Assembly Bill A10345

2023-2024 Legislative Session

Relates to increasing the New York state housing finance agency bonding authority

download bill text pdf

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Current Bill Status Via S9698 - 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

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2023-A10345 (ACTIVE) - Details

See Senate Version of this Bill:
S9698
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §47, Priv Hous Fin L

2023-A10345 (ACTIVE) - Summary

Increases the New York state housing finance agency bonding authority to $34,380,000,000.

2023-A10345 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10345
 
                           I N  A S S E M B L Y
 
                               May 17, 2024
                                ___________
 
 Introduced  by  COMMITTEE  ON RULES -- (at request of M. of A. L. Rosen-
   thal) -- (at request  of  the  New  York  State  Homes  and  Community
   Renewal) -- read once and referred to the Committee on Housing
 
 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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