Bill Text: NY A04129 | 2019-2020 | General Assembly | Amended

---

Bill Title: Provides for the appointment of the members of the New York state housing finance agency, the housing trust fund corporation and the affordable housing corporation.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2020-12-02 - approval memo.19 [A04129 Detail]

Download: New_York-2019-A04129-Amended.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                         4129--A

                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                    February 1, 2019
                                       ___________

        Introduced  by  M.  of  A.  CYMBROWITZ  -- read once and referred to the
          Committee on Housing -- recommitted to the  Committee  on  Housing  in
          accordance  with Assembly Rule 3, sec. 2 -- committee discharged, bill
          amended, ordered reprinted as amended and recommitted to said  commit-
          tee

        AN  ACT  to  amend  the  private housing finance law, in relation to the
          membership of the New York state housing finance agency,  the  housing
          trust fund corporation and the affordable housing corporation

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subdivision 1 of section 43 of the private housing  finance
     2  law,  as added by chapter 528 of the laws of 1969, is amended to read as
     3  follows:
     4    1. There is hereby created the "New York state housing  finance  agen-
     5  cy".  The agency shall be a corporate governmental agency constituting a
     6  public benefit corporation. Its membership shall consist of the  commis-
     7  sioner of housing and community renewal, the director of the budget, the
     8  commissioner  of taxation and finance [and], one member appointed by the
     9  temporary president of the senate,  and  one  member  appointed  by  the
    10  speaker  of the assembly. In addition, there shall be four members to be
    11  appointed by the governor with the advice and consent of the senate. The
    12  members first appointed by the governor shall  serve  for  terms  ending
    13  three,  four,  five  and  six years respectively from January first next
    14  succeeding the date of their appointment. Their successors  shall  serve
    15  for  terms  of  six  years  each. Members shall continue in office until
    16  their successors  have  been  appointed  and  qualified.    The  members
    17  appointed  by  the  temporary president of the senate and the speaker of
    18  the assembly shall serve at the pleasure of the temporary  president  of
    19  the senate and the speaker of the assembly respectively. In the event of
    20  a vacancy occurring in the office of any member by death, resignation or
    21  otherwise,  [the  governor shall appoint a successor with the advice and

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08258-02-0
        A. 4129--A                          2

     1  consent of the senate to serve for the balance of  the  unexpired  term]
     2  such  vacancy shall be filled, for the unexpired term, if applicable, in
     3  the same manner as the original appointment.  The provisions of  section
     4  thirty-nine of the public officers law shall apply to such members.
     5    § 2. Subdivision 3 of section 45-a of the private housing finance law,
     6  as  added  by  chapter  67  of  the  laws of 1985, is amended to read as
     7  follows:
     8    3. The membership of such subsidiary corporation shall [consist of the
     9  commissioner of housing and community renewal, who shall also  serve  as
    10  its chairperson, the chairman of the agency and one additional member to
    11  be  appointed  by  the chairperson of the housing trust fund corporation
    12  who shall serve at the pleasure of such chairperson. The powers  of  the
    13  corporation shall be vested in and excercised by no less than two of the
    14  members  thereof  then in office. The corporation may delegate to one or
    15  more of its members, or its officers, agents and employees, such  duties
    16  and  powers as it may deem proper] be the same as identified pursuant to
    17  subdivision one of section forty-three of this article.
    18    § 3. Subdivision 3 of section 45-b of the private housing finance law,
    19  as added by chapter 67 of the laws  of  1985,  is  amended  to  read  as
    20  follows:
    21    3. The membership of such subsidiary corporation shall [consist of the
    22  members  of  the  agency,  as  may be constituted from time to time. The
    23  chairperson of the agency shall serve as chairperson of the corporation.
    24  The powers of the corporation shall be vested in and  excercised  by  no
    25  less  than  four  of the members thereof then in office. The corporation
    26  may delegate to one or more of its members, or its officers, agents  and
    27  employees,  such duties and powers as it may deem proper] be the same as
    28  identified pursuant to subdivision one of section  forty-three  of  this
    29  article.
    30    §  4. This act shall take effect on the first of January next succeed-
    31  ing the date on which it shall have become a law.