Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 13, 2010 |
signed chap.407 |
Aug 03, 2010 |
delivered to governor |
Jun 15, 2010 |
returned to senate passed assembly ordered to third reading rules cal.165 substituted for a11238 |
Jun 02, 2010 |
referred to housing delivered to assembly passed senate |
May 24, 2010 |
advanced to third reading |
May 18, 2010 |
2nd report cal. |
May 17, 2010 |
1st report cal.545 |
Apr 08, 2010 |
referred to housing, construction and community development |
Senate Bill S7420
Signed By Governor2009-2010 Legislative Session
Sponsored By
(D) Senate District
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
Actions
Votes
2009-S7420 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A11238
- Law Section:
- Private Housing Finance Law
- Laws Affected:
- Amd §47, Priv Hous Fin L
2009-S7420 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7420 TITLE OF BILL: 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 PURPOSE OF THE BILL: The bill would increase the bonding authority of the New York State Housing Finance Agency ("HFA" or "the Agency") by $1 billion, to a maxi- mum aggregate of $15.280 billion. SUMMARY OF PROVISIONS: Section 1 of the bill would increase HFA's bonding authority of HFA by $1 billion, to a maximum aggregate of $15.280 billion. Section 2 of the bill would provide for an immediate effective date. EXISTING LAW: Current law authorizes HFA to issue bonds and notes for its housing programs for any of its corporate purposes in an aggregate principal amount not to exceed $14.280 billion. LEGISLATIVE HISTORY: Since 2000, similar bills have been enacted on an annual basis to increase HFA's bonding authority and on a biennial basis to extend HFA's
2009-S7420 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7420 I N S E N A T E April 8, 2010 ___________ Introduced by Sen. ESPADA -- (at request of the New York State Housing Finance Agency) -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development 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
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.