STATE OF NEW YORK
________________________________________________________________________
5082
2015-2016 Regular Sessions
IN SENATE
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 § 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9 repealed.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 § 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 § 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18 repealed.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 § 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
