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A09922 Summary:

A09922 Actions:

A09922 Floor Votes:

A09922 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          9922
 
                   IN ASSEMBLY
 
                                      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    § 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