New York A 7922: Requires the commissioner of health to include in annual reports information regarding the cost and increase in cost of certain prescription drugs

Bill Text

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A07922 Summary:

BILL NOA07922B

&nbsp

SAME ASSAME AS S08267-B

&nbsp

SPONSORMaher

&nbsp

COSPNSR

&nbsp

MLTSPNSR

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Add §64-m, Town L; add Art 31-K §§1451-a - 1451-p, Tax L

&nbsp

Establishes a community housing fund in the town of Rochester, county of Ulster, to provide housing opportunities for its residents.

Go to top A07922 Actions:

BILL NOA07922B

&nbsp

04/11/2025referred to local governments

01/07/2026referred to local governments

05/20/2026amend and recommit to local governments

05/20/2026print number 7922a

06/02/2026amend and recommit to local governments

06/02/2026print number 7922b

Go to topA07922 Committee&nbspVotes:

Go to topA07922 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA07922 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7922--B

 2025-2026 Regular Sessions

 IN ASSEMBLY

 April 11, 2025
 ___________

 Introduced by M. of A. MAHER -- read once and referred to the Committee
 on Local Governments -- recommitted to the Committee on Local Govern-
 ments in accordance with Assembly Rule 3, sec. 2 -- committee
 discharged, bill amended, ordered reprinted as amended and recommitted
 to said committee -- again reported from said committee with amend-
 ments, ordered reprinted as amended and recommitted to said committee

 AN ACT to amend the town law and the tax law, in relation to authorizing
 the town of Rochester to establish community housing funds to be fund-
 ed by a supplemental real estate transfer tax

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Short title. This act shall be known and may be cited as
 2 the "Town of Rochester community housing act".
 3 § 2. The town law is amended by adding a new section 64-m to read as
 4 follows:
 5 § 64-m. Town of Rochester community housing fund. 1. Definitions. As
 6 used in this section, the following words and terms shall have the
 7 following meanings:
 8 (a) "Town" means the town of Rochester.
 9 (b) "Community housing" means a primary residential property for an
 10 eligible individual that does not exceed one hundred fifty percent of
 11 the purchase price limits established by the state of New York mortgage
 12 agency low interest rate loan program in non-target categories for
 13 Ulster county in effect on the contract date for the sale of such prop-
 14 erty.
 15 (c) "Board" means the advisory board created pursuant to subdivision
 16 six of this section.
 17 (d) "Fund" means the community housing fund authorized pursuant to
 18 subdivision two of this section.
 19 (e) "First-time homebuyer" means an eligible individual who has not
 20 owned a primary residential property and is not married to a person who

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11037-08-6

 A. 7922--B 2

 1 has owned a residential property during the three-year period prior to
 2 such person's purchase of the primary residential property, and who does
 3 not own a vacation or investment home.
 4 (f) "Primary residential property" means any one or two family house,
 5 townhouse, or condominium.
 6 (g) "Eligible individual" means a household with an income that does
 7 not exceed one hundred percent of the income limits as established by
 8 the state of New York mortgage agency low interest rate loan program in
 9 non-target categories for Ulster county in effect on the contract date
 10 for the sale of such property.
 11 2. Fund authorized. The town board of Rochester is authorized to
 12 establish by local law a community housing fund, pursuant to the
 13 provisions of this section. Deposits into the fund may include revenues
 14 of the local government from whatever source, including but not limited
 15 to: (a) all revenues from the supplemental real estate transfer tax
 16 authorized by subdivision two of section fourteen hundred fifty-one-b of
 17 the tax law; (b) all proceeds from any indebtedness or obligations
 18 issued pursuant to the local finance law for community housing opportu-
 19 nity purposes as authorized in subdivision three of this section; (c)
 20 general fund balances or surpluses; (d) any proceeds received by the
 21 local government