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NY S07582

Bill

Official Source

Status

Passed

7/15/2010

Primary Sponsor

Pedro Espada

Click for details

Origin

Senate

2009-2010 General Assembly

AI Summary

  • Extends the effective date for amendments to the State of New York Mortgage Agency's powers from July 16, 2010 to July 16, 2011, after which prior law provisions will be reinstated
  • Increases the aggregate principal amount limit for tax-exempt bonds and notes issued by the agency from $8.72 billion to $9.22 billion
  • Extends the deadline for issuing bonds and notes (excluding refunding bonds) from July 16, 2010 to July 16, 2011
  • Maintains the $800 million cap on taxable bonds issued by the agency with the same extended deadline of July 16, 2011
  • Takes effect immediately upon passage

Legislative Description

Extends certain provisions relating to the powers of the state of New York mortgage agency.

Last Action

SIGNED CHAP.218

7/15/2010

Committee Referrals

Ways and Means6/18/2010
Finance5/26/2010
Corporations, Authorities and Commissions4/23/2010

Full Bill Text

No bill text available