NY S03190 | 2017-2018 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on January 20 2017 - 25% progression, died in chamber
Action: 2017-02-28 - RECOMMIT, ENACTING CLAUSE STRICKEN
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 20 2017 - 25% progression, died in chamber
Action: 2017-02-28 - RECOMMIT, ENACTING CLAUSE STRICKEN
Text: Latest bill text (Introduced) [HTML]
Summary
Establishes a methodology for determining major capital improvements (MCI) rent surcharges; provides that such MCI shall be calculated as a rent surcharge and shall not become part of the base legal regulated rent by which rent increases are calculated, and requires the amount thereof to be separately designated and billed as such; codifies current practices regarding the annual 6% cap on MCI increases and the methodology for determining MCI surcharges based on the number of rooms; requires that rent surcharges authorized for major capital improvements shall cease when the cost of the improvement has been recovered.
Title
Establishes a methodology for determining major capital improvements (MCI) rent surcharges; provides that such MCI shall be calculated as a rent surcharge and shall not become part of the base legal regulated rent by which rent increases are calculated, and requires the amount thereof to be separately designated and billed as such; codifies current practices regarding the annual 6% cap on MCI increases and the methodology for determining MCI surcharges based on the number of rooms; requires that rent surcharges authorized for major capital improvements shall cease when the cost of the improvement has been recovered.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-02-28 | Senate | RECOMMIT, ENACTING CLAUSE STRICKEN |
| 2017-01-20 | Senate | REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT |
