S T A T E O F N E W Y O R K ________________________________________________________________________ 10048 I N A S S E M B L Y May 2, 2012 ___________ Introduced by M. of A. JEFFRIES, V. LOPEZ -- (at request of the Division of Housing & Community Renewal) -- read once and referred to the Committee on Housing AN ACT to amend chapter 246 of the laws of 2010 amending the public authorities law relating to the powers of the state of New York mort- gage agency, in relation to extending the provisions thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Section 5 of chapter 246 of the laws of 2010 amending the 2 public authorities law relating to the powers of the state of New York 3 mortgage agency, is amended to read as follows: 4 S 5. This act shall take effect immediately and shall expire and BE 5 deemed repealed on and after June 30, [2012] 2014; provided, however, 6 that the amendments to paragraph (c) of subdivision 8 of section 2428 of 7 the public authorities law made by section two of this act shall not 8 affect the expiration of such subdivision and shall be deemed to expire 9 therewith. 10 S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14298-01-2