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S06971 Summary:

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S06971 Floor Votes:

S06971 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          6971
 
                    IN SENATE
 
                                      March 1, 2010
                                       ___________
 
        Introduced  by  Sen.  ESPADA -- 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 the effectiveness thereof
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 2 of chapter 84 of the laws of 1993,  amending  the
     2  private  housing finance law, relating to establishment of initial rents
     3  in housing accommodations rehabilitated with loans to  housing  develop-
     4  ment  fund  companies, as amended by chapter 132 of the laws of 2006, is
     5  amended to read as follows:
     6    § 2. This act shall take effect immediately and shall remain  in  full
     7  force  and  effect  until and including June 30, [2010] 2014 after which
     8  date it shall expire and be deemed repealed except that  dwelling  units
     9  made  subject  to  the rent stabilization law of nineteen hundred sixty-

    10  nine pursuant to subdivision 2 of section 576-c of the  private  housing
    11  finance  law,  as  added  by  section one of this act, shall continue to
    12  remain subject to such law.
    13    § 2. This act shall take effect immediately; provided,  however,  that
    14  if  this act shall have become a law after June 30, 2010, this act shall
    15  take effect immediately and shall be deemed to have been in  full  force
    16  and effect on and after June 30, 2010.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD16212-01-0