Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to housing |
May 11, 2023 |
referred to housing |
Assembly Bill A7111
2023-2024 Legislative Session
Sponsored By
TAPIA
Current 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
Actions
co-Sponsors
Jessica Gonzalez-Rojas
2023-A7111 (ACTIVE) - Details
- See Senate Version of this Bill:
- S8521
- Current Committee:
- Assembly Housing
- Law Section:
- Public Authorities Law
- Laws Affected:
- Add §2405-g, Pub Auth L
2023-A7111 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7111 2023-2024 Regular Sessions I N A S S E M B L Y May 11, 2023 ___________ Introduced by M. of A. TAPIA, GONZALEZ-ROJAS -- read once and referred to the Committee on Housing AN ACT to amend the public authorities law, in relation to establishing the "New York student loan assistance and home purchase act" THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "New York student loan assistance and home purchase act". § 2. The public authorities law is amended by adding a new section 2405-g to read as follows: § 2405-G. STUDENT LOAN ASSISTANCE AND HOME PURCHASE PROGRAM. 1. DEFI- NITIONS. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "PROGRAM" MEANS THE STUDENT LOAN ASSISTANCE AND HOME PURCHASE PROGRAM ESTABLISHED PURSUANT TO SUBDIVISION TWO OF THIS SECTION. (B) "STUDENT LOAN" MEANS ANY LOAN TO A BORROWER TO FINANCE POST-SECON- DARY EDUCATION OR EXPENSES RELATED TO POST-SECONDARY EDUCATION. FOR THE PURPOSES OF THIS SECTION, THE TERM "STUDENT LOAN" SHALL NOT BE LIMITED TO LOANS, AS SUCH TERM IS DEFINED BY SUBDIVISION TEN OF SECTION TWENTY- FOUR HUNDRED TWO OF THIS PART. 2. PROGRAM ESTABLISHED. THE AGENCY SHALL ESTABLISH A "STUDENT LOAN ASSISTANCE AND HOME PURCHASE PROGRAM", TO BE ADMINISTERED BY THE AGENCY, FOR THE PURPOSES OF FACILITATING THE PURCHASE OF HOMES BY INDIVIDUALS WHO ARE BURDENED BY STUDENT DEBT, BY PROVIDING FINANCING OPPORTUNITIES PURSUANT TO SUBDIVISION THREE OF THIS SECTION. THE CHAIR OF THE AGENCY SHALL APPOINT A DIRECTOR OF THE PROGRAM TO OVERSEE THE IMPLEMENTATION OF THE PROGRAM. 3. STUDENT LOAN ASSISTANCE AND HOME PURCHASE PROGRAM; IMPLEMENTATION. (A) THE PROGRAM SHALL ASSIST INDIVIDUALS WHO APPLY AND ARE ACCEPTED TO THE PROGRAM PURSUANT TO PARAGRAPH (B) OF THIS SUBDIVISION, BY CONSOL- IDATING ALL OR A PORTION OF SUCH INDIVIDUALS' STUDENT LOANS INTO SUCH EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10949-01-3
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