Bill Title: Provides that upon sale or other conveyance of a limited-profit housing company project to an entity other than a new limited-profit housing company, reserve and surplus funds must be held in escrow by the new owner and dedicated solely to defraying the costs of major capital improvements; further provides that no rental may be increased to cover the cost of a major capital improvement until such reserve and surplus funds have been exhausted.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-01-08 - referred to housing
[A04178 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
Introduced | 2019-02-01 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
No bill amendments currently on file for New York A04178 |
Supplemental Documents
Title | Description | Date | Format | Source | View |
No supplemental documents for New York A04178 currently on file. |
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