Senate Bill S7420

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

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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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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) - Summary

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

2009-S7420 (ACTIVE) - Sponsor Memo

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

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