S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4357
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                    March 16, 2015
                                      ___________
       Introduced  by Sen. HAMILTON -- 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    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08467-01-5