Senate Bill S7149

Signed By Governor
2013-2014 Legislative Session

Relates to the powers of the New York state housing finance agency with respect to an increase in bond and note authorization

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A9922 - Signed by Governor


  • 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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2013-S7149 (ACTIVE) - Details

See Assembly Version of this Bill:
A9922
Law Section:
Private Housing Finance Law
Laws Affected:
Amd ยง47, Priv Hous Fin L

2013-S7149 (ACTIVE) - Summary

Relates to the powers of the New York state housing finance agency with respect to an increase in bond and note authorization.

2013-S7149 (ACTIVE) - Sponsor Memo

2013-S7149 (ACTIVE) - Bill Text download pdf

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

                                  7149

                            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-
  ty Development

AN ACT to amend the private housing finance  law,  in  relation  to  the
  powers of the New York state housing finance agency with respect to an
  increase in bond and note authorization

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

  Section 1. Paragraph (c) of subdivision 1 of section 47 of the private
housing finance law, as amended by chapter 419 of the laws of  2012,  is
amended to read as follows:
  (c)  The  agency  shall  not  issue  bonds  and notes other than state
university construction bonds and state university  construction  notes,
hospital  and  nursing  home project bonds and hospital and nursing home
project notes, health facilities  bonds  and  health  facilities  notes,
youth  facilities  project  bonds  and  youth  facilities project notes,
community mental health services and mental retardation services project
bonds and  community  mental  health  services  and  mental  retardation
services project notes, community senior citizens services project notes
or  community  senior citizens services project bonds and mental hygiene
improvement bonds and mental hygiene improvement  notes  and  bonds  and
notes  for  the  housing program for any of its corporate purposes in an
aggregate principal amount exceeding [seventeen] EIGHTEEN billion  [two]
SEVEN  hundred  eighty million dollars, excluding bonds and notes issued
to refund outstanding bonds and notes.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13817-02-4


              

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