STATE OF NEW YORK ________________________________________________________________________ 5264 2023-2024 Regular Sessions IN ASSEMBLY March 7, 2023 ___________ Introduced by M. of A. PHEFFER AMATO -- read once and referred to the Committee on Housing AN ACT to amend the private housing finance law, in relation to prohib- iting members of certain boards of directors who have been removed from serving on a board for a period of fifteen years The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The private housing finance law is amended by adding a new 2 section 611 to read as follows: 3 § 611. Removal of board of directors. For any housing entity which 4 has a board of directors in which the New York city department of hous- 5 ing preservation and development has oversight, if the board of direc- 6 tors or any individual member of such board is removed by the department 7 or by a court order, such removed member or members shall be prohibited 8 from running or being appointed to any board of directors overseen by 9 the department of housing preservation and development for a period of 10 fifteen years. 11 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09384-01-3