Bill Text: NY S05366 | 2015-2016 | General Assembly | Amended

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Bill Title: Establishes the public housing revitalization fund to provide monies to the New York City Housing Authority for the repair, reconstruction, rehabilitation and upgrade of projects of such authority.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-03-02 - PRINT NUMBER 5366A [S05366 Detail]

Download: New_York-2015-S05366-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         5366--A
                               2015-2016 Regular Sessions
                    IN SENATE
                                      May 14, 2015
                                       ___________
        Introduced  by  Sen.  KLEIN  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Finance -- recommitted  to
          the  Committee  on Finance in accordance with Senate Rule 6, sec. 8 --
          committee discharged, bill amended, ordered reprinted as  amended  and
          recommitted to said committee
        AN  ACT  to  amend  the state finance law and the public housing law, in
          relation to establishing the public housing revitalization fund
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  The  state finance law is amended by adding a new section
     2  99-y to read as follows:
     3    § 99-y. Public housing revitalization fund. 1. There is hereby  estab-
     4  lished in the custody of the state comptroller a special revenue fund to
     5  be known as the "public housing revitalization fund".
     6    2.  The fund shall be classified by the state comptroller as a capital
     7  projects type of fund, and shall consist of all moneys  appropriated  or
     8  transferred  thereto  from  any other fund or source pursuant to law and
     9  any other moneys transferred thereto for the purposes of the fund.   The
    10  state  shall  appropriate  an  amount  to the fund which shall equal any
    11  amount appropriated by the city of New York for  the  same  purposes  as
    12  those  outlined  in subdivision three of this section, following a joint
    13  certification by the comptroller and the comptroller of the city of  New
    14  York  of the amount of such funds made available by the city of New York
    15  for those purposes.
    16    3. Monies of the funds, upon appropriation thereof, shall be disbursed
    17  by the commissioner of housing and community renewal  to  the  New  York
    18  City  Housing Authority, in accordance with section seventy-seven of the
    19  public housing law, for the repair, reconstruction,  rehabilitation  and
    20  upgrade of projects operated by such authority.
    21    §  2.  The public housing law is amended by adding a new section 77 to
    22  read as follows:
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09320-03-6