Bill Text: NY S09411 | 2023-2024 | General Assembly | Introduced

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Bill Title: Extends provisions of law relating to new owners of buildings for which administrators have been appointed pursuant to article 7-A of the real property actions and proceedings law from June 30, 2024 until June 30, 2027.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2024-05-28 - SUBSTITUTED BY A10212A [S09411 Detail]

Download: New_York-2023-S09411-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          9411

                    IN SENATE

                                      May 15, 2024
                                       ___________

        Introduced  by  Sen.  KAVANAGH -- (at request of the NYC H.P.D.) -- read
          twice and ordered printed, and when printed to  be  committed  to  the
          Committee on Housing, Construction and Community Development

        AN ACT to amend chapter 375 of the laws of 1999, amending the real prop-
          erty  actions  and proceedings law relating to new owners of buildings
          for which administrators have been appointed pursuant to  article  7-A
          of such law, in relation to the effectiveness thereof

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Section 2 of chapter 375 of the laws of 1999  amending  the
     2  real  property  actions  and  proceedings  law relating to new owners of
     3  buildings for which administrators have been appointed pursuant to arti-
     4  cle 7-A of such law, as amended by chapter 180 of the laws of  2021,  is
     5  amended to read as follows:
     6    § 2. This act shall take effect immediately and shall remain in effect
     7  until  June  30, [2024] 2027, when upon such date the provisions of this
     8  act shall expire and be deemed repealed.
     9    § 2. This act shall take effect immediately; provided,  however,  that
    10  if  this act shall have become a law after June 30, 2024, this act shall
    11  take effect immediately and shall be deemed to have been in  full  force
    12  and effect on and after June 30, 2024.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15462-01-4