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History
- Referred to corporations, authorities and commissions
- Referred to corporations, authorities and commissions
Full text
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Sponsor's memo
BILL NUMBER:S154
Title of bill
An act to amend the public authorities law, in relation to doubling the maximum allowable income limitations for volunteer firefighters eligibility to obtain a SONYMA mortgage
Purpose or general idea of bill
To promote the recruitment of more volunteer firefighters. By becoming a volunteer firefighter the maximum income limitation will be doubled for anyone who is a member for more than five years. This will provide for low interest mortgages for first time homebuyers.
Summary of specific provisions
Section 1- Establishes the amendment of subdivision 2 of section 2407 of the public authorities' law.
section 2- Establishes the effective date of the bill.
Justification
This bill is aimed at recruiting and retaining individuals in regards to volunteer fire departments. This bill also offers a remedy and assistance to first time home buyers. This bill provides affordable housing solutions, as well as a strong incentive to become a volunteer firefighter. Volunteer firefighters provide invaluable services to the community and need a strong member base to ensure the continuation of these services.
Prior legislative history
S.2531/A.4865 of 2009-2010; Referred to Corporations, Authorities and Commissions
Fiscal implications
The costs to the State are yet to be determined.
Effective date
This act shall take effect on the sixtieth day after it shall have become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.