N.Y. Private Housing Finance Law 559 – Savings clause
§ 559. Savings clause. 1. The repeal of laws as specified in section five hundred sixty of this article, or amendment of any law as provided by this act, shall not affect or impair the validity of any action taken by any public official under the law in effect immediately prior to the time this article shall take effect nor affect or impair any contract or remedy or any act done or right accruing, accrued or acquired, or any penalty, forfeiture or punishment under or by virtue of the laws so repealed and in existence prior to the time when this article takes effect, but the same may be asserted, enforced or prosecuted, and for such purposes all of the laws specified in section five hundred sixty are hereby continued in full force and effect.
Terms Used In N.Y. Private Housing Finance Law 559
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Contract: A legal written agreement that becomes binding when signed.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
2. This article or anything herein contained shall not affect or abate any actions, proceedings, civil or criminal, pending at the time when this article takes effect, brought by, for or against the state, any municipality, authority, limited dividend or limited-profit housing company, under or in pursuance of the provisions of the laws repealed or amended by this article or act; but all such actions or proceedings may be continued, prosecuted, conducted and completed.
3. If any clause, sentence, paragraph, section or part of this article shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder thereof, but shall be confined in its operation to the clause, sentence, paragraph, section or part thereof directly involved in the controversy in which such judgment shall have been rendered.
4. The provisions of this article shall be construed liberally so as to facilitate the purposes of this article.