SENATE COMMUNITY AFFAIRS COMMITTEE

STATEMENT TO

SENATE, No. 1565

with committee amendments

STATE OF NEW JERSEY

DATED: JANUARY 14, 1997

      The Senate Community Affairs Committee reports favorably and with committee amendments Senate Bill No. 1565.

      This bill, as amended, would increase the number of public members of the New Jersey Housing and Mortgage Finance Agency from three to five members appointed by the Governor with the advice and consent of the Senate. The committee removed a provision of the bill that would have required that the two new members and their successors must represent different major political parties.