Assembly Bill A4129A

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4129--A
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 1, 2019
                                ___________
 
 Introduced  by  M.  of  A.  CYMBROWITZ  -- read once and referred to the
   Committee on Housing -- recommitted to the  Committee  on  Housing  in
   accordance  with Assembly Rule 3, sec. 2 -- committee discharged, bill
   amended, ordered reprinted as amended and recommitted to said  commit-
   tee

 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 [and], ONE MEMBER APPOINTED BY THE
 TEMPORARY PRESIDENT OF THE SENATE,  AND  ONE  MEMBER  APPOINTED  BY  THE
 SPEAKER  OF THE ASSEMBLY. IN ADDITION, THERE SHALL BE 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 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. 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

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

                                                            LBD08258-02-0

 A. 4129--A                          2

 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 officers law shall apply to such members.
   § 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.
   § 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.
   §  4. This act shall take effect on the first of January next succeed-
 ing the date on which it shall have become a law.