NY State Senate Bill 2015-S7827

Senate Bill S7827

2015-2016 Legislative Session

Provides for the appointment of the members of the New York state housing finance agency, the housing trust fund corporation and the affordable housing corporation

download bill text pdf

Archive: Last Bill Status - In Assembly 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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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jun 15, 2016	referred to housing delivered to assembly passed senate
Jun 07, 2016	advanced to third reading
Jun 06, 2016	2nd report cal.
Jun 02, 2016	1st report cal.1359
May 12, 2016	referred to housing, construction and community development

Votes

- Jun 15, 2016 - Floor Vote
  S7827
  
  62
  
  Aye
  
  0
  
  Nay
  
  0
  
  Absent
  
  1
  
  Excused
  
  0
  
  Abstained
  - - Floor Vote: Jun 15, 2016
      
      aye (62)
      
      Addabbo Jr.
      
      Akshar
      
      Amedore
      
      Avella
      
      Bonacic
      
      Boyle
      
      Breslin
      
      Carlucci
      
      Comrie
      
      Croci
      
      DeFrancisco
      
      Dilan
      
      Espaillat
      
      Farley
      
      Felder
      
      Flanagan
      
      Funke
      
      Gallivan
      
      Gianaris
      
      Golden
      
      Griffo
      
      Hamilton
      
      Hannon
      
      Hassell-Thompson
      
      Hoylman-Sigal
      
      Kaminsky
      
      Kennedy
      
      Klein
      
      Krueger
      
      LaValle
      
      Lanza
      
      Larkin
      
      Latimer
      
      Little
      
      Marcellino
      
      Marchione
      
      Martins
      
      Montgomery
      
      Murphy
      
      Nozzolio
      
      O'Mara
      
      Ortt
      
      Panepinto
      
      Parker
      
      Peralta
      
      Perkins
      
      Persaud
      
      Ranzenhofer
      
      Ritchie
      
      Rivera
      
      Robach
      
      Sanders Jr.
      
      Savino
      
      Serino
      
      Serrano
      
      Seward
      
      Squadron
      
      Stavisky
      
      Stewart-Cousins
      
      Valesky
      
      Venditto
      
      Young
      
      excused (1)
      
      Diaz
  Jun 2, 2016 - Housing, Construction And Community Development Committee Vote
  S7827
  
  8
  
  Aye
  
  0
  
  Nay
  
  1
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Housing, Construction And Community Development Committee Vote: Jun 2, 2016
      
      aye (8)
      
      Avella
      
      Bonacic
      
      Boyle
      
      Gallivan
      
      Krueger
      
      Little
      
      Panepinto
      
      Young
      
      aye wr (1)
      
      Espaillat

2015-S7827 (ACTIVE) - Details

See Assembly Version of this Bill:: A10601
Current Committee:: Assembly Housing
Law Section:: Private Housing Finance Law
Laws Affected:: Amd §§43, 45-a & 45-b, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:: 2017-2018: S2254, A5774
2019-2020: S7757, A4129

2015-S7827 (ACTIVE) - Summary

Provides for the appointment of the members of the New York state housing finance agency, the housing trust fund corporation and the affordable housing corporation.

2015-S7827 (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S7827    REVISED MEMO 05/16/2016

 TITLE OF BILL :  An act to amend the private housing finance law, in
relation to the membership of the New York state housing finance
agency, the housing trust fund corporation and the affordable housing
corporation

 PURPOSE :

This bill establishes that the membership of the Housing Finance
agency shall be expanded to include one director appointed by the
temporary president of the senate, and one director appointed by the
speaker of the assembly. Further, it aligns membership of the Housing
Finance Agency with its subsidiary corporations, the Housing Trust
Fund Corporation and the Affordable Housing Corporation.

 SUMMARY OF PROVISIONS :

Section one amends subdivision 1 of Section 43 of the Private Housing
Finance Law to include within the composition of the Housing Finance
Agency, one director appointed by the Temporary President of the
Senate and one director appointed by the Speaker of the Assembly. The
directors appointed by the Temporary President of the Senate and the
Speaker of the Assembly shall serve at the pleasure of the Temporary
President of the Senate and the Speaker of the Assembly respectively.
Any vacancy shall be filled, for the unexpired term, if applicable, in

the same manner as the original appointment.

Section two amends subdivision 3 of section 45-a of the Private
Housing Finance Law to align the board composition of the Housing
Trust Fund Corporation with the Housing Finance Agency.

Section three amends subdivision 3 of section 45-b of the Private
Housing Finance Law to align the board composition of the Affordable
Housing Corporation with the Housing Finance Agency.

 JUSTIFICATION :

The Housing Finance Agency (HFA) is a corporate governmental agency
constituting a public benefit corporation. Its membership consists of
the Commissioner of the Division of Housing and Community Renewal
(DHCR), the Director of the Budget, the Commissioner of Taxation and
Finance and four members appointed by the Governor with the advice and
consent of the Senate.

