Senate Bill S4032

Signed By Governor
2011-2012 Legislative Session

Extends various chapters relating to the powers of the New York state housing finance agency and the New York state mortgage agency

download bill text pdf

Sponsored By

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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2011-S4032 (ACTIVE) - Details

See Assembly Version of this Bill:
A8249
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §47, Priv Hous Fin L; amd §6, Chap 514 of 1983; amd §7, Chap 396 of 1984; amd §16, Chap 915 of 1982; amd §2407, Pub Auth L; amd §19, Chap 555 of 1989; amd §2, Chap 172 of 2002

2011-S4032 (ACTIVE) - Summary

Extends various chapters relating to the powers of the New York state housing finance agency and the New York state mortgage agency.

2011-S4032 (ACTIVE) - Sponsor Memo

2011-S4032 (ACTIVE) - Bill Text download pdf

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

                                  4032

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             March 15, 2011
                               ___________

Introduced  by  Sen.  YOUNG  -- (at request of the Division of Housing &
  Community Renewal) -- read twice and ordered printed, and when printed
  to be committed to the Committee on Housing, Construction and Communi-
  ty Development

AN ACT to amend the private housing  finance  law,  in  relation  to  an
  increase  in bond and note authorization of the New York state housing
  finance agency; to amend chapter 514 of the laws of 1983, amending the
  private housing finance law and the real property tax law relating  to
  the  powers  of  the  New York state housing finance agency to finance
  certain multi-family housing; to amend chapter  396  of  the  laws  of
  1984,  amending  the private housing finance law and the real property
  tax law relating to the powers of the New York state  housing  finance
  agency  to  finance  certain  multi-family housing, in relation to the
  effectiveness of such chapters; to amend chapter 915 of  the  laws  of
  1982 amending the public authorities law relating to the powers of the
  state  of  New York mortgage agency, in relation to the effective date
  thereof; to amend the public  authorities  law,  in  relation  to  the
  powers  of the state of New York mortgage agency; to amend chapter 555
  of the laws of 1989 amending the public authorities law and other laws
  relating to establishing a New York state infrastructure  trust  fund,
  in relation to the effective date thereof; and to amend chapter 172 of
  the  laws  of 2002 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. Paragraph (c) of subdivision 1 of section 47 of the private
housing finance law, as amended by chapter 407 of the laws of  2010,  is
amended to read as follows:
  (c)  The  agency  shall  not  issue  bonds  and notes other than state
university construction bonds and state university  construction  notes,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09662-02-1
              

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