Repeals paragraph 9 of subdivision a of section 26-405 of the administrative code of the city of New York, relating to hearings regarding biennial maximum base rent adjustments

This bill removes a specific requirement from New York City's rent regulations that mandated public hearings on biennial maximum base rent adjustments. By repealing this section of the administrative code, the legislation eliminates the procedural step where rent control boards must hold these specific hearings before approving rent increases. The change directly affects the administrative process for setting rent limits, allowing the city to adjust base rents without convening these particular public meetings. The law takes effect immediately upon signing and alters how rent control decisions are formally reviewed by city officials.