Extends provisions of law relating to new owners of buildings for which administrators have been appointed pursuant to article 7-A of the real property actions and proceedings law from June 30, 2024 until June 30, 2027.
STATE OF NEW YORK
________________________________________________________________________
9411
IN SENATE
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 375 of the laws of 1999, amending the real prop-
erty actions and proceedings law relating to new owners of buildings
for which administrators have been appointed pursuant to article 7-A
of such law, 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 375 of the laws of 1999, amending the
2 real property actions and proceedings law relating to new owners of
3 buildings for which administrators have been appointed pursuant to arti-
4 cle 7-A of such law, as amended by chapter 180 of the laws of 2021, is
5 amended to read as follows:
6 § 2. This act shall take effect immediately and shall remain in effect
7 until June 30, [2024] 2027, when upon such date the provisions of this
8 act shall expire and be deemed repealed.
9 § 2. This act shall take effect immediately; provided, however, that
10 if this act shall have become a law after June 30, 2024, this act shall
11 take effect immediately and shall be deemed to have been in full force
12 and effect on and after June 30, 2024.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
S LBD15462-01-4
