senate Bill S4288

2013-2014 Legislative Session

Creates a veteran's home and land ownership loan program

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Archive: Last Bill Status - In Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to veterans, homeland security and military affairs
Apr 16, 2013 reported and committed to finance
Mar 19, 2013 referred to veterans, homeland security and military affairs

Votes

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Apr 16, 2013 - Veterans, Homeland Security and Military Affairs committee Vote

S4288
12
0
committee
12
Aye
0
Nay
0
Aye with Reservations
1
Absent
0
Excused
0
Abstained
show Veterans, Homeland Security and Military Affairs committee vote details

Veterans, Homeland Security and Military Affairs Committee Vote: Apr 16, 2013

absent (1)

Co-Sponsors

S4288 - Details

See Assembly Version of this Bill:
A338
Current Committee:
Law Section:
Private Housing Finance Law
Laws Affected:
Add Art 19-A ยงยง1115 - 1115-f, Priv Hous Fin L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S2506, A1303
2009-2010: S5131, A4081

S4288 - Summary

Creates a veteran's home and land ownership loan program to provide loans to veterans to purchase homes or unimproved land suitable for building; requires such loans to be secured by a second mortgage.

S4288 - Sponsor Memo

S4288 - Bill Text download pdf

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

                                  4288

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             March 19, 2013
                               ___________

Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
  when printed to be committed to the Committee  on  Veterans,  Homeland
  Security and Military Affairs

AN ACT to amend the private housing finance law, in relation to creating
  a veteran's home and land ownership loan program

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

  Section 1. The private housing finance law is amended by adding a  new
article 19-A to read as follows:
                              ARTICLE XIX-A
                 VETERAN'S HOME AND LAND OWNERSHIP LOAN
SECTION 1115. LEGISLATIVE PURPOSE.
        1115-A. DEFINITIONS.
        1115-B. CREATION OF THE "VETERAN'S HOME AND LAND OWNERSHIP
                  LOAN FUND".
        1115-C. PURPOSE AND TERMS OF LOAN.
        1115-D. LOAN REPAYMENT.
        1115-E. ISSUANCE OF BONDS.
        1115-F. ADOPTION OF REGULATIONS.
  S 1115. LEGISLATIVE PURPOSE. IT IS HEREBY FOUND AND DECLARED THAT MANY
NEW  YORK RESIDENTS HAVE SERVED OUR NATION HONORABLY IN THE ARMED FORCES
OF THE UNITED STATES, AND THAT MANY SUCH  NEW  YORKERS  HAVE  SACRIFICED
CONSIDERABLY  DURING THEIR SERVICE. IT IS IN THE PUBLIC INTEREST BOTH TO
DEMONSTRATE OUR APPRECIATION FOR THAT SERVICE BY PROVIDING STATE  FINAN-
CIAL  ASSISTANCE  TO SUCH VETERANS; IN ORDER TO ENCOURAGE HOME OWNERSHIP
AND THE REHABILITATION OF DETERIORATING HOUSING,  STABILIZE  COMMUNITIES
AND IMPROVE THE LOCAL TAX BASE.
  S 1115-A. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE, THE FOLLOWING
TERMS SHALL HAVE THE FOLLOWING MEANINGS:
  1.  "PERSON" MEANS AN HONORABLY DISCHARGED VETERAN OF THE ARMED FORCES
OF THE UNITED STATES, OR THEIR SURVIVING UNMARRIED SPOUSE.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00230-01-3

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