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NY S09948
Bill
Status
Introduced
11/15/2024
Primary Sponsor
Brian Kavanagh
Click for details
AI Summary
- Increases the New York Housing Finance Agency's bonding authority from $31 billion to $36.28 billion for housing programs and related projects
- The increased authority applies to bonds and notes issued for state university construction, hospital and nursing home projects, health facilities, youth facilities, community mental health services, developmental disabilities services, and community senior citizens services
- Excludes refunding bonds and notes (bonds issued to repay outstanding bonds) from the bonding limit calculation
- Amends Section 47 of the Private Housing Finance Law, as previously modified by Chapter 479 of the Laws of 2022
- Takes effect immediately upon enactment
Legislative Description
Increases the New York state housing finance agency bonding authority to $36,280,000,000.
Last Action
REFERRED TO RULES
11/15/2024
Committee Referrals
Rules11/15/2024
Full Bill Text
No bill text available