Assembly Bill A373

2013-2014 Legislative Session

Enacts the New York state senior housing opportunities partnership act and establishes a state senior housing opportunities partnership authority

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Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-A373 (ACTIVE) - Details

See Senate Version of this Bill:
S151
Current Committee:
Assembly Aging
Law Section:
Elder Law
Laws Affected:
Add §209-a, Eld L
Versions Introduced in Other Legislative Sessions:
2009-2010: A2787, S2216
2011-2012: A39, S319
2015-2016: S274
2017-2018: S4935, S7391
2019-2020: S5382
2021-2022: S5551
2023-2024: S2429

2013-A373 (ACTIVE) - Summary

Enacts the New York State Senior Housing Opportunities Partnership Act and establishes the New York state senior housing opportunities partnership authority; such authority will finance or collaborate in the financing of senior housing opportunities facility projects.

2013-A373 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   373

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced by M. of A. DINOWITZ, ENGLEBRIGHT, GABRYSZAK, RIVERA, JAFFEE,
  GUNTHER, ABBATE -- Multi-Sponsored by -- M. of A. FINCH, MAISEL, SWEE-
  NEY -- read once and referred to the Committee on Aging

AN  ACT to amend the elder law, in relation to establishing the New York
  state senior housing opportunities partnership act

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The elder law is amended by adding a new section 209-a to
read as follows:
  S 209-A. THE NEW YORK STATE SENIOR HOUSING  OPPORTUNITIES  PARTNERSHIP
ACT.    1.  SHORT TITLE. THIS SECTION SHALL BE KNOWN AND MAY BE CITED AS
THE "NEW YORK STATE SENIOR HOUSING OPPORTUNITIES PARTNERSHIP ACT".
  2. DEFINITIONS. AS USED IN THIS SECTION:
  A. "AUTHORITY" MEANS THE NEW YORK STATE SENIOR  HOUSING  OPPORTUNITIES
PARTNERSHIP AUTHORITY CREATED BY THIS SECTION.
  B. "BANK" MEANS ANY BANKING ORGANIZATION DEFINED BY SECTION TWO OF THE
BANKING  LAW THAT HAS A MARKET CAPITALIZATION (DETERMINED BY MULTIPLYING
THE  NUMBER OF SHARES TIMES THE CURRENT MARKET PRICE), OF LESS THAN  TWO
BILLION DOLLARS.
  C.  "SENIOR"  MEANS A PERSON WHO IS SIXTY YEARS OF AGE OR OLDER WHO IS
THE HEAD OF A HOUSEHOLD. ANY OTHER PROVISION OF ANY  OTHER  LAW  TO  THE
CONTRARY  NOTWITHSTANDING, INCLUDING ANY PROVISION OF ARTICLE FIFTEEN OF
THE EXECUTIVE LAW, IT SHALL NOT BE UNLAWFUL TO RESTRICT RENTAL, SALE  OR
LEASE  OF  A  SENIOR HOUSING PROJECT FINANCED IN WHOLE OR IN PART BY THE
AUTHORITY EXCLUSIVELY TO PERSONS SIXTY YEARS OF AGE  OR  OLDER  AND  THE
SPOUSE OF ANY SUCH PERSON.
  D.  "SENIOR  HOUSING  OPPORTUNITIES DEVELOPMENT CORPORATION" MEANS ANY
PERSON, INDIVIDUAL, FIRM, PARTNERSHIP, ASSOCIATION, OR OTHER  ENTITY  OR
COLLABORATION  OF  ENTITIES  ORGANIZED OR EXISTING UNDER THE LAWS OF THE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01015-01-3
              

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