Session

Extends certain provisions relating to establishing initial rents in respect of certain loans to owners of existing multiple dwellings

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor

  • 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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2023-A10210 (ACTIVE) - Details

See Senate Version of this Bill:
S9413
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §5, Chap 449 of 1986
Versions Introduced in 2021-2022 Legislative Session:
S6604

2023-A10210 (ACTIVE) - Summary

Extends certain provisions relating to establishing initial rents in respect of certain loans to owners of existing multiple dwellings to June 30, 2027.

2023-A10210 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10210
 
                           I N  A S S E M B L Y
 
                               May 13, 2024
                                ___________
 
 Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Alvarez) --
   read once and referred to the Committee on Housing
 
 AN ACT to amend chapter 449 of the laws of 1986,  amending  the  private
   housing  finance law relating to establishing initial rents in respect
   of certain loans to owners of existing multiple dwellings, in relation
   to the effectiveness thereof

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Section 5 of chapter 449 of the laws of 1986, amending the
 private housing finance law relating to establishing  initial  rents  in
 respect  of  certain  loans to owners of existing multiple dwellings, as
 amended by chapter 226 of the laws  of  2021,  is  amended  to  read  as
 follows:
   §  5.  This  act  shall  take  effect  immediately;  provided that the
 provisions of sections one, two and four of this  act  shall  remain  in
 full force and effect until and including June 30, [2024] 2027, provided
 further  that  dwelling units made subject to the rent stabilization law
 of nineteen hundred sixty-nine pursuant to such  sections  of  this  act
 shall continue to remain subject to such law.
   §  2.  This act shall take effect immediately; provided, however, that
 if this act shall have become a law after June 30,  2024,  it  shall  be
 deemed to have been in full force and effect on and after June 30, 2024.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15549-01-4

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