Senate Bill S5373

2009-2010 Legislative Session

Establishes a revolving loan program whereby short term loans are made available to families receiving public assistance who are in danger of homelessness by reason of eviction; appropriation

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Archive: Last Bill Status - In Senate Committee Social Services 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-S5373 (ACTIVE) - Details

See Assembly Version of this Bill:
A4644
Current Committee:
Senate Social Services
Law Section:
Appropriations
Laws Affected:
Add Art 2-A Title 5 §53, Soc Serv L; add §92-h, St Fin L

2009-S5373 (ACTIVE) - Summary

Establishes a revolving loan program whereby short term loans are made available through local social services districts to families receiving public assistance who are in danger of homelessness by reason of eviction; appropriates $3,000,000 therefor.

2009-S5373 (ACTIVE) - Sponsor Memo

2009-S5373 (ACTIVE) - Bill Text download pdf

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

                                  5373

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                             April 27, 2009
                               ___________

Introduced  by  Sen. HASSELL-THOMPSON -- read twice and ordered printed,
  and when printed to be committed to the Committee on Social Services

AN ACT to amend the social services law and the state  finance  law,  in
  relation  to  establishing  a  revolving loan program whereunder short
  term loans are made available to families receiving public  assistance
  who are threatened with eviction; and making an appropriation therefor

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

  Section 1.   Article 2-A of the social  services  law  is  amended  by
adding a new title 5 to read as follows:
                                 TITLE 5
                         REVOLVING LOAN PROGRAM
SECTION 53. REVOLVING LOAN PROGRAM.
  S  53.  REVOLVING  LOAN  PROGRAM. 1. THE COMMISSIONER OF THE OFFICE OF
TEMPORARY AND DISABILITY ASSISTANCE IS  HEREBY  AUTHORIZED,  WITHIN  THE
LIMITS OF FUNDS AVAILABLE IN THE REVOLVING LOAN PROGRAM FUND ESTABLISHED
PURSUANT TO SECTION NINETY-TWO-H OF THE STATE FINANCE LAW, TO ENTER INTO
CONTRACTS  WITH UP TO TWENTY SOCIAL SERVICES DISTRICTS TO PROVIDE FINAN-
CIAL ASSISTANCE IN THE FORM OF LOANS TO PUBLIC ASSISTANCE RECIPIENTS WHO
ARE IN DANGER OF BECOMING HOMELESS. SUCH GRANTS  SHALL  BE  PROVIDED  TO
CREATE  A  REVOLVING  LOAN PROGRAM ADMINISTERED BY THE LOCAL DISTRICT TO
PROVIDE SHORT TERM LOANS TO FAMILIES RECEIVING PUBLIC ASSISTANCE  PURSU-
ANT  TO ARTICLE FIVE OF THIS CHAPTER WHO ARE IN IMMINENT DANGER OF HOME-
LESSNESS BY REASON OF EVICTION. SUCH LOANS:
  (A) SHALL BE IN AN AMOUNT NOT TO EXCEED SIX HUNDRED DOLLARS PER LOAN;
  (B) SHALL BE INTEREST FREE AND FIVE YEARS IN DURATION;
  (C) SHALL BE LIMITED TO ONE SUCH LOAN PER ELIGIBLE FAMILY; AND
  (D) SHALL BE PROVIDED IN ACCORDANCE WITH THE  TERMS  OF  THE  CONTRACT
BETWEEN  THE  OFFICE OF TEMPORARY AND DISABILITY SERVICES AND THE SOCIAL
SERVICES DISTRICT.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06234-01-9

              

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