New York A 970: 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

Bill Text

STATE OF NEW YORK
________________________________________________________________________
970
2021-2022 Regular Sessions
IN ASSEMBLY
(Prefiled)
January 6, 2021
___________
Introduced by M. of A. CYMBROWITZ -- read once and referred to the
Committee on Housing
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 7 of section 43 of the private housing finance
2 law, as amended by chapter 528 of the laws of 1969, is amended to read
3 as follows:
4 7. The powers of the agency shall be vested in and exercised by no
5 less than [ ] of the members thereof then in office. The agencyfour six
6 may delegate to one or more of its members, or its officers, agents and
7 employees, such powers and duties as it may deem proper.
8 § 2. Subdivision 3 of section 45-a of the private housing finance law,
9 as amended by a chapter of the laws of 2020 amending the private housing
10 finance law relating to the membership of the New York state housing
11 finance agency, the housing trust fund corporation and the affordable
12 housing corporation, as proposed in legislative bills numbers S. 7757-A
13 and A. 4129-A, is amended to read as follows:
14 3. The membership of such subsidiary corporation shall [be the same as
15 identified pursuant to subdivision one of section forty-three of this
16 ] article consist of the members identified pursuant to subdivision one
17 of section forty-three of this article, and the powers of such subsid-
18 iary corporation shall be vested in and exercised by no less than six of
19 its members thereof then in office. The subsidiary corporation may dele-
20 gate to one or more of its members, or its officers, agents and employ-
21 .ees, such powers and duties as it may deem proper
22 § 3. Subdivision 3 of section 45-b of the private housing finance law,
23 as amended by a chapter of the laws of 2020 amending the private housing
EXPLANATION--Matter in (underscored) is new; matter in bracketsitalics
[ ] is old law to be omitted.
LBD07154-01-1

A. 970 2
1 finance law relating to the membership of the New York state housing
2 finance agency, the housing trust fund corporation and the affordable
3 housing corporation, as proposed in legislative bills numbers S. 7757-A
4 and A. 4129-A, is amended to read as follows:
5 3. The membership of such subsidiary corporation shall [be the same as
6 identified pursuant to subdivision one of section forty-three of this
7 ] article consist of the members identified pursuant to subdivision one
8 of section forty-three of this article, and the powers of such subsid-
9 iary corporation shall be vested in and exercised by no less than six of
10 its members thereof then in office. The subsidiary corporation may dele-
11 gate to one or more of its members, or its officers, agents and employ-
12 .ees, such powers and duties as it may deem proper
13 § 4. This act shall take effect on the same date and in the same
14 manner as a chapter of the laws of 2020 amending the private housing
15 finance law relating to the membership of the New York state housing
16 finance agency, the housing trust fund corporation and the affordable
17 housing corporation, as proposed in legislative bills numbers S. 7757-A
18 and A. 4129-A, takes effect.