New York Laws
Part 1
2419 - Annual Report.

ยง 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.

Structure New York Laws

New York Laws

PBA - Public Authorities

Article 8 - Miscellaneous Authorities

Title 17 - State of New York Mortgage Agency Act

Part 1

2400 - Short Title.

2401 - Legislative Findings.

2402 - Definitions.

2403 - State of New York Mortgage Agency.

2404 - Powers of the Agency.

2405 - Purchase of Existing Mortgages.

2405-A - Education Loans.

2405-B - Purchase of Forward Commitment Mortgages.

2405-C - Purchase of New Housing Loans.

2405-D - Lease-to-Own Program.

2405-E - Purchase of Employer Assisted Forward Commitment Mortgages.

2405-F - New York State Community Restoration Fund.

2406 - Bonds and Notes of the Agency.

2407 - Bond Limits.

2408 - Reserve Funds and Appropriations.

2409 - Remedies of Bondholders and Noteholders.

2410 - State and Municipalities Not Liable on Bonds, Notes or Insurance Commitments or Contracts or Development Corporation Credit Support.

2411 - Agreement of the State.

2412 - Property and Income.

2413 - Exemption From Taxation of Bonds and Notes and Insurance Commitments and Loans.

2414 - Bonds and Notes as Legal Investments for Public Officers and Fiduciaries.

2415 - Moneys of the Agency.

2416 - Actions.

2417 - Limitation of Liability.

2418 - Assistance by State Officers, Departments, Boards and Commissions; Transfer of Officers and Employees.

2419 - Annual Report.

2419-A - Additional Reports.

2420 - Court Proceedings; Preferences; Venue.

2420-A - Validity.

2421 - Inconsistent Provisions of Other Laws Superseded.

2422 - Construction.

2423 - Separability.