Bill Text: NY A07402 | 2019-2020 | General Assembly | Introduced

New York Assembly Bill 7402 (Prior Session Legislation)

Introduced

Bill Title: Increases the annual amount of loans authorized to be made to an agricultural producer from the housing development fund.

Spectrum: Slight Partisan Bill (Democrat 23-11)

Status: (Introduced - Dead) 2020-01-08 - referred to housing [A07402 Detail]

Download: New_York-2019-A07402-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          7402
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                       May 1, 2019
                                       ___________
        Introduced  by M. of A. LUPARDO -- read once and referred to the Commit-
          tee on Housing
        AN ACT to amend the private housing finance law, in relation to increas-
          ing the annual amount of loans made to an agricultural  producer  from
          the housing development fund
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Paragraph (b) of subdivision 2  of  section  576-d  of  the
     2  private  housing  finance  law, as amended by chapter 428 of the laws of
     3  2004, is amended to read as follows:
     4    (b) the total amount of loans made to any single agricultural producer
     5  shall not exceed [one] two hundred thousand dollars per annum;
     6    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11268-01-9