•  Summary 
  •  Actions 
  •  Votes 
  •  Memo 
  •  Text 

A01712 Summary:

BILL NO    A01712 

SAME AS S02870

SPONSOR    Wright



Add S36-b, Priv Hous Fin L

Provides that upon sale or other conveyance of a limited-profit housing company
project to an entity other than a new limited-profit housing company, reserve
and surplus funds must be held in escrow by the new owner and dedicated solely
to defraying the costs of major capital improvements; further provides that no
rental may be increased to cover the cost of a major capital improvement until
such reserve and surplus funds have been exhausted.
Go to top
Page display time = 0.0795 sec