Bill Text: NY S02443 | 2017-2018 | General Assembly | Introduced

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Bill Title: Grants tenants relocation costs from the proceeds of a foreclosure sale.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2018-01-03 - REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT [S02443 Detail]

Download: New_York-2017-S02443-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          2443
                               2017-2018 Regular Sessions
                    IN SENATE
                                    January 13, 2017
                                       ___________
        Introduced by Sens. HAMILTON, PERKINS, PERSAUD -- read twice and ordered
          printed, and when printed to be committed to the Committee on Housing,
          Construction and Community Development
        AN  ACT  to  amend  the  real  property  actions and proceedings law, in
          relation to granting certain tenants the  right  to  relocation  costs
          from the proceeds of a foreclosure sale
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 1354 of the real property actions  and  proceedings
     2  law is amended by adding a new subdivision 2-a to read as follows:
     3    2-a.  The  officer  conducting the sale shall pay out of the proceeds,
     4  the relocation costs, not exceeding one thousand  five  hundred  dollars
     5  per  lessee,  of  any  lessee of an interest in the property sold who is
     6  required to vacate the real property prior to the termination of his  or
     7  her lease.
     8    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00706-01-7