The state Senate and Assembly have reached a two-way agreement to extend and expand rent control regulations in New York, Senate Majority Leader Andrea Stewart-Cousins said in a statement.

The package of bills was reviewed by lawmakers on Tuesday afternoon. One source said the bill includes a statewide rent control provision that would allow local governments to opt in for rent regulations, which then be developed by a local rent board.

Rent control regulations, broadly speaking, are only in place for New York City and some suburban communities on Long Island and Westchester County.

“The Senate and Assembly have conferenced a rent protections package and we have reached an agreement,” Stewart-Cousins said. “We are finalizing this legislation and we will be issuing a joint statement with additional details when it is complete.”

The announcement on the agreements comes with enough time for lawmakers to print the bill and allow it to “age” on the desk for three days without a special waiver from Gov. Andrew Cuomo.

The current rent laws expire on Saturday.