BILL NO A06824A
SAME AS SAME AS S07965
SPONSOR Weinstein (MS)
COSPNSR Rosenthal, Reilly, Kellner, Gottfried, Dinowitz
MLTSPNSR Boyland, Colton, Cook, Farrell, Galef, Glick, Greene, Hooper, Jaffee,
Lopez V, Millman, Ortiz, Pheffer, Towns, Wright, Zebrowski
Amd S7-103, Gen Ob L
Provides that a landlord depositing security deposits in an interest bearing
account shall be entitled to receive as administration expenses a sum
equivalent to 20 percent of the interest earned by such security money per
annum, but not to exceed one percent per annum of the money so deposited.