Assembly Bill A3036

2009-2010 Legislative Session

Relates to certain contracts for rural area revitalization contracts

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-A3036 (ACTIVE) - Details

Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §1053, Priv Hous Fin L
Versions Introduced in 2011-2012 Legislative Session:
A8081

2009-A3036 (ACTIVE) - Summary

Provides that up to ten percent of the program or project cost may be used for the qualified applicant's operating expenses, including expenses related to organization operating support and administration of the contracts for rural area revitalization projects.

2009-A3036 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3036

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 22, 2009
                               ___________

Introduced by M. of A. CHRISTENSEN, V. LOPEZ -- Multi-Sponsored by -- M.
  of A. LIFTON -- read once and referred to the Committee on Housing

AN  ACT to amend the private housing finance law, in relation to certain
  contracts for rural area revitalization projects

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subdivision  3  of  section  1053  of the private housing
finance law, as amended by chapter 166 of the laws of 1991,  is  amended
to read as follows:
  3. Each contract pursuant to this section shall provide for payment by
the  corporation  for  the  activities to be carried out pursuant to the
contract. Such payment shall be based on the  projected  costs  of  such
activities  and  the  other sources of funding which may be available to
the applicant (including, if applicable,  funding  pursuant  to  article
seventeen  of  this  chapter)  from any source. UP TO TEN PERCENT OF THE
PROGRAM OR PROJECT COST MAY BE USED FOR THE QUALIFIED APPLICANT'S  OPER-
ATING  EXPENSES  INCLUDING  EXPENSES  RELATED  TO ORGANIZATION OPERATING
SUPPORT AND ADMINISTRATION OF THE  CONTRACT.  The  total  state  payment
pursuant  to  any  one  contract  shall  not exceed two hundred thousand
dollars.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05505-01-9


              

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