The Housing Trust Fund Corporation (HTFC) and the Affordable Housing
Corporation (AHC) are both subsidiary corporations of HFA. Currently,
the membership of the HTFC includes the Commissioner of DHCR (who
serves as Chair), the Chair of HFA and one additional member to be
appointed by the Chair of the HTFC. The membership of the Affordable
Housing Corporation, includes members of HFA as may be constituted
from time to time, and the Chair of HFA.

To allow for greater efficiency and administration of the State's
housing resources, this bill would expand membership of the Housing
Finance Agency to provide for Senate and Assembly appointees.
Further, the membership composition of the Housing Trust Fund
Corporation and Affordable Housing Corporation, both subsidiary
corporations of the Housing Finance Agency, would be aligned with that
of the Housing Finance Agency.

 LEGISLATIVE HISTORY :

New bill

 FISCAL IMPLICATIONS :
None

 EFFECTIVE DATE :
This act shall take effect on the first of January next succeeding the
date on which it shall have become law.

2015-S7827 (ACTIVE) - Bill Text download pdf

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

                                  7827

                            I N  S E N A T E

                              May 12, 2016
                               ___________

Introduced  by  Sen.  LITTLE -- 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 the
  membership of the New York state housing finance agency,  the  housing
  trust fund corporation and the affordable housing corporation

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

  Section 1. Subdivision 1 of section 43 of the private housing  finance
law,  as added by chapter 528 of the laws of 1969, is amended to read as
follows:
  1. There is hereby created the "New York state housing  finance  agen-
cy".  The agency shall be a corporate governmental agency constituting a
public benefit corporation. Its membership shall consist of the  commis-
sioner of housing and community renewal, the director of the budget, the
commissioner of taxation and finance, ONE MEMBER APPOINTED BY THE TEMPO-
RARY PRESIDENT OF THE SENATE, ONE MEMBER APPOINTED BY THE SPEAKER OF THE
ASSEMBLY  and  four  members  to  be  appointed by the governor with the
advice and consent of the senate. The members  first  appointed  by  the
governor  shall  serve  for terms ending three, four, five and six years
respectively from January  first  next  succeeding  the  date  of  their
appointment.  Their  successors shall serve for terms of six years each.
Members shall continue  in  office  until  their  successors  have  been
appointed  and qualified.  THE MEMBERS APPOINTED BY THE TEMPORARY PRESI-
DENT OF THE SENATE AND THE SPEAKER OF THE ASSEMBLY SHALL  SERVE  AT  THE
PLEASURE OF THE TEMPORARY PRESIDENT OF THE SENATE AND THE SPEAKER OF THE
ASSEMBLY RESPECTIVELY. In the event of a vacancy occurring in the office
of  any  member  by death, resignation or otherwise, [the governor shall
appoint a successor with the advice and consent of the senate  to  serve
for the balance of the unexpired term] SUCH VACANCY SHALL BE FILLED, FOR
THE  UNEXPIRED  TERM,  IF APPLICABLE, IN THE SAME MANNER AS THE ORIGINAL
APPOINTMENT.  The provisions of section thirty-nine of the public  offi-
cers law shall apply to such members.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15470-01-6

S. 7827                             2

  S 2. Subdivision 3 of section 45-a of the private housing finance law,
as  added  by  chapter  67  of  the  laws of 1985, is amended to read as
follows:
  3. The membership of such subsidiary corporation shall [consist of the
commissioner  of  housing and community renewal, who shall also serve as
its chairperson, the chairman of the agency and one additional member to
be appointed by the chairperson of the housing  trust  fund  corporation
who  shall  serve at the pleasure of such chairperson. The powers of the
corporation shall be vested in and excercised by no less than two of the
members thereof then in office. The corporation may delegate to  one  or
more  of its members, or its officers, agents and employees, such duties
and powers as it may deem proper] BE THE SAME AS IDENTIFIED PURSUANT  TO
SUBDIVISION ONE OF SECTION FORTY-THREE OF THIS ARTICLE.
  S 3. Subdivision 3 of section 45-b of the private housing finance law,
as  added  by  chapter  67  of  the  laws of 1985, is amended to read as
follows:
  3. The membership of such subsidiary corporation shall [consist of the
members of the agency, as may be constituted  from  time  to  time.  The
chairperson of the agency shall serve as chairperson of the corporation.
The  powers  of  the corporation shall be vested in and excercised by no
less than four of the members thereof then in  office.  The  corporation
may  delegate to one or more of its members, or its officers, agents and
employees, such duties and powers as it may deem proper] BE THE SAME  AS
IDENTIFIED  PURSUANT  TO  SUBDIVISION ONE OF SECTION FORTY-THREE OF THIS
ARTICLE.
  S 4. This act shall take effect on the first of January next  succeed-
ing the date on which it shall have become a law.

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