A 5633: Removes residential dwelling units that must be affordable to residents at a specific income level from the definition of "construction contracts" for the purposes of certain provisions of the General Business Law.

  
  STATE OF NEW YORK ________________________________________________________________________ 5633 2025-2026 Regular Sessions  IN ASSEMBLY February 18, 2025 ___________ Introduced by M. of A. HUNTER -- read once and referred to the Committee on Labor AN ACT to amend the general business law, in relation to the definition of construction contracts The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 1 of section 756 of the general business law, 2 as amended by chapter 417 of the laws of 2009, is amended to read as 3 follows: 4 1. "Construction contract" means a written or oral agreement for the 5 construction, reconstruction, alteration, maintenance, moving or demoli- 6 tion of any building, structure or improvement, or relating to the exca- 7 vation of or other development or improvement to land, and where the 8 aggregate cost of the construction project including all labor, 9 services, materials and equipment to be furnished, equals or exceeds one 10 hundred fifty thousand dollars. For the purposes of this article a 11 construction contract shall not include any such contract made and 12 awarded by the state, any public department, any public benefit corpo- 13 ration, any public corporation or official thereof, or a municipal 14 corporation or official thereof for construction, reconstruction, alter- 15 ation, repair, maintenance, moving or demolition of any public works 16 project nor any contract with a contractor or subcontractor which is 17 part of such project; or any such contract the purpose of which is the 18 construction, reconstruction, alteration, repair, maintenance, moving or 19 demolition of an individual one, two or three family residential dwell- 20 ing or a residential tract development of one hundred or less one or two 21 family dwellings, or any residential construction project where the 22 aggregate size of such project is four thousand five hundred square feet 23 or less, or any residential project [of fewer than seventy-five units 24 which receives financial assistance from the federal government, the 25 state or a municipal entity designed for households earning an average EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09474-01-5 
 A. 5633 2 1 of one hundred twenty-five percent of the housing and urban development 2 agency area median income] that includes or will include residential 3 dwelling units that must be affordable to residents at a specific income 4 level pursuant to a statute, regulation, restrictive declaration or 5 pursuant to a regulatory agreement with a federal, state, or local 6 government entity. 7 § 2. This act shall take effect immediately.