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Speaker Carl E. Heastie
 
     
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A05692 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
 submitted in accordance with Assembly Rule III, Sec 1(f)




 
BILL NUMBER: A5692
 
SPONSOR: Rosenthal L

 
TITLE OF BILL:
 
An act to amend the emergency tenant protection act of nineteen seven-
ty-four and the administrative code of the city of New York, in relation
to rent registration statements for vacant units
 
 
PURPOSE:
 
This legislation will allow for more timely filing of rent registration
statements.
 
 
SUMMARY OF SPECIFIC PROVISIONS:
 
Section one amends subdivisions e and f of section 12-a of section 4 of
chapter 576 of the laws of 1974, constituting the emergency tenant
protection act of nineteen seventy-four, subdivision e as amended by
chapter 253 of the laws of 1993, and subdivision f as added by chapter
403 of the laws of 1983.
 
Section two establishes the effective date.
 
 
JUSTIFICATION:
 
Rent-stabilized apartments are required to be registered with the New
York State Department of Homes and Community Renewal once per year,
reporting the amount of rent, occupancy status of the unit and other
information as of April 1st of each year. The limited reporting has made
it difficult to gain a full understanding of the vacancy status of these
units and determine how long particular units are being left vacant.
Providing further filing opportunities will allow us to obtain more
comprehensive and up-to-date data.
 
 
LEGISLATIVE HISTORY:
 
New bill.
 
 
FISCAL IMPLICATIONS:
 
To be determined.
 
 
EFFECTIVE DATE:
This act shall take effect immediately
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