PRINTER'S NO. 130
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
173
Session of
2019
INTRODUCED BY BROWNE, MARTIN, COSTA, BREWSTER, KEARNEY AND
SCHWANK, FEBRUARY 1, 2019
REFERRED TO URBAN AFFAIRS AND HOUSING, FEBRUARY 1, 2019
AN ACT
Amending the act of December 3, 1959 (P.L.1688, No.621),
entitled "An act to promote the health, safety and welfare of
the people of the Commonwealth by broadening the market for
housing for persons and families of low and moderate income
and alleviating shortages thereof, and by assisting in the
provision of housing for elderly persons through the creation
of the Pennsylvania Housing Finance Agency as a public
corporation and government instrumentality; providing for the
organization, membership and administration of the agency,
prescribing its general powers and duties and the manner in
which its funds are kept and audited, empowering the agency
to make housing loans to qualified mortgagors upon the
security of insured and uninsured mortgages, defining
qualified mortgagors and providing for priorities among
tenants in certain instances, prescribing interest rates and
other terms of housing loans, permitting the agency to
acquire real or personal property, permitting the agency to
make agreements with financial institutions and Federal
agencies, providing for the purchase by persons of low and
moderate income of housing units, and approving the sale of
housing units, permitting the agency to sell housing loans,
providing for the promulgation of regulations and forms by
the agency, prescribing penalties for furnishing false
information, empowering the agency to borrow money upon its
own credit by the issuance and sale of bonds and notes and by
giving security therefor, permitting the refunding,
redemption and purchase of such obligations by the agency,
prescribing remedies of holders of such bonds and notes,
exempting bonds and notes of the agency, the income
therefrom, and the income and revenues of the agency from
taxation, except transfer, death and gift taxes; making such
bonds and notes legal investments for certain purposes; and
indicating how the act shall become effective," in the
agency, further providing for agency membership.
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The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 202 of the act of December 3, 1959
(P.L.1688, No.621), known as the Housing Finance Agency Law, is
amended to read:
Section 202. Agency Membership.--The members of the agency
shall be the Secretary of Community [Affairs] and Economic
Development, the State Treasurer, [the Secretary of Commerce
and] the Secretary of Banking[,] and Securities, the Insurance
Commissioner and the respective successors in office of each of
them, one member appointed by the Majority Leader of the Senate,
one member appointed by the Minority Leader of the Senate, one
member appointed by the Majority Leader of the House of
Representatives, one member appointed by the Minority Leader of
the House of Representatives and six additional members whom the
Governor shall appoint. One of the members of the agency
appointed by the Governor with the advice and consent of the
Senate shall be a representative of a community-based nonprofit
group which assists low-income and moderate-income individuals
in housing matters. Annually at the first meeting held during
the calendar year, the members shall elect one of the members to
serve as chairperson. The members initially appointed shall
serve for terms of one, two, three, four, five and six years,
respectively, the particular term of each to be designated by
the Governor at the time of appointment. The terms of all their
successors shall be six years each, except that any person
appointed to fill a vacancy shall serve only for the unexpired
term. Every member's term shall extend until his successor is
appointed and qualified. Any appointment made by the Governor of
a member of the agency made hereafter shall be subject to the
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advice and consent of a majority of all the members of the
Senate. Any appointed member of the agency shall be eligible for
reappointment. The members of the agency shall not receive
compensation for their services as members, but shall receive
reimbursement for all necessary expenses incurred in connection
with the performance of their duties as members. A member who
fails to attend meetings for three consecutive months shall
forfeit his seat unless the chairperson of the agency, upon
written request from the member, finds that the member should be
excused from a meeting because of illness or the death of an
immediate family member. Members appointed by the Majority
Leader of the Senate, the Minority Leader of the Senate, the
Majority Leader of the House of Representatives and the Minority
Leader of the House of Representatives shall not be, themselves,
current members of the General Assembly and shall serve at the
pleasure of the appointing authority.
Section 2. This act shall take effect in 60 days.
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