Bill Text: NY A05774 | 2017-2018 | General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-01-03 - referred to housing [A05774 Detail]

Download: New_York-2017-A05774-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          5774
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    February 15, 2017
                                       ___________
        Introduced  by  M.  of  A.  CYMBROWITZ  -- read once and referred to the
          Committee on Housing
        AN ACT to amend the private housing finance  law,  in  relation  to  the
          membership  of  the New York state housing finance agency, the housing
          trust fund corporation and the affordable housing corporation
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Subdivision 1 of section 43 of the private housing finance
     2  law, as added by chapter 528 of the laws of 1969, is amended to read  as
     3  follows:
     4    1.  There  is hereby created the "New York state housing finance agen-
     5  cy". The agency shall be a corporate governmental agency constituting  a
     6  public  benefit corporation. Its membership shall consist of the commis-
     7  sioner of housing and community renewal, the director of the budget, the
     8  commissioner of taxation and finance, one member appointed by the tempo-
     9  rary president of the senate, one member appointed by the speaker of the
    10  assembly and four members to be  appointed  by  the  governor  with  the
    11  advice  and  consent  of  the senate. The members first appointed by the
    12  governor shall serve for terms ending three, four, five  and  six  years
    13  respectively  from  January  first  next  succeeding  the  date of their
    14  appointment. Their successors shall serve for terms of six  years  each.
    15  Members  shall  continue  in  office  until  their  successors have been
    16  appointed and qualified.  The members appointed by the temporary  presi-
    17  dent  of  the  senate and the speaker of the assembly shall serve at the
    18  pleasure of the temporary president of the senate and the speaker of the
    19  assembly respectively. In the event of a vacancy occurring in the office
    20  of any member by death, resignation or otherwise,  [the  governor  shall
    21  appoint  a  successor with the advice and consent of the senate to serve
    22  for the balance of the unexpired term] such vacancy shall be filled, for
    23  the unexpired term, if applicable, in the same manner  as  the  original
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00763-01-7
        A. 5774                             2
     1  appointment.   The provisions of section thirty-nine of the public offi-
     2  cers law shall apply to such members.
     3    § 2. Subdivision 3 of section 45-a of the private housing finance law,
     4  as  added  by  chapter  67  of  the  laws of 1985, is amended to read as
     5  follows:
     6    3. The membership of such subsidiary corporation shall [consist of the
     7  commissioner of housing and community renewal, who shall also  serve  as
     8  its chairperson, the chairman of the agency and one additional member to
     9  be  appointed  by  the chairperson of the housing trust fund corporation
    10  who shall serve at the pleasure of such chairperson. The powers  of  the
    11  corporation shall be vested in and excercised by no less than two of the
    12  members  thereof  then in office. The corporation may delegate to one or
    13  more of its members, or its officers, agents and employees, such  duties
    14  and  powers as it may deem proper] be the same as identified pursuant to
    15  subdivision one of section forty-three of this article.
    16    § 3. Subdivision 3 of section 45-b of the private housing finance law,
    17  as added by chapter 67 of the laws  of  1985,  is  amended  to  read  as
    18  follows:
    19    3. The membership of such subsidiary corporation shall [consist of the
    20  members  of  the  agency,  as  may be constituted from time to time. The
    21  chairperson of the agency shall serve as chairperson of the corporation.
    22  The powers of the corporation shall be vested in and  excercised  by  no
    23  less  than  four  of the members thereof then in office. The corporation
    24  may delegate to one or more of its members, or its officers, agents  and
    25  employees,  such duties and powers as it may deem proper] be the same as
    26  identified pursuant to subdivision one of section  forty-three  of  this
    27  article.
    28    §  4. This act shall take effect on the first of January next succeed-
    29  ing the date on which it shall have become a law.