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A 420 - Increases the Amount of Bonds the New York State Housing Finance Agency can Issue - New York Key Vote

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Title: Increases the Amount of Bonds the New York State Housing Finance Agency can Issue

Signed by Governor Kathy Hochul


Title: Increases the Amount of Bonds the New York State Housing Finance Agency can Issue

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Title: Increases the Amount of Bonds the New York State Housing Finance Agency can Issue

Vote Smart's Synopsis:

Vote to pass a bill that increases the amount of bonds the New York State Housing Finance Agency can issue for housing projects to $36.28 billion.

Highlights:

  • Specifies that the New York State Housing Finance Agency may only issue bonds and notes for (Sec. 1):

    • State university construction;

    • Hospital and nursing home projects;

    • Health facilities;

    • Youth facilities projects;

    • Community mental health and developmental disabilities services projects;

    • Community senior citizen services projects; and

    • Mental hygiene improvement.

  • Increases the total principal amount for bonds from the Housing Finance Agency to $36.28 billion, excluding payment for outstanding bonds or notes (Sec. 1). 

  • Specifies the effective date of this bill immediately following the governor's signature. (Sec. 1).

Full Bill Text

Title: Increases the Amount of Bonds the New York State Housing Finance Agency can Issue

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