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Bill > S05680


NY S05680

NY S05680
Relates to the amount of time to submit supporting documentation for major capital improvements; sets such time at one hundred and twenty days.


summary

Introduced
05/10/2019
In Committee
01/08/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

2019-2020 General Assembly

Bill Summary

AN ACT to amend the administrative code of the city of New York, the emergency tenant protection act of nineteen seventy-four and the emergency housing rent control law, in relation to the amount of time to submit supporting documentation for major capital improvements The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1

AI Summary

This bill amends the Administrative Code of the City of New York, the Emergency Tenant Protection Act of 1974, and the Emergency Housing Rent Control Law to set a 120-day time limit for landlords or property owners to submit all necessary documentation when applying for a rent increase due to major capital improvements. The bill aims to provide a clear deadline for submitting such applications, which can involve complex financial information and documentation. The amendments in this bill will remain in effect as long as the respective rent control and stabilization laws are in place.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT (on 01/08/2020)

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