S T A T E O F N E W Y O R K
I N S E N A T E
May 1, 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-
AN ACT to amend chapter 246 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 5 of chapter 246 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 162 of the laws of 2012, is
amended to read as follows:
S 5. This act shall take effect immediately and shall expire and be
deemed repealed on and after [June 30, 2014] JULY 23, 2015; provided,
however, that the amendments to paragraph (c) of subdivision 8 of
section 2428 of the public authorities law made by section two of this
act shall not affect the expiration of such subdivision and shall be
deemed to expire therewith.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.