2023 New York Laws › PVH - Private Housing Finance › Article 3 - New York State Housing Finance Agency › 43 - New York State Housing Finance Agency.

§  43.  New  York  state  housing  finance  agency. 1. There is hereby
  created the "New York state housing finance agency". The agency shall be
  a  corporate  governmental  agency   constituting   a   public   benefit
  corporation.    Its  membership  shall  consist  of  the commissioner of
  housing  and  community  renewal,  the  director  of  the  budget,   the
  commissioner  of  taxation  and  finance,  one  member  appointed by the
  temporary president of the senate,  and  one  member  appointed  by  the
  speaker  of the assembly. In addition, there shall be four members to be
  appointed by the governor with the advice and consent of the senate. The
  members first appointed by the governor shall  serve  for  terms  ending
  three,  four,  five  and  six years respectively from January first next
  succeeding the date of their appointment. Their successors  shall  serve
  for  terms  of  six years each.   Members shall continue in office until
  their  successors  have  been  appointed  and  qualified.  The   members
  appointed  by  the  temporary president of the senate and the speaker of
  the assembly shall serve at the pleasure of the temporary  president  of
  the senate and the speaker of the assembly respectively. In the event of
  a vacancy occurring in the office of any member by death, resignation or
  otherwise,  such  vacancy  shall  be  filled, for the unexpired term, if
  applicable,  in  the  same  manner  as  the  original  appointment.  The
  provisions of section thirty-nine of the public officers law shall apply
  to such members.
2.  The  governor  shall designate from among the members appointed by
  him or her a chairman, who shall serve as such during his or her term as
  member. The members, including the chairman, shall serve without  salary
  or other compensation, but each member, including the chairman, shall be
  entitled  to reimbursement for actual and necessary expenses incurred in
  the performance of his or her official duties and in the event that  the
  chairman  shall  also  be a full time officer or employee of the agency,
  the chairman shall receive no salary as chairman but shall receive  only
  his  or  her  regular  salary  as officer or employee, not to exceed the
  average of the salaries paid to the appointed commissioners of the state
  departments or the regular salary such officer or employee was receiving
  at the time of his or her appointment as chairman, whichever is greater.
3. Such members other than the commissioner of housing  and  community
  renewal,  the  director  of the budget, the commissioner of taxation and
  finance and the chairman if he be a full time officer or employee of the
  agency, may  engage  in  private  employment,  or  in  a  profession  or
  business, subject to the limitations contained in sections seventy-three
  and  seventy-four  of the public officers law. The agency shall, for the
  purposes of  sections  seventy-three  and  seventy-four  of  the  public
  officers  law, be a "state-agency," and such members shall be "officers"
  of the agency for the purposes of said sections.
4.  Notwithstanding  any  inconsistent  provisions  of  law,  general,
  special  or  local, no officer or employee of the state, or of any civil
  division thereof, shall be deemed to have forfeited or shall forfeit his
  office or employment by reason of his acceptance of  membership  on  the
  agency  created  by  this section; provided, however, a member who holds
  such other public office  or  employment  shall  receive  no  additional
  compensation  or  allowance  for  services  rendered  pursuant  to  this
  article, but shall be entitled  to  reimbursement  for  his  actual  and
  necessary expenses incurred in the performance of such services.
5.  The  governor  may  remove any member for inefficiency, neglect of
  duty or misconduct in office after giving him  a  copy  of  the  charges
  against him, and an opportunity to be heard, in person or by counsel, in
  his  defense,  upon  not  less than ten days' notice. If any such member
  shall be  removed,  the  governor  shall  file  in  the  office  of  the
  department  of  state  a complete statement of charges made against such

  member, and his findings thereon, together with a complete record of the
  proceeding. The holding of office by the commissioner of  housing  shall
  continue  to  be  governed  by  the  provisions of section eleven of the
  public housing law.
6.  The  agency  and  its  corporate  existence  shall  continue until
  terminated by law, provided, however, that no such law shall take effect
  so long as the agency shall have  bonds,  notes  and  other  obligations
  outstanding.  Upon  termination  of the existence of the agency, all its
  rights and properties shall pass to and be vested in the state.
7. The powers of the agency shall be vested in  and  exercised  by  no
  less  than  six  of  the  members thereof then in office. The agency may
  delegate to one or more of its members,  or  its  officers,  agents  and
  employees, such powers and duties as it may deem proper.
8.  The commissioner of housing and community renewal, the director of
  the budget and the commissioner of taxation and finance each may appoint
  a person from their respective division or department to represent  such
  member,  respectively,  at  all  meetings  of the agency from which such
  member may be absent. Any such representative so designated  shall  have
  the  power to attend and to vote at any meeting of the agency from which
  the member so designating him as a representative  is  absent  with  the
  same  force and effect as if the member designating him were present and
  voting. Such designation shall be  by  written  notice  filed  with  the
  chairman  of  the agency by each of the said members. The designation of
  such persons shall continue until revoked at any time by written  notice
  to  the  chairman  by the respective member making the designation. Such
  designation shall not be deemed to limit the  power  of  the  appointing
  member to attend and vote at any meeting of the agency.