The ruling coalition parties call for banning resale of treasury stocks until April 1, 2002 in a bill drafted Friday for introducing a stock system that decontrols
companies' buybacks of own shares, party officials said.
With a series of targeted decontrols for computers, chips, and encryption software, Clinton's Commerce Department unleashed the U.
Over the past seven years, the Commerce Department has promulgated four additional computer decontrols as well as a deregulation of data encryption products.
Although some prominent owners in the real estate industry have been able to take advantage of luxury decontrols
and obtain rents that support their apartment buildings, many of the Community Housing Improvement Program (CHIP) members have been unable to obtain this relief.
Lackman said Senator Bruno is troubled that the bill goes beyond the status quo with respect to rent stabilization vis a vis the luxury decontrols
already in place and asked the industry to take another look at the bill.
Just a day after Governor George Pataki reiterated his campaign and recent comments about instituting vacancy decontrols
, Mayor Rudolph Giuliani reiterated his concern about senior citizens being harassed so that owners could obtain their apartments.
Unfortunately, the recently enacted luxury decontrols
do not benefit most CHIP owners, who often cannot collect current rent guidelines increases because rents are already above the market in areas outside the center of Manhattan.
The new measure decontrols
upon vacancy those units that rent for $2,000 or more on or after April 1, 1994.
co-ops and condosin Rockland, Westchester and Nassau upon vacancy
The bills each address one issue: (1) decontrol
rental units when vacant, (2) establishes income restrictions of $75,000 to qualify for rent regulation protection; (3) decontrols
units in multiple dwellings of 20 units or less; (4) establishes minimum base rent in multiple dwellings of 20 units or less based on RGB findings; and (5) decontrols
units with rents of $750 or more.
Claiming he would consider luxury decontrols
for rental housing, City Council Finance Committee Chairman Herb Berman gave some hope to cash-strapped owners.
In a great victory for the city's rental property owners, Mayor Rudolf Giuliani will be signing the new luxury decontrol
measures passed by the City Council last week.