Assembly Bill A8506

Signed By Governor
2023-2024 Legislative Session

Relates to rent regulation and tenant protection

download bill text pdf

Sponsored By

Current Bill Status Via S8011 - 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-A8506 (ACTIVE) - Details

See Senate Version of this Bill:
S8011
Law Section:
New York City Administrative Code
Laws Affected:
Amd §26-511, NYC Ad Cd; amd §§10-b & 5, Emerg Ten Prot Act of 1974; amd Part B §§2 & 3, add §2-a, Chap of 2023 (as proposed in S.2980-C & A.6216-B)

2023-A8506 (ACTIVE) - Summary

Establishes the legal regulated rent for the combination of two or more vacant apartments; relates to exemptions from rent stabilization on the basis of substantial rehabilitation; relates to clearly defining the scope of the fraud exception to the pre-HSTPA four-year rule for calculating rents and relates to the effectiveness thereof.

2023-A8506 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8506
 
                           I N  A S S E M B L Y
 
                              January 4, 2024
                                ___________
 
 Introduced  by  M.  of  A. L. ROSENTHAL -- read once and referred to the
   Committee on Housing
 
 AN ACT to amend the administrative code of the city of New York and  the
   emergency  tenant protection act of nineteen seventy-four, in relation
   to establishing the legal regulated rent for the combination of two or
   more vacant apartments; to amend the emergency tenant  protection  act
   of nineteen seventy-four, in relation to exemptions from rent stabili-
   zation  on  the basis of substantial rehabilitation; to define clearly
   the scope of the fraud exception to the pre-HSTPA four-year  rule  for
   calculating  rents;  and  to  amend part B of a chapter of the laws of
   2023 relating to defining clearly the scope of the fraud exception  to
   the  pre-HSTPA  four-year  rule  for calculating rents, as proposed in
   legislative bills numbers S. 2980-C and  A.  6216-B,  in  relation  to
   claims of fraudulent schemes and determination relating thereto and 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. Subparagraph (d)  of  paragraph  15  of  subdivision  c  of
 section  26-511  of  the administrative code of the city of New York, as
 added by part A of a chapter of the laws of 2023 amending  the  adminis-
 trative code of the city of New York and the emergency tenant protection
 act  of  nineteen  seventy-four relating to establishing the legal regu-
 lated rent for the combination of two  or  more  vacant  apartments,  as
 proposed  in  legislative  bills  numbers  S.  2980-C  and A. 6216-B, is
 amended to read as follows:
   (d) where the vacant housing accommodations  are  combined,  modified,
 divided or the dimension of such housing accommodation otherwise altered
 and  these  changes are being made pursuant to a preservation regulatory
 agreement with a federal, state or local governmental agency or  instru-
 mentality,  the  rent stabilized rents charged thereafter shall be based
 on an initial rent set by such agency or instrumentality[, provided such
 initial rent shall not be higher than if the initial rent was calculated
 in accordance with subparagraphs (a), (b), (e)  or  (f)  of  this  para-
 graph].
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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