NY A00420

Increases the New York State Housing Finance Agency's bonding authority from $31.28 billion to $36.28 billion, a $5 billion increase

The new cap applies to bonds and notes issued for general corporate purposes under the housing program

Excludes from the cap: state university construction bonds, hospital and nursing home project bonds, health facilities bonds, youth facilities project bonds, community mental health services bonds, and refunding bonds

Introduced at the request of New York State Homes and Community Renewal

Takes effect immediately upon enactment