L.L. 1991/026

Enactment date: 4/24/1991

Int. No. 480-A

By Council Members Harrison, Pinkett, Dear, Horwitz, Castaneira-Colon, Maloney, McCaffrey and the Speaker (Council Member Vallone); also Council Members Cerullo III, Ward, Berman, Greitzer, Spigner, Crispino, Leffler, Michels, Eisland, Dryfoos, O'Donovan, Robles, Fields, Fisher, Lisa, Povman, Williams, Wooten, Alter, DeMarco, Eldridge, Friedlander and Rivera

A Local Law to amend the administrative code of the city of New York, in relation to conforming provisions of state and local law on rent increase exemptions for low income elderly persons

Be it enacted by the Council as follows:

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[Consolidated provisions are not included in this Appendix A]

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§ 4. In the event that a dwelling which was subject to a mortgage insured or initially insured pursuant to section 213 of the national housing act, as amended, and such mortgage terminated prior to the date this local law shall have become a law, each "eligible head of the household" of such dwelling as such term is defined in section 26-601 as amended by section one of this local law shall be issued a valid tax abatement certificate as if there had been no lapse in benefit.

§ 5. This local law shall take effect on the same day as the effective date of a chapter of the laws of 1991 amending paragraphs b, d, e, h and i of subdivision 1 and paragraph b of subdivision three of section 467-c of the real property tax law, relating to dwellings which were or continue to be subject to a mortgage insured or initially insured by the federal government pursuant to section 213 of the national housing act, as amended.