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    5  deemed repealed  on and after June 30, [2012] 2014;  provided,  however,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