Bill Commons

NY S 2002

in committee

Provides that upon sale of a limited-profit housing company project, reserve and surplus funds must be held in escrow and dedicated to major capital improvements

New York · 2025-2026 Regular Session · upper

Quick answers

Did NY S 2002 pass?

Not yet. NY S 2002 is in committee as of 2026-01-07 and has not come to a final vote. Latest recorded action (2026-01-07): REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

What is NY S 2002 about?

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.

Who sponsors NY S 2002?

Liz Krueger is the primary sponsor of NY S 2002, joined by 6 cosponsors.

Description

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.

Introduced
—
Latest action
2026-01-07 — REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
Bill type
bill
Last updated
—

Sponsors

  • Liz Kruegerprimary
  • Jamaal Baileycosponsor
  • Brad Hoylman-Sigalcosponsor
  • John Liucosponsor
  • Gustavo Riveracosponsor
  • Luis R. Sepúlvedacosponsor
  • José M. Serranocosponsor

Committees

Not provided by source.

Action timeline

  1. 2025-01-14

    REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

    referral-committee

  2. 2026-01-07

    REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

    referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

  • Prior session: S 2870not in this corpus
  • Prior session: S 3167not in this corpus
  • Prior session: S 444not in this corpus
  • Prior session: S 3850not in this corpus
  • Prior session: S 3406not in this corpus
  • Prior session: S 3181not in this corpus
  • Prior session: S 3363not in this corpus
  • Prior session: S 1337not in this corpus
  • Prior session: S 1734not in this corpus
  • Companion bill: A 1787

Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/S2002?summary=&detail=

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z

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Use this data

Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=NY&identifier=S 2002. See the API docs or the MCP server for AI assistants.

Known limitations

  • Sponsor party and chamber affiliation are not yet captured by this API.
  • Committee referrals are not yet captured.

See the methodology page for data sources and limitations.