NY State Senate Bill 2009-S60436

Senate Bill S60436

2009-2010 Legislative Session

Increases the bond and note authorization of the NYS housing finance agency and the effectiveness of the powers of such agency to finance c

download bill text pdf

Archive: Last Bill Status - In Senate Committee Rules Committee

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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jun 28, 2009	referred to rules

2009-S60436 (ACTIVE) - Details

See other versions of this Bill:: S3458 ,; S50008 ,; S65056 ,; A8528 ,
Current Committee:: Senate Rules
Law Section:: Private Housing Finance Law
Laws Affected:: Amd §47, Priv Hous Fin L; amd §6, Chap 514 of 1983; amd §7, Chap 396 of 1984

2009-S60436 (ACTIVE) - Summary

Increases the bond and note authorization of the NYS housing finance agency and the effectiveness of the powers of such agency to finance certain housing.

2009-S60436 (ACTIVE) - Bill Text download pdf

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

                                   436

                      Seventh Extraordinary Session

                            I N  S E N A T E

                              June 28, 2009
                               ___________

Introduced by COMMITTEE ON RULES -- (at request of the Governor) -- 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  an
  increase  in bond and note authorization of the New York state housing
  finance agency; and to amend chapter 514 of the laws of 1983, amending
  the private housing finance law and the real property tax law relating
  to the powers of the New York state housing finance agency to  finance
  certain  multi-family housing; and to amend chapter 396 of the laws of
  1984, amending the private housing finance law and the  real  property
  tax  law  relating to the powers of the New York state housing finance
  agency to finance certain multi-family housing,  in  relation  to  the
  effectiveness of such chapters

  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 151 of the laws of  2008,  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 mental retardation services project
bonds and  community  mental  health  services  and  mental  retardation
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 [thirteen] FOURTEEN billion [seven]

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09037-02-9

S. 436                              2

TWO hundred eighty million dollars, excluding bonds and notes issued  to
refund outstanding bonds and notes.
  S  2.  Section  6  of  chapter  514  of the laws of 1983, amending the
private housing finance law and the real property tax  law  relating  to
the  powers  of  the  New  York  state housing finance agency to finance
certain multi-family housing, as amended by chapter 85 of  the  laws  of
2007, is amended to read as follows:
  S  6.  This act shall take effect immediately and shall remain in full
force and effect until June 30, [2009] 2011 at which time  it  shall  be
repealed.
  S  3.  Section  7  of  chapter  396  of the laws of 1984, amending the
private housing finance law and the real property tax  law  relating  to
the  powers  of  the  New  York  state housing finance agency to finance
certain multi-family housing, as amended by chapter 85 of  the  laws  of
2007, is amended to read as follows:
  S 7. This act shall take effect immediately, except that sections one,
three,  four,  five  and  six of this act shall remain in full force and
effect until June 30, [2009] 2011 at which time such sections  shall  be
repealed.
  S 4. This act shall take effect immediately.

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