Senate Bill S7865

2013-2014 Legislative Session

Creates the New York City department of housing preservation and development homeowners improvement trust fund and the HPD homeowner standard warranty

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-S7865 (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Private Housing Finance Law
Laws Affected:
Add Art 28 §§1233 - 1238, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2015-2016: S3153
2017-2018: S3373
2019-2020: S1469

2013-S7865 (ACTIVE) - Summary

Creates the New York City department of housing preservation and development homeowners improvement trust fund and the HPD homeowner standard warranty.

2013-S7865 (ACTIVE) - Sponsor Memo

2013-S7865 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7865

                            I N  S E N A T E

                              June 16, 2014
                               ___________

Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to amend the private housing finance law, in relation to creating
  the New York City department of housing preservation  and  development
  homeowners  improvement  trust  fund  and  the  HPD homeowner standard
  warranty

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

  Section  1. The private housing finance law is amended by adding a new
article 28 to read as follows:
                             ARTICLE XXVIII
          NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND
              DEVELOPMENT HOMEOWNERS IMPROVEMENT TRUST FUND
SECTION 1233. DEFINITIONS.
        1234. NEW YORK  CITY  DEPARTMENT  OF  HOUSING  PRESERVATION  AND
                DEVELOPMENT HOMEOWNERS IMPROVEMENT TRUST FUND.
        1235. WRITTEN WARRANTY; CONTENTS.
        1236. POWERS OF THE COMMISSIONER.
        1237. RESOLUTION OF DISPUTES REGARDING HPD PROJECTS.
        1238. PENALTIES FOR VIOLATION OF THIS ARTICLE.
  S  1233.  DEFINITIONS.  FOR THE PURPOSES OF THIS ARTICLE THE FOLLOWING
TERMS SHALL HAVE THE FOLLOWING MEANINGS:
  1. "BUSINESS ENTITY" MEANS A  CORPORATION,  ASSOCIATION,  PARTNERSHIP,
LIMITED LIABILITY COMPANY, LIMITED LIABILITY PARTNERSHIP, OR OTHER LEGAL
ENTITY.
  2.  "DELIVERED  CONDITION"  MEANS  THE  PHYSICAL CONDITION OF THE HOME
AFTER DELIVERY AND INSTALLATION AT THE HOME SITE HAS BEEN COMPLETED.
  3. "DEPARTMENT" MEANS THE NEW YORK STATE  COMMUNITY  HOMES  &  RENEWAL
PROGRAM.
  4.  "FUND"  MEANS THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION
AND DEVELOPMENT HOMEOWNERS IMPROVEMENT TRUST FUND  CREATED  PURSUANT  TO
THE PROVISIONS OF SECTION TWELVE HUNDRED THIRTY-FOUR OF THIS ARTICLE.
  5.  "SPONSOR"  MEANS ANY PERSON OR BUSINESS ENTITY, INCLUDING, BUT NOT
LIMITED TO, A  SPONSOR,  DEVELOPER,  MORTGAGOR,  APPLICANT,  OR  GENERAL

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

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