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NY A07610

Bill

Status

Introduced

5/19/2021

Primary Sponsor

Steven Cymbrowitz

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Increases the New York State Housing Finance Agency's bond and note authorization from $29.28 billion to $31.28 billion for housing programs and related purposes.

  • Extends the expiration date of multiple laws governing the State Mortgage Agency and Housing Finance Agency from July 23, 2021 to July 23, 2023.

  • Maintains existing limitations on tax-exempt bonds issued by the State Mortgage Agency at $10.22 billion and taxable bonds at $1 billion.

  • Preserves all existing commitments, policies, and credit support issued before the July 23, 2023 expiration date to remain in full force and effect.

Legislative Description

Relates to the powers of the New York state housing finance agency.

Last Action

substituted by s6975

6/3/2021

Committee Referrals

Rules6/1/2021
Ways and Means5/24/2021
Housing5/19/2021

Full Bill Text

No bill text available