Senate Bill S2844

Signed By Governor
2009-2010 Legislative Session

Relates to tax exemptions for projects of housing development fund companies

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Archive: Last Bill Status Via A5567 - 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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Bill Amendments

2009-S2844 - Details

2009-S2844 - Summary

Relates to tax exemptions for projects of housing development fund companies.

2009-S2844 - Sponsor Memo

2009-S2844 - Bill Text download pdf

co-Sponsors

2009-S2844A (ACTIVE) - Details

2009-S2844A (ACTIVE) - Summary

Relates to tax exemptions for projects of housing development fund companies.

2009-S2844A (ACTIVE) - Sponsor Memo

2009-S2844A (ACTIVE) - Bill Text download pdf 

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

                                 2844--A
    Cal. No. 97

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              March 4, 2009
                               ___________

Introduced by Sens. ESPADA, DIAZ, DILAN, MONSERRATE, MONTGOMERY, ONORATO
  -- read twice and ordered printed, and when printed to be committed to
  the  Committee  on  Housing, Construction and Community Development --
  reported favorably from said committee  with  amendments  and  ordered
  reprinted  as  amended and when reprinted to be committed to the order
  of first report

AN ACT to amend the private housing finance  law,  in  relation  to  tax
  exemptions for projects of housing development fund companies

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

  Section 1. Subdivision 1 of section 577 of the private housing finance
law is amended by adding a new paragraph (d) to read as follows:
  (D) IN A CITY HAVING A POPULATION OF ONE MILLION OR MORE,  WITHIN  ONE
HUNDRED  TWENTY  DAYS FOLLOWING RECEIPT OF A WRITTEN SUBMISSION FROM THE
SUPERVISING AGENCY REQUESTING A TAX EXEMPTION PURSUANT TO PARAGRAPH  (A)
OF  THIS  SUBDIVISION  FOR THE REAL PROPERTY CONTAINING THE PROJECT OF A
HOUSING DEVELOPMENT FUND  COMPANY,  THE  LOCAL  LEGISLATIVE  BODY  SHALL
APPROVE  OR DISAPPROVE BY RESOLUTION THE REQUESTED TAX EXEMPTION. IF THE
LOCAL LEGISLATIVE BODY FAILS TO TAKE  SUCH  ACTION  WITHIN  ONE  HUNDRED
TWENTY  DAYS  FOLLOWING  RECEIPT  OF  SUCH  WRITTEN SUBMISSION FROM SUCH
SUPERVISING AGENCY, THEN THE TAX EXEMPTION REQUESTED BY THE  SUPERVISING
AGENCY SHALL BE DEEMED APPROVED PURSUANT TO PARAGRAPH (A) OF THIS SUBDI-
VISION.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06153-03-9

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