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NY A00389

Bill

Official Source

Status

Introduced

1/9/2023

Primary Sponsor

Linda Rosenthal

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends the Private Housing Finance Law to impose a four-year moratorium on voluntary dissolution voting by Mitchell-Lama companies after a failed dissolution vote.

  • Allows cities, towns, and villages to enact local laws, ordinances, resolutions, or regulations that are equally or more restrictive than the moratorium requirements.

  • Does not diminish requirements imposed by any other applicable laws regarding such actions.

  • Takes effect 90 days after becoming law.

Legislative Description

Initiates a four year moratorium on privatization voting by Mitchell-Lama building shareholders between failed dissolution votes.

Last Action

referred to housing

1/3/2024

Committee Referrals

Housing1/9/2023

Full Bill Text

No bill text available