Bill 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.

Spectrum: Partisan Bill (Democrat 14-0)

Status: (Introduced - Dead) 2016-03-23 - PRINT NUMBER 2830A [S02830 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Amended	1969-12-31	HTML/Text	Link	View
Introduced	1969-12-31	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for New York S02830

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for New York S02830 currently on file.

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