Senate Bill S871

Signed By Governor
2021-2022 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

Sponsored By

Archive: Last Bill Status - 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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2021-S871 (ACTIVE) - Details

See Assembly Version of this Bill:
A970
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §§43, 45-a & 45-b, Priv Hous Fin L (as proposed in S.7757-A & A.4129-A)

2021-S871 (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.

2021-S871 (ACTIVE) - Sponsor Memo

2021-S871 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    871
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced  by Sen. KAVANAGH -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 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 7 of section 43 of the private housing finance
 law, as amended by chapter 528 of the laws of 1969, is amended  to  read
 as follows:
   7.  The  powers  of  the agency shall be vested in and exercised by no
 less than [four] SIX of the members thereof then in office.  The  agency
 may  delegate to one or more of its members, or its officers, agents and
 employees, such powers and duties as it may deem proper.
   § 2. Subdivision 3 of section 45-a of the private housing finance law,
 as amended by a chapter of the laws of 2020 amending the private housing
 finance law relating to the membership of the  New  York  state  housing
 finance  agency,  the  housing trust fund corporation and the affordable
 housing corporation, as proposed in legislative bills numbers S.  7757-A
 and A. 4129-A, is amended to read as follows:
   3. The membership of such subsidiary corporation shall [be the same as
 identified  pursuant  to  subdivision one of section forty-three of this
 article] CONSIST OF THE MEMBERS IDENTIFIED PURSUANT TO  SUBDIVISION  ONE
 OF  SECTION  FORTY-THREE OF THIS ARTICLE, AND THE POWERS OF SUCH SUBSID-
 IARY CORPORATION SHALL BE VESTED IN AND EXERCISED BY NO LESS THAN SIX OF
 ITS MEMBERS THEREOF THEN IN OFFICE. THE SUBSIDIARY CORPORATION MAY DELE-
 GATE TO ONE OR MORE OF ITS MEMBERS, OR ITS OFFICERS, AGENTS AND  EMPLOY-
 EES, SUCH POWERS AND DUTIES AS IT MAY DEEM PROPER.
   § 3. Subdivision 3 of section 45-b of the private housing finance law,
 as amended by a chapter of the laws of 2020 amending the private housing
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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