L.L. 1986/026
Enactment date: 7/8/1986
Int. No. 629
By Council Member DeMarco (by request of the Mayor) (Passed under a message of necessity from the Mayor)
A Local Law to amend the administrative code of the city of New York, in relation to fees charged owners of buildings subject to the emergency tenant protection act of nineteen hundred seventy-four or the rent stabilization law of nineteen hundred sixty-nine
Be it enacted by the Council as follows:
Section one. Legislative findings. In conjunction with the transfer to the state of New York of responsibility for the administration of rent stabilization, the emergency tenant protection act of nineteen hundred seventy-four was amended to require that the city of New York reimburse the state for its expenses incurred. The city of New York is in turn authorized to require by local law that owners of rent stabilized buildings pay a fee annually to the city so that the city may recoup its costs. By local law number ninety-five for the year nineteen hundred eighty-five, an annual fee of ten dollars for each registered unit was imposed on owners of rent stabilized buildings. However, commencing April first, nineteen hundred eighty-five, the date upon which the transfer of administrative responsibility to state became effective, the city has been obligated to reimburse the state at the annual rate of ten dollars for each registered unit. Local law number ninety-five imposed a fee on a prospective basis only. As a result, the city is foregoing reimbursement of nearly ten million dollars and owners of rent stabilized buildings will be benefitting by having one year of administrative costs borne entirely by the city. It is inequitable that one group of property owners benefit in this fashion at the expense of the taxpayers of the city, and the inequity becomes more pronounced in view of impending reduction in aid to the city from the federal government. For the reasons herein set forth the Council finds that it is appropriate that the imposition of the fee set forth in local law ninety-five be made retroactive to April first, nineteen hundred eighty-four.
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[Consolidated provisions are not included in this Appendix A]
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§ 4. This local law shall take effect immediately.