Repeals provisions of the administrative code of the city of New York relating to the establishment of maximum base rents using the maximum gross building rental formula; repealer

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Repeals provisions of the administrative code of the city of New York relating to the establishment of maximum base rents using the maximum gross building rental formula; repealer

Repeals provisions of the administrative code of the city of New York relating to the establishment of maximum base rents using the maximum gross building rental formula; repealer Repeals provisions relating to the establishment of maximum base rents using the maximum gross building rental formula.

What This Bill Does

• Repeals provisions of the administrative code of the city of New York relating to the establishment of maximum base rents using the maximum gross building rental formula; repealer Repeals provisions relating to the establishment of maximum base rents using the maximum gross building rental formula.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

Repeals provisions of the administrative code of the city of New York relating to the establishment of maximum base rents using the maximum gross building rental formula; repealer
Repeals provisions relating to the establishment of maximum base rents using the maximum gross building rental formula.

Current Bill Text

S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          3208

                               2025-2026 Regular Sessions

                                    I N  S E N A T E

                                    January 24, 2025
                                       ___________

        Introduced by Sens. KAVANAGH, JACKSON -- read twice and ordered printed,
          and  when  printed  to  be  committed  to  the  Committee  on Housing,
          Construction and Community Development

        AN ACT to repeal paragraphs 3 and 4 of subdivision a of  section  26-405
          of  the  administrative  code of the city of New York, relating to the
          establishment of maximum base rents using the maximum  gross  building
          rental formula

          THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section 1. Paragraphs 3 and 4 of subdivision a of  section  26-405  of
     2  the administrative code of the city of New York are REPEALED.
     3    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05701-01-5