NY S08865 | 2019-2020 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on July 31 2020 - 25% progression
Action: 2020-07-31 - REFERRED TO RULES
Pending: Senate Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Relates to suspending rent payments for certain tenants due to the state of emergency declared by Executive Order No. 202, where they have lost earned income or were forced to close their place of business; requires landlords to accept 20 percent or one-third of contractual rent each month; requires the superintendent of the department of financial services to establish and implement an interim commercial rent relief program to support covered tenants and landlords impacted by the COVID-19 pandemic.

Tracking Information

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Title

Relates to suspending rent payments for certain tenants due to the state of emergency declared by Executive Order No. 202, where they have lost earned income or were forced to close their place of business; requires landlords to accept 20 percent or one-third of contractual rent each month; requires the superintendent of the department of financial services to establish and implement an interim commercial rent relief program to support covered tenants and landlords impacted by the COVID-19 pandemic.

Sponsors


History

DateChamberAction
2020-07-31SenateREFERRED TO RULES

New York State Sources


Bill Comments

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