New York A 5381: Repeals section 37 of chapter 1 of the laws of 2013 relating to the definition of an assault weapon

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A05381 Summary:

BILL NOA05381A

&nbsp

SAME ASNo Same As

&nbsp

SPONSORRosenthal

&nbsp

COSPNSRReyes

&nbsp

MLTSPNSR

&nbsp

Amd §32-a, Priv Hous Fin L

&nbsp

Expands documentation requirements for limited-profit housing companies when providing information to the commissioner of housing of the state of New York and any relevant supervising agency.

Go to top A05381 Actions:

BILL NOA05381A

&nbsp

02/13/2025referred to housing

01/07/2026referred to housing

03/27/2026amend (t) and recommit to housing

03/27/2026print number 5381a

03/31/2026reported referred to ways and means

Go to topA05381 Committee&nbspVotes:

Committee:HOUSING Chair:Rosenthal 
DATE:03/31/2026AYE/NAY:21/5 Action: Favorable refer to committee Ways and Means RosenthalAyeFitzpatrickNay

CookExcusedNovakhovAye

KimAyeBrown K Nay

WalkerAyeBrown EANay

Bichotte HermelAyeBrook-KrasnyAye

DavilaAyeChangAye

EichensteinAyeNorberNay

MeeksAyeMolitorNay

BurdickAye

RiveraAye

JacksonAye

KellesAye

TapiaAye

LucasAye

Chandler-WatermAye

LevenbergAye

DaisAye

TorresExcused

ReyesAye

ZaccaroAye

Go to topA05381 Floor&nbspVotes:

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

Go to topA05381 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5381--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 13, 2025
 ___________

 Introduced by M. of A. ROSENTHAL, REYES -- read once and referred to the
 Committee on Housing -- recommitted to the Committee on Housing in
 accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill
 amended, ordered reprinted as amended and recommitted to said commit-
 tee

 AN ACT to amend the private housing finance law, in relation to annual
 audits of limited-profit housing companies

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

 1 Section 1. Subdivision 3 of section 32-a of the private housing
 2 finance law, as amended by chapter 684 of the laws of 2021, is amended
 3 to read as follows:
 4 3. Require every company to file with [him, her or it] the commission-
 5 er or supervising agency semi-annual or quarterly financial statements
 6 and an annual financial statement. Each annual financial statement shall
 7 be accompanied by a certificate of the company's independent certified
 8 public accountant. Such financial statements shall be filed at the times
 9 and in the manner prescribed by the commissioner or supervising agency
 10 and within fourteen days of such filing, the company shall post such
 11 financial statement on a website available to all shareholders and main-
 12 tained by the board of directors. Such annual financial statement shall
 13 include, but not be limited to, documentation of the following:
 14 (a) records of all service contracts;
 15 (b) invoices and bank statements for all expenses;
 16 (c) any reimbursement claims and petty cash transactions;
 17 (d) reserve funding;
 18 (e) staff salaries and bonus pay, if applicable;
 19 (f) total amount of residential and commercial rent collected per
 20 month;
 21 (g) total number of residents receiving housing benefits, including
 22 but not limited to, the senior citizen rent increase exemption, and

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02516-03-6

 A. 5381--A 2

 1 assistance under section eight of the United States housing act of nine-
 2 teen hundred thirty-seven;
 3 (h) utility bills for the calendar year; and
 4 (i) a list of board members with their addresses, length of service,
 5 including any breaks in such service, and any possible conflicts of
 6 interest of such board members.
 7 § 2. Section 32-a of the private housing finance law is amended by
 8 adding a new subdivision 15 to read as follows:
 9 15. Annually complete an audit of the books of every company incorpo-
 10 rated pursuant to the provisions of this article. Such audit shall exam-
 11 ine the legality, reasonableness or necessity of the expenditures of the
 12 company. Any expenditure disallowed by the commissioner or the supervis-
 13 ing agency on such audits shall not be included in any construction,
 14 management or operating costs in connection with any application to
 15 increase or reduce the rents or carryi