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A00262 Summary:

BILL NO    A00262 

SAME AS S02815

SPONSOR    Weinstein

COSPNSR    Gottfried, Dinowitz, Weprin

MLTSPNSR   Galef, Glick, Jaffee, Ortiz, Perry, Wright

Amd S7-103, Gen Ob L

Provides that a landlord depositing security deposits in an interest bearing
account shall be entitled to receive as administration expenses a sum
equivalent to 20 percent of the interest earned by such security money per
annum, but not to exceed one percent per annum of the money so deposited.
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