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NY A10509
Bill
Status
5/29/2024
Primary Sponsor
Pamela Hunter
Click for details
AI Summary
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Amends the definition of "construction contract" in General Business Law Section 756 to exclude residential projects that include dwelling units required to be affordable at specific income levels pursuant to statute, regulation, restrictive declaration, or regulatory agreement with government entities
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Removes the previous exemption for residential projects of fewer than 75 units receiving federal, state, or municipal financial assistance for households earning an average of 125 percent of HUD area median income
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Applies to construction projects with aggregate costs of $150,000 or more involving construction, reconstruction, alteration, maintenance, moving, or demolition of buildings, structures, or land improvements
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Takes effect immediately upon enactment
Legislative Description
Removes residential dwelling units that must be affordable to residents at a specific income level from the definition of "construction contracts" for the purposes of certain provisions of the General Business Law.
Last Action
referred to labor
5/29/2024