Assembly Bill A8081

Signed By Governor
2011-2012 Legislative Session

Relates to certain contracts for rural area revitalization contracts

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Archive: Last Bill Status Via S6553 - Signed by Governor

  • 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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2011-A8081 (ACTIVE) - Details

See Senate Version of this Bill:
S6553
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §1053, Priv Hous Fin L
Versions Introduced in 2009-2010 Legislative Session:
A3036

2011-A8081 (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.

2011-A8081 (ACTIVE) - Bill Text download pdf 

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

                                  8081

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              May 31, 2011
                               ___________

Introduced  by M. of A. RUSSELL -- read once and referred to the Commit-
  tee 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.
                                                           LBD11704-01-1

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