senate Bill S6838

2019-2020 Legislative Session

Relates to the eligibility of active volunteer firefighters and volunteer ambulance workers for the state of New York mortgage agency low interest rate program

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Local Government 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, 2020 referred to local government
Nov 08, 2019 referred to rules

S6838 (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Add §457-a, RPT L

S6838 (ACTIVE) - Summary

Provides that active volunteer firefighters and volunteer ambulance workers shall qualify for the low interest rate program regardless of income eligibility limits.

S6838 (ACTIVE) - Sponsor Memo

S6838 (ACTIVE) - Bill Text download pdf


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

                                  6838

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            November 8, 2019
                               ___________

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

AN ACT to amend the real property tax law, in relation to the  eligibil-
  ity  of  active volunteer firefighters and volunteer ambulance workers
  for the state of New York mortgage agency low interest rate program

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

  Section  1.  The  real  property  tax  law  is amended by adding a new
section 457-a to read as follows:
  § 457-A. ELIGIBILITY FOR THE LOW INTEREST RATE PROGRAM.    INDIVIDUALS
WHO ARE EITHER AN ACTIVE VOLUNTEER FIREFIGHTER AS DEFINED IN SUBDIVISION
ONE  OF  SECTION  TWO  HUNDRED FIFTEEN OF THE GENERAL MUNICIPAL LAW OR A
VOLUNTEER AMBULANCE WORKER AS DEFINED IN SUBDIVISION FOURTEEN OF SECTION
TWO HUNDRED NINETEEN-K OF THE GENERAL MUNICIPAL LAW, AND WHO HAVE SERVED
AS SUCH FOR AT LEAST TWELVE CONSECUTIVE MONTHS,  SHALL  BE  ELIGIBLE  TO
PARTICIPATE  IN  THE STATE OF NEW YORK MORTGAGE AGENCY LOW INTEREST RATE
PROGRAM REGARDLESS OF INCOME LIMITS DEFINED BY THE  STATE  OF  NEW  YORK
MORTGAGE  AGENCY  LOW  INTEREST  RATE PROGRAM. SUCH ELIGIBILITY SHALL BE
LIMITED TO THE PURCHASE OF RESIDENTIAL PROPERTY WHICH SHALL BE OWNER-OC-
CUPIED. FOR ELIGIBLE INDIVIDUALS, THE  INTEREST  RATE  FOR  THIRTY  YEAR
MORTGAGES  SHALL  BE  THE  STANDARD  INTEREST  RATE OFFERED TO ALL OTHER
PARTICIPANTS IN SUCH LOW INTEREST RATE PROGRAM.
  THE COMMISSIONER OF THE DIVISION  OF  HOUSING  AND  COMMUNITY  RENEWAL
SHALL  PROMULGATE SUCH RULES AND REGULATIONS AS MAY BE NECESSARY FOR THE
ADMINISTRATION OF THIS SECTION.
  § 2. This act shall take effect on the thirtieth day  after  it  shall
have  become  a  law.    Effective  immediately, the addition, amendment
and/or repeal of any rule or regulation necessary for the implementation
of this act on  its  effective  date  are  authorized  to  be  made  and
completed on or before such effective date.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13775-01-9

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