Assembly Bill A8240

2011-2012 Legislative Session

Relates to the powers of the New York state housing finance agency to an increase in certain bond and note authorizations

download bill text pdf

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Archive: Last Bill Status - In Assembly 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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2011-A8240 (ACTIVE) - Details

Current Committee:
Assembly Housing
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

2011-A8240 (ACTIVE) - Summary

Relates to the powers of the New York state housing finance agency to increase certain bond and note authorizations and extends to July 23, 2013 certain other finance powers of the HFA.

2011-A8240 (ACTIVE) - Bill Text download pdf 

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

                                  8240

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              June 8, 2011
                               ___________

Introduced by M. of A. GIBSON, V. LOPEZ, COOK, WRIGHT, HEASTIE, BENEDET-
  TO, CAMARA, ROSENTHAL, JEFFRIES, CASTRO -- Multi-Sponsored by -- M. of
  A.  BING, ROBINSON -- read once and referred to the Committee on Hous-
  ing

AN ACT to amend the private housing finance  law,  in  relation  to  the
  powers  of the New York state housing finance agency to an increase in
  certain bond and note authorizations; 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 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 thereof

  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 407 of the laws of 2010, 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  [fifteen]  SIXTEEN  billion two

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11030-01-1

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