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A02498 Summary:

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A02498 Floor Votes:

A02498 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          2498
 
                               2009-2010 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 16, 2009
                                       ___________
 
        Introduced  by M. of A. PRETLOW -- Multi-Sponsored by -- M. of A. BENJA-
          MIN -- read once and referred to the Committee on Housing
 
        AN ACT to amend the emergency tenant protection act of  nineteen  seven-
          ty-four,  in  relation  to  the declaration of housing emergencies for
          rental housing accommodations located in buildings  owned  by  certain

          limited-profit housing companies
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 5 of section 4 of chapter 576 of the laws of  1974,
     2  constituting  the  emergency  tenant protection act of nineteen seventy-
     3  four, is amended by adding a new subdivision c to read as follows:
     4    c. Notwithstanding the provisions of paragraph three or five of subdi-
     5  vision a of this section but subject to any other applicable  exceptions
     6  in  such  subdivision, nothing shall prevent the declaration of an emer-
     7  gency pursuant to section three of this act for rental housing  accommo-
     8  dations  located  in buildings which were owned by a company established
     9  under article 2 of the private housing finance law, other than a  mutual

    10  company,  by reason of a voluntary dissolution pursuant to section 35 of
    11  such law. The provision of subdivision a of section  nine  of  this  act
    12  shall  not  apply  to  any housing accommodation which became subject to
    13  this act pursuant to this subdivision.
    14    § 2. This act shall take effect immediately and shall apply to housing
    15  companies that dissolve before, on or after such date; provided,  howev-
    16  er,  that the amendments to the emergency tenant protection act of nine-
    17  teen seventy-four made by this act shall not affect  the  expiration  of
    18  such  act  as provided in section 17 of chapter 576 of the laws of 1974,
    19  as amended and shall be deemed to expire therewith.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.

                                                                   LBD02171-01-9