When do the new NYC Construction Codes go into effect?

Q: When do the new NYC Construction Codes go into effect?

A: The new NYC Construction Codes are scheduled to go into effect on July 1, 2008. A draft of the Code is available for download at the NYC Department of Buildings Website.

I have attempted to paraphrase below (from Local Law 33 of 2007) the enactment transition details. Please refer to Local Law 33 of 2007 for the exact enactment language.

Any application submitted to the DOB prior to July 1, 2008, or for which an application is submitted to the DOB within a period of 12 months after July 1, 2008, at the option of the owner, may be performed in its entirety in accordance with new NYC Construction Codes, or in accordance with the 1968 building code, provided that the construction work is commenced within 12 months after the date permit issuance and is diligently carried on to completion.

The Commissioner may, for good cause, extend the time period for commencement of the work beyond 12 months. Where the owner elects to perform the work in compliance with the 1968 building code, certain conditions shall apply. Please refer to the Local Law for the conditions.

Optional use of the 1968 Building Code for alteration of existing buildings. At the option of the owner, a permit may be issued after July 1, 2008 authorizing work on existing buildings to be performed in accordance with the 1968 building code, subject to certain conditions. Please refer to the Local Law for the conditions.