senate Bill S7185

Signed By Governor
2021-2022 Legislative Session

Relates to the construction of modular and manufactured housing

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Nov 15, 2021 approval memo.44
signed chap.628
Nov 03, 2021 delivered to governor
Jun 09, 2021 returned to senate
passed assembly
ordered to third reading rules cal.623
substituted for a7719
Jun 08, 2021 referred to ways and means
delivered to assembly
passed senate
Jun 07, 2021 ordered to third reading cal.1608
Jun 04, 2021 referred to rules

S7185 (ACTIVE) - Details

See Assembly Version of this Bill:
A7719
Law Section:
Public Authorities Law
Laws Affected:
Amd §§2401, 2402, 2404 & 2405-b, Pub Auth L

S7185 (ACTIVE) - Summary

Relates to the construction of single-family modular and manufactured housing purchased and sited on land owned by banks.

S7185 (ACTIVE) - Sponsor Memo

S7185 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7185
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               June 4, 2021
                                ___________
 
 Introduced  by  Sen.  MAY -- (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 Rules
 
 AN ACT  to  amend  the  public  authorities  law,  in  relation  to  the
   construction of modular and manufactured housing

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 2401 of the public authorities law  is  amended  by
 adding a new undesignated paragraph to read as follows:
   IT  IS  FURTHER  FOUND  AND  DETERMINED  THAT  THERE  IS A SHORTAGE OF
 ADEQUATE FUNDS TO ASSIST IN THE NEW CONSTRUCTION OF MODULAR AND MANUFAC-
 TURED HOUSING.
   § 2. Subdivisions 2, 5, and 12 of section 2402 of the public  authori-
 ties  law,  subdivision 2 as amended by chapter 806 of the laws of 1990,
 subdivision 5 as amended by chapter 151 of the laws of 2013, and  subdi-
 vision  12  as  added by chapter 915 of the laws of 1982, are amended to
 read as follows:
   (2) "Bank". Any bank or trust company, savings bank, savings and  loan
 association,  industrial  bank,  credit  union, national banking associ-
 ation, federal savings and loan association,  federal  savings  bank  or
 federal  credit  union  which  is  located in the state. The term "bank"
 shall also include a New York  state  licensed  mortgage  banker,  or  a
 domestic   not-for-profit  corporation  whose  public  purposes  include
 combatting community deterioration and which is an  exempt  organization
 as  defined  in paragraph (e) of subdivision one of section five hundred
 ninety of the banking law, or an entity exempt from licensing provisions
 in accordance with paragraph (a) of  subdivision  two  of  SUCH  section
 [five hundred ninety of such law], which in any such case is approved as
 a mortgage lender by the Federal National Mortgage Association or by the
 Federal  Home  Loan  Mortgage  Corporation,  OR  DOMESTIC NOT-FOR-PROFIT
 CORPORATIONS THAT ARE CERTIFIED BY THE UNITED STATES DEPARTMENT OF TREA-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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