S T A T E O F N E W Y O R K
I N S E N A T E
April 9, 2012
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 Corporations, Authorities and
AN ACT to amend chapter 208 of the laws of 2010 amending the public
authorities law relating to the powers of the state of New York mort-
gage 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. 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, 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act shall expire and be deemed repealed December 31,  2014.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.