•  Summary 
  •  
  •  Actions 
  •  
  •  Committee Votes 
  •  
  •  Floor Votes 
  •  
  •  Memo 
  •  
  •  Text 
  •  
  •  LFIN 
  •  
  •  Chamber Video/Transcript 

S01734 Summary:

BILL NOS01734
 
SAME ASSAME AS A04724
 
SPONSORKRUEGER
 
COSPNSRBAILEY, HOYLMAN-SIGAL, LIU, RIVERA, SEPULVEDA, SERRANO
 
MLTSPNSR
 
Add §36-b, Priv Hous Fin L
 
Provides that upon sale or other conveyance of a limited-profit housing company project to an entity other than a new limited-profit housing company, reserve and surplus funds must be held in escrow by the new owner and dedicated solely to defraying the costs of major capital improvements; provides that no rental may be increased to cover the cost of a major capital improvement until such reserve and surplus funds have been exhausted.
Go to top