Assembly Bill A11238

Signed By Governor
2009-2010 Legislative Session

Increases the bond and note authorization of the New York state housing finance agency

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S7420 - 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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2009-A11238 (ACTIVE) - Details

See Senate Version of this Bill:
S7420
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §47, Priv Hous Fin L

2009-A11238 (ACTIVE) - Summary

Increases the bond and note authorization of the New York State Housing Finance Agency.

2009-A11238 (ACTIVE) - Bill Text download pdf 

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

                                  11238

                          I N  A S S E M B L Y

                              May 25, 2010
                               ___________

Introduced  by  M.  of  A. V. LOPEZ, CYMBROWITZ, GIBSON, HOOPER, JAFFEE,
  MAYERSOHN -- Multi-Sponsored by -- M. of A. COOK, FARRELL,  GOTTFRIED,
  LENTOL,  PHEFFER,  THIELE -- (at request of the New York State Housing
  Finance Agency) -- read once and referred to the Committee on Housing

AN ACT to amend the private housing finance  law,  in  relation  to  the
  powers  of  the New York state housing finance agency with relation to
  an increase in bond and note authorization

  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 176 of the laws of 2009, 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,
hospital and nursing home project bonds and hospital  and  nursing  home
project  notes,  health  facilities  bonds  and health facilities notes,
youth facilities project  bonds  and  youth  facilities  project  notes,
community mental health services and mental retardation services project
bonds  and  community  mental  health  services  and  mental retardation
services project notes, community senior citizens services project notes
or community senior citizens services project bonds and  mental  hygiene
improvement  bonds  and  mental  hygiene improvement notes and bonds and
notes for the housing program for any of its corporate  purposes  in  an
aggregate  principal  amount  exceeding  [fourteen]  FIFTEEN billion two
hundred eighty million dollars, excluding  bonds  and  notes  issued  to
refund outstanding bonds and notes.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15673-01-0

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