senate Bill S151

2013-2014 Legislative Session

Enacts the New York state senior housing opportunities partnership act and establishes a state senior housing opportunities partnership authority

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Archive: Last Bill Status - In Senate Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to aging
Jan 09, 2013 referred to aging

S151 - Details

See Assembly Version of this Bill:
A373
Law Section:
Elder Law
Laws Affected:
Add ยง209-a, Eld L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S319, A39
2009-2010: S2216, A2787

S151 - Summary

Enacts the New York State Senior Housing Opportunities Partnership Act and establishes the New York state senior housing opportunities partnership authority; provides that such authority will finance or collaborate in the financing of senior housing opportunities facility projects.

S151 - Sponsor Memo

S151 - Bill Text download pdf

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

                                   151

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sen.  DIAZ  --  read twice and ordered printed, and when
  printed to be committed to the Committee on Aging

AN ACT to amend the elder law, in relation to establishing the New  York
  state senior housing opportunities partnership act

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

  Section 1. The elder law is amended by adding a new section  209-a  to
read as follows:
  S  209-A.  THE NEW YORK STATE SENIOR HOUSING OPPORTUNITIES PARTNERSHIP
ACT.  1. SHORT TITLE. THIS SECTION SHALL BE KNOWN AND MAY  BE  CITED  AS
THE "NEW YORK STATE SENIOR HOUSING OPPORTUNITIES PARTNERSHIP ACT".
  2. DEFINITIONS. AS USED IN THIS SECTION:
  A.  "AUTHORITY"  MEANS THE NEW YORK STATE SENIOR HOUSING OPPORTUNITIES
PARTNERSHIP AUTHORITY CREATED BY THIS SECTION.
  B. "BANK" MEANS ANY BANKING ORGANIZATION DEFINED BY SECTION TWO OF THE
BANKING LAW THAT HAS A MARKET CAPITALIZATION (DETERMINED BY  MULTIPLYING
THE   NUMBER OF SHARES TIMES THE CURRENT MARKET PRICE), OF LESS THAN TWO
BILLION DOLLARS.
  C. "SENIOR" MEANS A PERSON WHO IS SIXTY YEARS OF AGE OR OLDER  WHO  IS
THE  HEAD  OF  A  HOUSEHOLD. ANY OTHER PROVISION OF ANY OTHER LAW TO THE
CONTRARY NOTWITHSTANDING, INCLUDING ANY PROVISION OF ARTICLE FIFTEEN  OF
THE  EXECUTIVE LAW, IT SHALL NOT BE UNLAWFUL TO RESTRICT RENTAL, SALE OR
LEASE OF A SENIOR HOUSING PROJECT FINANCED IN WHOLE OR IN  PART  BY  THE
AUTHORITY  EXCLUSIVELY  TO  PERSONS  SIXTY YEARS OF AGE OR OLDER AND THE
SPOUSE OF ANY SUCH PERSON.
  D. "SENIOR HOUSING OPPORTUNITIES DEVELOPMENT  CORPORATION"  MEANS  ANY
PERSON,  INDIVIDUAL,  FIRM, PARTNERSHIP, ASSOCIATION, OR OTHER ENTITY OR
COLLABORATION OF ENTITIES ORGANIZED OR EXISTING UNDER THE  LAWS  OF  THE
STATE  OR  ANY  OTHER  STATE,  DOMESTIC OR FOREIGN, EXCLUSIVE OF A STATE
AGENCY, UNDERTAKING THE CONSTRUCTION OF A SENIOR HOUSING FACILITY.

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

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