Assembly Bill A9736

Signed By Governor
2013-2014 Legislative Session

Amends chapter 208 of the laws of 2010 and extends the provisions of chapter 208 of the laws of 2010 amending the public authorities law relating to the powers of the state of New York mortgage agency

download bill text pdf

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Archive: Last Bill Status - Signed by Governor

  • 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-A9736 (ACTIVE) - Details

See Senate Version of this Bill:
S7146
Law Section:
Public Authorities
Laws Affected:
Amd §2402, Pub Auth L; amd §4, Chap 208 of 2010

2013-A9736 (ACTIVE) - Summary

Relates to the powers of the state of NY mortgage agency and extends the provisions of chapter 208 of the laws of 2010 amending the public authorities law relating to the powers of the state of New York mortgage agency.

2013-A9736 (ACTIVE) - Bill Text download pdf 

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

                                  9736

                          I N  A S S E M B L Y

                              May 20, 2014
                               ___________

Introduced by M. of A. WRIGHT -- (at request of the New York State Homes
  and  Community  Renewal) -- read once and referred to the Committee on
  Housing

AN ACT to amend the public authorities law, in  relation  to  government
  sponsored  enterprises;  and  to amend chapter 208 of the laws of 2010
  amending the public authorities law relating  to  the  powers  of  the
  state  of  New  York  mortgage  agency,  in  relation to extending the
  provisions thereof

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

  Section  1.  Subdivision  17 of section 2402 of the public authorities
law, as amended by chapter 151 of the laws of 2013, is amended  to  read
as follows:
  (17)  "Government  sponsored  enterprises".  Privately owned, publicly
chartered entities, and wholly-owned corporate instrumentalities of  the
United  States  within  the department of housing and urban development,
created pursuant to 12 USC 1717(a)(2)(A), all  created  by  Congress  to
encourage  lending  and  reduce costs primarily in the housing sector of
the economy, AND ANY SUCCESSOR ENTITY OR ENTITIES CREATED BY CONGRESS TO
CONTINUE TO SERVE SAID PURPOSES.
  S 2. Section 4 of chapter 208 of the laws of 2010 amending the  public
authorities law relating to the powers of the state of New York mortgage
agency,  as  amended  by  chapter 327 of the laws of 2012, is amended to
read as follows:
  S 4. This act shall take effect immediately, provided that the  amend-
ments  to  subdivision  5  of section 2402 of the public authorities law
made by section one of this act shall be subject to the  expiration  and
reversion  of  such subdivision pursuant to section 16 of chapter 915 of
the laws of 1982, as amended, when upon  such  date  the  provisions  of
section  two  of  this act shall take effect; further provided that this
act shall expire and be deemed repealed [December  31,  2014]  JULY  23,
2015.
  S  3.  This act shall take effect immediately; provided, however, that
the amendments to subdivision 17 of section 2402 of the public  authori-

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

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