MORTGAGE AGENCY
|
Adjusted |
Executive |
Legislative |
Change |
|
STATE OPERATIONS |
||||
|
General Fund |
61,800,000 |
61,800,000 |
61,800,000 |
0 |
|
Total for Agency: |
61,800,000 |
61,800,000 |
61,800,000 |
0 |
|
Total Contingency: |
15,000,000 |
15,000,000 |
15,000,000 |
0 |
|
Total for STATE OPERATIONS: |
76,800,000 |
76,800,000 |
76,800,000 |
0 |
|
AID TO LOCALITIES |
||||
|
General Fund |
56,256,000 |
80,702,000 |
80,702,000 |
0 |
|
Total for AID TO LOCALITIES: |
56,256,000 |
80,702,000 |
80,702,000 |
0 |
Agency Mission
The State of New York Mortgage Agency (SONYMA) is a public benefit corporation which uses tax exempt and taxable bond sale proceeds to fund low interest mortgages for low-to-moderate income first-time home buyers.
Year-to-Year Change
The Executive proposes an increase of $24,446,0000 in total contingency appropriations for the State of New York Mortgage Agency from State Fiscal Year 1998-99.
Legislative Changes
The Assembly makes no changes to the Executive's proposal.
New York State Assembly
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