Bill Text: NY A09922 | 2013-2014 | General Assembly | Introduced
Bill Title: Relates to the powers of the New York state housing finance agency with respect to an increase in bond and note authorization.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2014-08-11 - signed chap.283 [A09922 Detail]
Download: New_York-2013-A09922-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 9922 I N A S S E M B L Y May 29, 2014 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Wright) -- (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 the powers of the New York state housing finance agency with respect to an increase in bond and note authorization THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Paragraph (c) of subdivision 1 of section 47 of the private 2 housing finance law, as amended by chapter 419 of the laws of 2012, is 3 amended to read as follows: 4 (c) The agency shall not issue bonds and notes other than state 5 university construction bonds and state university construction notes, 6 hospital and nursing home project bonds and hospital and nursing home 7 project notes, health facilities bonds and health facilities notes, 8 youth facilities project bonds and youth facilities project notes, 9 community mental health services and mental retardation services project 10 bonds and community mental health services and mental retardation 11 services project notes, community senior citizens services project notes 12 or community senior citizens services project bonds and mental hygiene 13 improvement bonds and mental hygiene improvement notes and bonds and 14 notes for the housing program for any of its corporate purposes in an 15 aggregate principal amount exceeding [seventeen] EIGHTEEN billion [two] 16 SEVEN hundred eighty million dollars, excluding bonds and notes issued 17 to refund outstanding bonds and notes. 18 S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13817-02-4