NY S00897 | 2009-2010 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 21 2009 - 25% progression, died in committee
Action: 2010-01-06 - REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
Pending: Senate Housing, Construction, and Community Development Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Provides that a sinking fund for a limited-profit housing company (Mitchell-Lama) for the retirement of stocks and debentures shall be authorized only when the earnings of such housing company exceed six percent; provides that deposits in such sinking fund shall not be a factor in the determination of rents.

Tracking Information

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Title

Provides that a sinking fund for a limited-profit housing company (Mitchell-Lama) for the retirement of stocks and debentures shall be authorized only when the earnings of such housing company exceed six percent; provides that deposits in such sinking fund shall not be a factor in the determination of rents.

Sponsors


History

DateChamberAction
2010-01-06 REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
2009-01-21 REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

New York State Sources


Bill Comments

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