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NY S00871
Bill
Status
2/16/2021
Primary Sponsor
Brian Kavanagh
Click for details
AI Summary
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Increases the quorum requirement for the New York State Housing Finance Agency from four members to six members to conduct agency business.
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Applies the same quorum requirement of six members to the Housing Trust Fund Corporation's subsidiary operations.
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Applies the same quorum requirement of six members to the Affordable Housing Corporation's subsidiary operations.
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Authorizes each organization to delegate powers and duties to individual members, officers, agents, and employees as deemed appropriate.
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Takes effect on the same date as the 2020 law amendments referenced in bills S. 7757-A and A. 4129-A.
Legislative Description
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.
Last Action
SIGNED CHAP.44
2/16/2021