Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 11, 2014 |
signed chap.280 |
Aug 01, 2014 |
delivered to governor |
Jun 17, 2014 |
returned to assembly passed senate 3rd reading cal.780 substituted for s7146 |
Jun 17, 2014 |
substituted by a9736 |
May 21, 2014 |
advanced to third reading |
May 20, 2014 |
2nd report cal. |
May 19, 2014 |
1st report cal.780 |
Apr 30, 2014 |
referred to housing, construction and community development |
Senate Bill S7146
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status Via A9736 - 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
2013-S7146 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9736
- Law Section:
- Public Authorities
- Laws Affected:
- Amd §2402, Pub Auth L; amd §4, Chap 208 of 2010
2013-S7146 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7146 TITLE OF BILL: An act to amend the public authorities law, in relation to government sponsored enterprises; and to amend chapter 208 of the laws of 2010 amending the public authorities law relating to the powers of the state of New York mortgage agency, in relation to extending the provisions thereof Purpose of the Bill: This bill would extend to July 23, 2015 legislation defining government sponsored enterprises ("GSE") in connection with the second lien program of the State of New York Mortgage Agency ("SONYMA"). The bill also amends the definition of GSE to include differently chartered entities created by Congress to replace the current GSEs in assuming the purposes currently served by the existing GSEs. Summary of Provisions: Section 1 of the bill would amend the definition of GSE. Section 2 of the bill would extend until July 23, 2015, the present sunset date of December 31, 2014 with regard to the definition of government sponsored enterprises. Section 3 of the bill provides for an immediate effective date.
2013-S7146 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7146 I N S E N A T E April 30, 2014 ___________ Introduced by Sen. YOUNG -- (at request of the New York State Homes and 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 public authorities law, in relation to government sponsored enterprises; and to amend chapter 208 of the laws of 2010 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. Subdivision 17 of section 2402 of the public authorities law, as amended by chapter 151 of the laws of 2013, is amended to read as follows: (17) "Government sponsored enterprises". Privately owned, publicly chartered entities, and wholly-owned corporate instrumentalities of the United States within the department of housing and urban development, created pursuant to 12 USC 1717(a)(2)(A), all created by Congress to encourage lending and reduce costs primarily in the housing sector of the economy, AND ANY SUCCESSOR ENTITY OR ENTITIES CREATED BY CONGRESS TO CONTINUE TO SERVE SAID PURPOSES. S 2. 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, as amended by chapter 327 of the laws of 2012, 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] JULY 23, 2015. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13818-02-4
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