New York A 802: Includes public employment in wage payment provisions

Bill Text

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A00802 Summary:

BILL NOA00802 

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SAME ASNo Same As

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SPONSORRosenthal

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COSPNSR

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MLTSPNSR

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Amd §35, Priv Hous Fin L

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

Go to top A00802 Actions:

BILL NOA00802 

&nbsp

01/08/2025referred to housing

01/07/2026referred to housing

Go to topA00802 Committee&nbspVotes:

Go to topA00802 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA00802 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 802

 2025-2026 Regular Sessions

 IN ASSEMBLY

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by M. of A. ROSENTHAL -- read once and referred to the
 Committee on Housing

 AN ACT to amend the private housing finance law, in relation to initiat-
 ing a four-year moratorium on privatization voting by Mitchell-Lama
 building shareholders

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

 1 Section 1. Section 35 of the private housing finance law is amended by
 2 adding a new subdivision 5 to read as follows:
 3 5. (a) In the event of a failed voluntary dissolution vote by a compa-
 4 ny subject to this article, there shall be a four-year moratorium on
 5 voluntary dissolution voting by such company.
 6 (b) Any city, town or village may enact local laws, ordinances, resol-
 7 utions or regulations not less restrictive than those provided in this
 8 subdivision.
 9 (c) The provisions of this subdivision shall not diminish the require-
 10 ments of any other law which may apply to such action.
 11 § 2. This act shall take effect on the ninetieth day after it shall
 12 have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02530-01-5

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