Bill
Bill > A08854
NY A08854
NY A08854Repeals provisions relating to the establishment of maximum base rents using the maximum gross building rental formula.
summary
Introduced
01/18/2024
01/18/2024
In Committee
01/18/2024
01/18/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to repeal paragraphs 3 and 4 of subdivision a of section 26-405 of the administrative code of the city of New York, relating to the establishment of maximum base rents using the maximum gross building rental formula
AI Summary
This bill repeals paragraphs 3 and 4 of subdivision a of section 26-405 of the Administrative Code of the City of New York, which relate to the establishment of maximum base rents using the maximum gross building rental formula. This change will remove the provisions that previously allowed the city to set maximum base rents for certain residential properties in New York City using this formula.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
referred to housing (on 01/18/2024)
Bill Topics
Community Development and Housing Issues
- ‐ Housing and Community Development for Low and Middle Income Persons
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/A8854 | 01/18/2024 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A08854&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A08854 | 01/18/2024 |
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