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NY S08783

Bill

Official Source

Status

Introduced

5/16/2018

Primary Sponsor

Martin Golden

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Increases the bonding authority cap of the New York City Housing Development Corporation from $12 billion to $13.5 billion

  • Modifies Section 656 of the Private Housing Finance Law to raise the maximum aggregate principal amount of bonds and notes the corporation can issue

  • Maintains existing deductions for bond repayment funds, refunded bonds and notes, and renewed notes when calculating aggregate principal amounts

  • Takes effect immediately upon enactment

Legislative Description

Increases the bonding authority of the New York city housing corporation.

Last Action

SUBSTITUTED BY A10828

6/20/2018

Committee Referrals

Rules6/20/2018
Cities5/16/2018

Full Bill Text

No bill text available