Bill Text: NY S02254 | 2017-2018 | General Assembly | Introduced

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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 (Republican 1-0)

Status: (Engrossed - Dead) 2018-06-20 - COMMITTED TO RULES [S02254 Detail]

Download: New_York-2017-S02254-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          2254
                               2017-2018 Regular Sessions
                    IN SENATE
                                    January 12, 2017
                                       ___________
        Introduced  by  Sen.  LITTLE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Housing, Construction  and
          Community Development
        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, one member appointed by the tempo-
     9  rary president of the senate, one member appointed by the speaker of the
    10  assembly  and  four  members  to  be  appointed by the governor with the
    11  advice and consent of the senate. The members  first  appointed  by  the
    12  governor  shall  serve  for terms ending three, four, five and six years
    13  respectively from January  first  next  succeeding  the  date  of  their
    14  appointment.  Their  successors shall serve for terms of six years each.
    15  Members shall continue  in  office  until  their  successors  have  been
    16  appointed  and qualified.  The members appointed by the temporary presi-
    17  dent of the senate and the speaker of the assembly shall  serve  at  the
    18  pleasure of the temporary president of the senate and the speaker of the
    19  assembly respectively. In the event of a vacancy occurring in the office
    20  of  any  member  by death, resignation or otherwise, [the governor shall
    21  appoint a successor with the advice and consent of the senate  to  serve
    22  for the balance of the unexpired term] such vacancy shall be filled, for
    23  the  unexpired  term,  if applicable, in the same manner as the original
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00763-01-7
        S. 2254                             2
     1  appointment.  The provisions of section thirty-nine of the public  offi-
     2  cers law shall apply to such members.
     3    § 2. Subdivision 3 of section 45-a of the private housing finance law,
     4  as  added  by  chapter  67  of  the  laws of 1985, is amended to read as
     5  follows:
     6    3. The membership of such subsidiary corporation shall [consist of the
     7  commissioner of housing and community renewal, who shall also  serve  as
     8  its chairperson, the chairman of the agency and one additional member to
     9  be  appointed  by  the chairperson of the housing trust fund corporation
    10  who shall serve at the pleasure of such chairperson. The powers  of  the
    11  corporation shall be vested in and excercised by no less than two of the
    12  members  thereof  then in office. The corporation may delegate to one or
    13  more of its members, or its officers, agents and employees, such  duties
    14  and  powers as it may deem proper] be the same as identified pursuant to
    15  subdivision one of section forty-three of this article.
    16    § 3. Subdivision 3 of section 45-b of the private housing finance law,
    17  as added by chapter 67 of the laws  of  1985,  is  amended  to  read  as
    18  follows:
    19    3. The membership of such subsidiary corporation shall [consist of the
    20  members  of  the  agency,  as  may be constituted from time to time. The
    21  chairperson of the agency shall serve as chairperson of the corporation.
    22  The powers of the corporation shall be vested in and  excercised  by  no
    23  less  than  four  of the members thereof then in office. The corporation
    24  may delegate to one or more of its members, or its officers, agents  and
    25  employees,  such duties and powers as it may deem proper] be the same as
    26  identified pursuant to subdivision one of section  forty-three  of  this
    27  article.
    28    §  4. This act shall take effect on the first of January next succeed-
    29  ing the date on which it shall have become a law.