Senate Bill S8150

2015-2016 Legislative Session

Relates to additional information required in annual reports for limited-profit housing companies

download bill text pdf

Sponsored By

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2015-S8150 (ACTIVE) - Details

See Assembly Version of this Bill:
A7973
Current Committee:
Senate Rules
Law Section:
Private Housing Finance Law
Laws Affected:
Amd ยง32-b, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2017-2018: S625, A4775
2019-2020: S6200, A4898

2015-S8150 (ACTIVE) - Summary

Relates to additional information required in annual reports for limited-profit housing companies.

2015-S8150 (ACTIVE) - Sponsor Memo

2015-S8150 (ACTIVE) - Bill Text download pdf

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

                                  8150

                            I N  S E N A T E

                              June 14, 2016
                               ___________

Introduced  by  Sen.  BOYLE  -- 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  addi-
  tional information required in annual reports for limited-profit hous-
  ing companies

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

  Section 1. Section 32-b of the private housing finance law,  as  added
by chapter 216 of the laws of 1978, is amended to read as follows:
  S 32-b. Annual reports. The commissioner shall, on or before the first
day  of July in each year, submit a report to the legislature, THE STATE
COMPTROLLER, AND THE ATTORNEY GENERAL on the implementation  of  article
two  of  this chapter by the commissioner and the supervising agency and
the policy included therein. Such report shall include and not be limit-
ed to rent and carrying charge levels, changes therein, operation of the
state capital grant program and federal subsidy programs, tax  abatement
levels,  total  capital  outlay,  amortization, mortgage interest rates,
income levels served by the housing, surcharge billings and  collections
and  use  of  surcharge  revenues, and vacancy rates.  SUCH REPORT SHALL
ALSO INCLUDE INFORMATION REGARDING ANY  LIMITED-PROFIT  HOUSING  COMPANY
THAT  HAS  VOLUNTARILY DISSOLVED IN THE PRECEDING CALENDAR YEAR, AND ANY
LIMITED-PROFIT HOUSING COMPANY THAT HAS FILED  A  NOTICE  OF  INTENT  TO
DISSOLVE  IN  THE  CURRENT  CALENDAR  YEAR WITH THE COMMISSIONER AND THE
SUPERVISING AGENCY. THIS INFORMATION SHALL INCLUDE, BUT NOT  BE  LIMITED
TO,  THE NAME AND ADDRESS OF THE DEVELOPMENT, THE NUMBER OF UNITS IN THE
DEVELOPMENT, A RANGE OF AMOUNTS OF RENT OFFERED IN THE DEVELOPMENT,  THE
NUMBER  OF  TENANTS  IN THE DEVELOPMENT, THE CURRENT VACANCY RATE IN THE
DEVELOPMENT, INCOME LEVELS SERVED  BY  THE  DEVELOPMENT,  HOW  LONG  THE
LIMITED-PROFIT  HOUSING COMPANY HAS PARTICIPATED IN THE PROGRAM, AND ANY
SALES OR TRANSFERS THAT HAVE OCCURRED SINCE THE  LIMITED-PROFIT  HOUSING
COMPANY  WAS  CREATED.  For  the  purpose  of preparing such report, the
commissioner may request, and shall receive, from  any  municipality  or
supervising agency such data as he deems necessary or desirable and such
municipality  or  supervising  agency  shall  furnish the requested data
within sixty days of such request.
  S 2. This act shall take effect immediately.

              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.