Senate Bill S9414

Signed By Governor
2023-2024 Legislative Session

Extend the effectiveness of chapter 84 of the laws of 1993 relating to establishment of initial rents in certain housing accommodations

download bill text pdf

Sponsored By

Current Bill Status Via A10213 - 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-S9414 (ACTIVE) - Details

See Assembly Version of this Bill:
A10213
Law Section:
Housing
Laws Affected:
Amd §2, Chap 84 of 1993

2023-S9414 (ACTIVE) - Summary

Extends provisions relating to establishment of initial rents in housing accommodations rehabilitated with loans to housing development companies.

2023-S9414 (ACTIVE) - Sponsor Memo

2023-S9414 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9414
 
                             I N  S E N A T E
 
                               May 15, 2024
                                ___________
 
 Introduced  by  Sen.  KAVANAGH -- (at request of the NYC H.P.D.) -- read
   twice and ordered printed, and when printed to  be  committed  to  the
   Committee on Housing, Construction and Community Development
 
 AN  ACT  to  amend  chapter 84 of the laws of 1993, amending the private
   housing finance law relating to  establishment  of  initial  rents  in
   housing accommodations rehabilitated with loans to housing development
   companies, in relation to extending the effectiveness thereof
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 2 of chapter 84 of the laws of 1993,  amending  the
 private  housing  finance law relating to establishment of initial rents
 in housing accommodations rehabilitated with loans to  housing  develop-
 ment  companies,  as  amended  by  chapter  177  of the laws of 2021, is
 amended to read as follows:
   § 2. This act shall take effect immediately and shall remain  in  full
 force  and  effect  until and including June 30, [2024] 2027 after which
 date it shall expire and be deemed repealed except that  dwelling  units
 made  subject  to  the rent stabilization law of nineteen hundred sixty-
 nine pursuant to subdivision 2 of section 576-c of the  private  housing
 finance  law,  as  added  by  section one 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.
                                                            LBD15464-01-4

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