Bill Text: NY S05082 | 2015-2016 | General Assembly | Introduced

New York Senate Bill 5082 (Prior Session Legislation)

Introduced

Bill Title: Extends provisions of law relating to the financing of certain multi-family housing.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-01-06 - REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT [S05082 Detail]

Download: New_York-2015-S05082-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5082
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                    April 30, 2015
                                      ___________
       Introduced by Sen. YOUNG -- (at request of the NYC H.P.D.) -- read twice
         and ordered printed, and when printed to be committed to the Committee
         on Housing, Construction and Community Development
       AN  ACT  to  amend chapter 514 of the laws of 1983, amending the private
         housing finance law and the real property  tax  law  relating  to  the
         powers  of  the  New York city housing development corporation and the
         New York state housing finance agency to finance certain  multi-family
         housing;  and  to  amend chapter 396 of the laws of 1984, amending the
         private housing finance law and the real property tax law relating  to
         the  powers  of  the  New York state housing finance agency to finance
         certain multi-family housing, in relation to the effectiveness of such
         chapters
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1. Section 6 of chapter 514 of the laws of 1983, amending the
    2  private housing finance law and the real property tax  law  relating  to
    3  the  powers of the New York city housing development corporation and the
    4  New York state housing finance agency to  finance  certain  multi-family
    5  housing,  as  amended  by chapter 152 of the laws of 2013, is amended to
    6  read as follows:
    7    S 6. This act shall take effect immediately and shall remain  in  full
    8  force  and  effect  until July 23, [2015] 2017 at which time it shall be
    9  repealed.
   10    S 2. Section 7 of chapter 396  of  the  laws  of  1984,  amending  the
   11  private  housing  finance  law and the real property tax law relating to
   12  the powers of the New York  state  housing  finance  agency  to  finance
   13  certain  multi-family  housing, as amended by chapter 152 of the laws of
   14  2013, is amended to read as follows:
   15    S 7. This act shall take effect immediately, except that sections one,
   16  three, four, five and six of this act shall remain  in  full  force  and
   17  effect  until  July 23, [2015] 2017 at which time such sections shall be
   18  repealed.
   19    S 3. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10778-01-5