S T A T E O F N E W Y O R K
I N S E N A T E
March 25, 2014
Introduced by Sen. YOUNG -- read twice and ordered printed, and when
printed to be committed to the Committee on Housing, Construction and
AN ACT to amend chapter 777 of the laws of 1986 amending the private
housing finance law relating to small loans to owners of multiple
dwellings to remove substandard or insanitary conditions, in relation
to the effectiveness thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 6 of chapter 777 of the laws of 1986 amending the
private housing finance law relating to small loans to owners of multi-
ple dwellings to remove substandard or insanitary conditions, as amended
by chapter 137 of the laws of 2010, is amended to read as follows:
S 6. This act shall take effect immediately; provided that the
provisions of sections three, four and five of this act shall remain in
full force and effect until and including June 30,  2018.
S 2. This act shall take effect immediately; provided, however, that
if this act shall have become a law after June 30, 2014, it shall take
effect immediately and shall be deemed to have been in full force and
effect on and after June 30, 2014.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.