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New York · Through 2026-09-11

N.Y. Public Authorities Law § 2419: Annual report

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Where this section sits in the code
  1. Public Authorities Law
  2. Article 8. Miscellaneous Authorities
  3. Title 17. State of New York Mortgage Agency Act
  4. Part 1. No title

§ 2419. Annual report. The agency shall submit to the governor, the

chairman of the senate finance committee, the chairman of the assembly

ways and means committee, the comptroller and the director of the budget

within six months after the end of its fiscal year, a complete and

detailed report setting forth: (1) its operations and accomplishments;

(2) its receipts and expenditures during such fiscal year in accordance

with the categories or classifications established by the agency for its

operating and capital outlay purposes, including a listing of all

private consultants engaged by the agency on a contract basis and a

statement of the total amount paid to each such private consultant; (3)

its assets and liabilities at the end of its fiscal year, including a

schedule of its mortgages and the status of reserve, special or other

funds; (4) a schedule of its bonds and notes outstanding at the end of

its fiscal year, together with a statement of the amounts redeemed and

incurred during such fiscal year; (5) a schedule of mortgages which have

been insured during such year and mortgages for which there exists an

outstanding commitment to insure and the status of the mortgage

insurance fund and other funds established by the corporation; and with

respect to the agency's fiscal years ending after nineteen hundred

eighty-five; (6) a breakdown by region (as defined in subdivision nine

of section two thousand four hundred twenty-six of this title) of the

average income of recipients of SONYMA mortgage loans for such fiscal

year, stated separately for SONYMA's tax exempt and blended program and

SONYMA's taxable program; (7) a breakdown by region of the income

distribution of recipients of SONYMA mortgage loans for such fiscal

year, stated separately for SONYMA's tax exempt and blended program and

SONYMA's taxable program; and (8) a breakdown by region of the average

purchase price of structures acquired with SONYMA mortgage loans for

such fiscal year, stated separately for SONYMA's tax exempt and blended

program and SONYMA's taxable program. With respect to the schedule

mentioned in item five hereof, such schedule shall be submitted within

ninety days after the end of its fiscal year and shall be submitted to

the temporary president of the senate and speaker of the assembly in

addition to the aforementioned officers.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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