JurisdictionNew YorkLaw PBAPublic Authorities
Title 17State of New York Mortgage Agency Act
Part 1No title
Art. 8Miscellaneous Authorities
This text of New York § 2419 (Annual report) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§ 2419. Annual report. The agency shall submit to the governor, the\nchairman of the senate finance committee, the chairman of the assembly\nways and means committee, the comptroller and the director of the budget\nwithin six months after the end of its fiscal year, a complete and\ndetailed report setting forth:
(1)its operations and accomplishments;\n(2) its receipts and expenditures during such fiscal year in accordance\nwith the categories or classifications established by the agency for its\noperating and capital outlay purposes, including a listing of all\nprivate consultants engaged by the agency on a contract basis and a\nstatement of the total amount paid to each such private consultant;
(3)\nits assets and liabilities at the end of its fiscal year, including a\nschedule of its
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§ 2419. Annual report. The agency shall submit to the governor, the\nchairman of the senate finance committee, the chairman of the assembly\nways and means committee, the comptroller and the director of the budget\nwithin six months after the end of its fiscal year, a complete and\ndetailed report setting forth: (1) its operations and accomplishments;\n(2) its receipts and expenditures during such fiscal year in accordance\nwith the categories or classifications established by the agency for its\noperating and capital outlay purposes, including a listing of all\nprivate consultants engaged by the agency on a contract basis and a\nstatement of the total amount paid to each such private consultant; (3)\nits assets and liabilities at the end of its fiscal year, including a\nschedule of its mortgages and the status of reserve, special or other\nfunds; (4) a schedule of its bonds and notes outstanding at the end of\nits fiscal year, together with a statement of the amounts redeemed and\nincurred during such fiscal year; (5) a schedule of mortgages which have\nbeen insured during such year and mortgages for which there exists an\noutstanding commitment to insure and the status of the mortgage\ninsurance fund and other funds established by the corporation; and with\nrespect to the agency's fiscal years ending after nineteen hundred\neighty-five; (6) a breakdown by region (as defined in subdivision nine\nof section two thousand four hundred twenty-six of this title) of the\naverage income of recipients of SONYMA mortgage loans for such fiscal\nyear, stated separately for SONYMA's tax exempt and blended program and\nSONYMA's taxable program; (7) a breakdown by region of the income\ndistribution of recipients of SONYMA mortgage loans for such fiscal\nyear, stated separately for SONYMA's tax exempt and blended program and\nSONYMA's taxable program; and (8) a breakdown by region of the average\npurchase price of structures acquired with SONYMA mortgage loans for\nsuch fiscal year, stated separately for SONYMA's tax exempt and blended\nprogram and SONYMA's taxable program. With respect to the schedule\nmentioned in item five hereof, such schedule shall be submitted within\nninety days after the end of its fiscal year and shall be submitted to\nthe temporary president of the senate and speaker of the assembly in\naddition to the aforementioned officers.\n