|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to finance|
|Feb 24, 2011||referred to finance|
senate Bill S3508
Archive: Last Bill Status - In Senate Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S3508 - Details
- Law Section:
- Budget Bills
- Laws Affected:
- Amd Part NN §3, Chap 57 of 2008
- Versions Introduced in 2009-2010 Legislative Session:
S3508 - Sponsor Memo
BILL NUMBER:S3508 TITLE OF BILL: An act to amend section 3 of part NN of chapter 57 of the laws of 2008 relating to authorizing the New York state mortgage agency to transfer certain moneys, in relation to the use of surplus funds from the greater Catskills flood remediation program PURPOSE OR GENERAL IDEA OF BILL: To authorize the purchase of homes near the New York City aqueducts which are susceptible to flooding or water infiltration near the leaking New York City owned aqueduct in Ulster County near the Rondout Reservoir and, if funds are leftover, other flooded properties in Ulster County. SUMMARY OF SPECIFIC PROVISIONS: Authorizes the use of remaining funds from the Greater Catskills Flood remediation program (of which there are currently approximately $4 million in unused funds) to purchase homes within two miles of the New York City Aqueducts in the County of Ulster. The homes must be subject to water seepage and be under $250,000 in fair market value. If there are any remaining funds after purchase of those homes, the remaining funding may be utilized to purchase other flood prone homes in Ulster County.
S3508 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3508 2011-2012 Regular Sessions I N S E N A T E February 24, 2011 ___________ Introduced by Sen. BONACIC -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend section 3 of part NN of chapter 57 of the laws of 2008 relating to authorizing the New York state mortgage agency to transfer certain moneys, in relation to the use of surplus funds from the greater Catskills flood remediation program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 3 of part NN of chapter 57 of the laws of 2008 relating to authorizing the New York state mortgage agency to transfer certain moneys, as amended by section 1 of part B of chapter 2 of the laws of 2009, is amended to read as follows: S 3. (A) Within the amounts transferred to the corporation pursuant to section one of this act for the greater Catskills flood remediation program, the corporation shall provide funds to the counties of Broome, Chenango, Delaware, Herkimer, Montgomery, Orange, Otsego, Schoharie, Sullivan, Tioga and Ulster, upon application by a county and within the amounts available for disbursement to such county, to enable the coun- ties to purchase and demolish one or two family homes that have been certified by the local building inspector and county emergency manage- ment director, to the satisfaction of the corporation, as having been subject to one or more incidents of flooding since April 1, 2004 and as likely to be subject to a future flood incident that would cause substantial damage thereto. Any application by a county for disbursement of funds under this act shall demonstrate, to the satisfaction of the corporation, that: (1) the home is occupied as the primary residence of an owner with a family income of up to one hundred fifty percent of the area median income as defined by the United States department of housing and urban development, provided, however, that an otherwise eligible home shall be eligible for purchase under this act if the current owner can demonstrate that the home was occupied as the owner's primary resi- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01907-02-1
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