Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 21, 2025 |
referred to housing |
Assembly Bill A2664
2025-2026 Legislative Session
Sponsored By
CUNNINGHAM
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
2025-A2664 (ACTIVE) - Details
- Current Committee:
- Assembly Housing
- Law Section:
- Public Authorities Law
- Laws Affected:
- Add §2405-g, Pub Auth L
- Versions Introduced in 2023-2024 Legislative Session:
-
A7842
2025-A2664 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2664 2025-2026 Regular Sessions I N A S S E M B L Y January 21, 2025 ___________ Introduced by M. of A. CUNNINGHAM -- read once and referred to the Committee on Housing AN ACT to amend the public authorities law, in relation to expanding access to mortgage financing for cooperative properties under the homes for veterans program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The public authorities law is amended by adding a new section 2405-g to read as follows: § 2405-G. SPECIAL PROVISIONS FOR VETERANS. (1) DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "PERSON" SHALL MEAN A VETERAN, OR THEIR SURVIVING UNMARRIED SPOUSE. (B) "VETERAN" SHALL: (I) HAVE THE SAME MEANING AS SET FORTH IN SUBDIVISION THREE OF SECTION ONE OF THE VETERANS' SERVICES LAW; AND (II) INCLUDE MEMBERS OF THE ARMY NATIONAL GUARD, AIR NATIONAL GUARD, AND OTHER RESERVE COMPONENTS OF THE ARMED FORCES OF THE UNITED STATES OR NEW YORK WHO ARE CURRENTLY SERVING ON ACTIVE DUTY OR HAVE BEEN RELEASED FROM SUCH SERVICE UNDER OTHER THAN DISHONORABLE CONDITIONS, AND ALL MILITARY MEMBERS WHO ARE CURRENTLY SERVING ON ACTIVE DUTY IN NEW YORK, REGARDLESS OF SUCH MEMBERS' DISCHARGE STATUS. (2) CONSTRUCTION. (A) THE PROVISIONS OF THIS SECTION SHALL APPLY TO ANY MORTGAGE PURCHASED BY THE AGENCY PURSUANT TO SECTION TWENTY-FOUR HUNDRED FIVE OF THIS PART UNDER THE HOMES FOR VETERANS PROGRAM. (B) NO CONTRACT OR AGREEMENT FOR THE PROVISION OF LOAN OR MORTGAGE LOAN SERVICES BETWEEN THE AGENCY AND AN ELIGIBLE PERSON PURSUANT TO THIS SECTION SHALL BE CONSTRUED AS TO LIMIT SUCH PERSON'S ELIGIBILITY UNDER ANY OTHER FINANCING PROGRAM OFFERED BY THE STATE OF NEW YORK MORTGAGE AGENCY. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05747-01-5
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