Senate Bill S9453

Signed By Governor
2023-2024 Legislative Session

Extends provisions of law related to buildings that are part of urban development action area projects and are rehabilitated with municipal loans

download bill text pdf

Sponsored By

Current Bill Status Via A10214 - 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-S9453 (ACTIVE) - Details

See Assembly Version of this Bill:
A10214
Law Section:
General Municipal
Laws Affected:
Amd §2, Chap 613 of 1996

2023-S9453 (ACTIVE) - Summary

Extends provisions of law related to buildings that are part of urban development action area projects and are rehabilitated with municipal loans.

2023-S9453 (ACTIVE) - Sponsor Memo

2023-S9453 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9453
 
                             I N  S E N A T E
 
                               May 15, 2024
                                ___________
 
 Introduced  by  Sen.  JACKSON  -- (at request of the NYC H.P.D.) -- read
   twice and ordered printed, and when printed to  be  committed  to  the
   Committee on Cities 1
 
 AN  ACT  to  amend chapter 613 of the laws of 1996, amending the general
   municipal law relating to buildings that are part of urban development
   action area projects and are rehabilitated with  municipal  loans,  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 613 of the laws of 1996, amending  the
 general  municipal  law  relating  to  buildings  that are part of urban
 development action area projects and are  rehabilitated  with  municipal
 loans, as amended by chapter 140 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  with  respect
 to  multiple dwellings rehabilitated with the aid of a loan from a muni-
 cipality, pursuant to subdivision 1 of  section  696-a  of  the  general
 municipal  law as designated by section one of this act, that has closed
 on or prior to such date, after which date it shall expire and be deemed
 repealed except that multiple dwellings that are subject to the emergen-
 cy housing rent control law, the local emergency  housing  rent  control
 act, the emergency tenant protection act of nineteen seventy-four and/or
 any  local  law  enacted  pursuant  thereto pursuant to subdivision 2 of
 section 696-a of the general municipal law as added by  section  one  of
 this  act, shall continue to be subject thereto as provided in or pursu-
 ant to such laws and/or acts.
   § 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.
                                                            LBD15471-01-4

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