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A3199Assembly2017-2018 SessionSame asS2338

Pause Privatization Votes Four Years

Official title

“Initiates a four year moratorium on privatization voting by Mitchell-Lama building shareholders”

Sponsor Linda RosenthalAD-67Affects Housing
Status
In Assembly Committee
Housing
Impact
5/10
Moderate
Passage
0%

Bill progress

Step 2 of 7

In committee · Housing

What's happening

This bill imposes a four-year moratorium on Mitchell-Lama building shareholders holding another vote after a failed privatization attempt.

Why it matters

  1. Protects housing stability for residents. By imposing a four-year waiting period after a failed privatization vote, the bill aims to reduce repeated, potentially destabilizing privatization attempts in Mitchell-Lama buildings, giving residents greater security about their housing status.

  2. Limits pressure campaigns and voting fatigue. Frequent votes on privatization can create ongoing pressure and division among residents. This moratorium helps prevent relentless campaigns that can wear down opposition through repeated ballots.

  3. Upholds local control and stronger protections. The bill specifically allows cities, towns, or villages to enact even stricter rules, meaning local governments can provide greater protections if they see fit, rather than being limited to the state standard.

  4. Reinforces existing legal safeguards. By clarifying that the moratorium does not override other applicable laws, the bill ensures that it works alongside, rather than weakening, other legal requirements related to housing and privatization processes.

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Who cares

Headline styles

Pause Privatization Votes Four Years

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Linda Rosenthal

Assembly Member · Assembly District 67

No co-sponsors yet.

History

  1. Referred to housing
  2. Referred to housing

Companion bill

The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.

S2338Senate

Pause Privatization Votes Four Years

In Senate Committee · Housing, Construction And Community Development · Sponsor Marisol Alcantara

Impact 5 · Moderate0% to pass

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

3199

2017-2018 Regular Sessions

IN ASSEMBLY

January 27, 2017

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 initiating a four-year moratorium on privatization voting by Mitchell-Lama building shareholders

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

Section 1. Section 35 of the private housing finance law is amended by adding a new subdivision 5 to read as follows:

5. (a) In the event of a failed voluntary dissolution vote by a company subject to this article, there shall be a four-year moratorium on voluntary dissolution voting by such company.

(b) Any city, town or village may enact local laws, ordinances, resolutions or regulations not less restrictive than those provided in this subdivision.

(c) The provisions of this subdivision shall not diminish the requirements of any other law which may apply to such action.

§ 2. This act shall take effect on the ninetieth day after it shall have become a law.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD05427-01-7

Reflowed for reading: line numbers and page breaks removed. Cite the official text.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.