Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 04, 2024 |
ordered to third reading rules cal.380 substituted for a10345 |
Jun 03, 2024 |
referred to ways and means delivered to assembly passed senate ordered to third reading cal.1674 committee discharged and committed to rules |
May 22, 2024 |
referred to housing, construction and community development |
Senate Bill S9698
2023-2024 Legislative Session
Sponsored By
(D) 27th Senate District
Current Bill Status - On Floor Calendar
- 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
Actions
Votes
2023-S9698 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10345
- Law Section:
- Private Housing Finance Law
- Laws Affected:
- Amd §47, Priv Hous Fin L
2023-S9698 (ACTIVE) - Sponsor Memo
BILL NUMBER: S9698 SPONSOR: KAVANAGH TITLE OF BILL: An act to amend the private housing finance law, in relation to increas- ing the New York state housing finance agency bonding authority PURPOSE OF THE BILL: The bill would increase the bonding authority of the New York State Housing Finance Agency ("HFA") by $3.1 billion. SUMMARY OF PROVISIONS: Section 1 of the bill increases HFA's bonding authority by $3.1 billion to a maximum aggregate of $34.38 billion. Section 2 of the bill provides for an immediate effective date. JUSTIFICATION:
2023-S9698 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9698 I N S E N A T E May 22, 2024 ___________ Introduced by Sen. KAVANAGH -- (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 Housing, Construction and Community Development AN ACT to amend the private housing finance law, in relation to increas- ing the New York state housing finance agency bonding authority THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (c) of subdivision 1 of section 47 of the private housing finance law, as amended by chapter 479 of the laws of 2022, is amended to read as follows: (c) The agency shall not issue bonds and notes other than state university construction bonds and state university construction notes, hospital and nursing home project bonds and hospital and nursing home project notes, health facilities bonds and health facilities notes, youth facilities project bonds and youth facilities project notes, community mental health services and developmental disabilities services project bonds and community mental health services and developmental disabilities services project notes, community senior citizens services project notes or community senior citizens services project bonds and mental hygiene improvement bonds and mental hygiene improvement notes and bonds and notes for the housing program for any of its corporate purposes in an aggregate principal amount exceeding [thirty-one] THIR- TY-FOUR billion [two] THREE hundred eighty million dollars, excluding bonds and notes issued to refund outstanding bonds and notes. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14307-01-4
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