A1464-2011 Actions

• Jan 4, 2012: referred to housing
• Jan 10, 2011: referred to housing

A1464-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         1464
 2011-2012 Regular Sessions
 I N  ASSEMBLY
 January 10, 2011
 
 Introduced  by  M. of A. ROSENTHAL, MILLMAN, CLARK, GOTTFRIED, KAVANAGH,
 DINOWITZ, MAYERSOHN,  KELLNER  --  Multi-Sponsored  by  --  M.  of  A.
 BOYLAND,  COLTON,  GLICK,  ROBINSON,  TOWNS,  WRIGHT  -- read once and
 referred to the Committee on Housing
 

AN ACT to amend the administrative code of the  city  of  New  York,  in
 relation  to requiring the rent guidelines board to take other sources
 of income received by landlords from commercial rents and  unregulated
 residential units into account when establishing annual calculations
 

THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM
 BLY, DO ENACT AS FOLLOWS:

 

Section 1. Paragraph 3 of subdivision  b  of  section  26-510  of  the
 administrative  code  of  the city of New York is renumbered paragraph 4
 and a new paragraph 3 is added to read as follows:

 (3) ALL OTHER SOURCES OF  INCOME  FROM  BUILDINGS  CONTAINING  HOUSING
 ACCOMMODATIONS  SUBJECT  TO  THIS  LAW  INCLUDING,  BUT  NOT LIMITED TO,
 COMMERCIAL RENTS AND RENT FROM UNREGULATED RESIDENTIAL  UNITS,  AND  THE
 EXTENT TO WHICH SUCH CHANGES OFFSET CHANGES IN COST,
 

S  2.  This act shall take effect immediately, provided, however, that
 the amendments to section 26-510 of chapter 4 of title 26 of the  admin
 istrative  code  of the city of New York made by section one of this act
 shall expire on the same date as such law expires and shall  not  affect
 the expiration of such law as provided under section 26-520 of such law.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01784-01-1

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