Senate Bill S5777

2009-2010 Legislative Session

Relates to loans and grants by the New York city housing development corporation

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development Committee

  • 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-S5777 (ACTIVE) - Details

Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §654, Priv Hous Fin L

2009-S5777 (ACTIVE) - Summary

Relates to the making of loans or grants for the acquisition, construction or rehabilitation of housing accommodations by the NYC housing development corporation.

2009-S5777 (ACTIVE) - Sponsor Memo

2009-S5777 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5777

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              June 4, 2009
                               ___________

Introduced  by  Sen.  ESPADA -- 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 loans
  and grants by the New York city housing development corporation

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section 654 of the private housing finance law is amended
by adding a new subdivision 23-h to read as follows:
  23-H.  TO USE FUNDS PROVIDED BY THE  CITY  OF  NEW  YORK  PURSUANT  TO
SECTION  SIX  HUNDRED SIXTY-ONE OF THIS ARTICLE TO MAKE AND CONTRACT FOR
THE MAKING OF LOANS OR GRANTS FOR THE ACQUISITION, CONSTRUCTION OR REHA-
BILITATION OF HOUSING ACCOMMODATIONS THAT ARE DESCRIBED IN THIS  CHAPTER
OR  IN ARTICLE FIFTEEN OR SIXTEEN OF THE GENERAL MUNICIPAL LAW AS WITHIN
THE AUTHORITY OF A MUNICIPALITY, A MUNICIPALITY HAVING A  POPULATION  OF
ONE  MILLION OR MORE, AN AGENCY, A SUPERVISING AGENCY OR THE CITY OF NEW
YORK.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14203-01-9

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