Bill Text: NY A01392 | 2019-2020 | General Assembly | Introduced


Bill Title: Requires the rent guidelines board to take other sources of income received by landlords from commercial rents and unregulated residential units into account when establishing annual calculations.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced) 2019-01-15 - referred to housing [A01392 Detail]

Download: New_York-2019-A01392-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          1392
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 15, 2019
                                       ___________
        Introduced  by M. of A. L. ROSENTHAL, GOTTFRIED, DINOWITZ -- Multi-Spon-
          sored by -- M.  of A. COLTON, GLICK -- read once and referred  to  the
          Committee on Housing
        AN  ACT  to  amend  the  administrative code of the city of New York, in
          relation to requiring the rent guidelines board to take other  sources
          of  income received by landlords from commercial rents and unregulated
          residential units into account when establishing annual calculations
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Paragraph  3  of  subdivision  b of section 26-510 of the
     2  administrative code of the city of New York is  renumbered  paragraph  4
     3  and a new paragraph 3 is added to read as follows:
     4    (3)  all  other  sources  of  income from buildings containing housing
     5  accommodations subject to  this  law  including,  but  not  limited  to,
     6  commercial  rents  and  rent from unregulated residential units, and the
     7  extent to which such changes offset changes in cost,
     8    § 2. This act shall take effect immediately, provided,  however,  that
     9  the  amendments to section 26-510 of chapter 4 of title 26 of the admin-
    10  istrative code of the city of New York made by section one of  this  act
    11  shall  expire  on the same date as such law expires and shall not affect
    12  the expiration of such law as provided under section 26-520 of such law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02577-01-9
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