senate Bill S7278A

Signed By Governor
2011-2012 Legislative Session

Relates to funding of contracts of neighborhood preservation companies and not-for-profit corporations

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A9843 - Signed by Governor


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

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Actions

view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 01, 2012 signed chap.295
Jul 20, 2012 delivered to governor
Jun 19, 2012 returned to assembly
passed senate
3rd reading cal.1367
substituted for s7278a
Jun 19, 2012 substituted by a9843a
ordered to third reading cal.1367
committee discharged and committed to rules
Jun 04, 2012 reported and committed to finance
May 16, 2012 print number 7278a
amend and recommit to housing, construction and community development
May 02, 2012 referred to housing, construction and community development

Votes

view votes

Jun 19, 2012 - Rules committee Vote

S7278A
24
0
committee
24
Aye
0
Nay
0
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Rules committee vote details

Jun 4, 2012 - Housing, Construction and Community Development committee Vote

S7278A
8
0
committee
8
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Housing, Construction and Community Development committee vote details

Housing, Construction and Community Development Committee Vote: Jun 4, 2012

S7278 - Details

See Assembly Version of this Bill:
A9843A
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §§902, 903, 904, 1002, 1003 & 1004, add §§910 & 1011, Priv Hous Fin L

S7278 - Summary

Relates to funding of contracts of neighborhood preservation companies and not-for-profit corporations.

S7278 - Sponsor Memo

S7278 - Bill Text download pdf

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

                                  7278

                            I N  S E N A T E

                               May 2, 2012
                               ___________

Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Housing, Construction  and
  Community Development

AN  ACT  to  amend  the  private housing finance law, in relation to the
  funding for contracts of neighborhood preservation companies and  not-
  for-profit corporations

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

  Section 1. Section 902 of the private housing finance law  is  amended
by adding two new subdivisions 7 and 8 to read as follows:
  7.  "MERGED  COMPANY"  SHALL  MEAN A NEIGHBORHOOD PRESERVATION COMPANY
MAINTAINING A CONTRACT PURSUANT TO SECTION NINE HUNDRED  THREE  OF  THIS
ARTICLE  THAT HAS UNDERGONE A MERGER WITH ONE OR MORE OTHER NEIGHBORHOOD
PRESERVATION COMPANIES, WHICH IS ALSO MAINTAINING A CONTRACT PURSUANT TO
SECTION NINE HUNDRED THREE OF THIS ARTICLE,  THAT  HAS  LED  THE  MERGED
COMPANIES  TO  REDUCE  THE NUMBER OF CONTRACTS BEING MAINTAINED WITH THE
DIVISION PURSUANT TO SECTION NINE HUNDRED THREE OF  THIS  ARTICLE  TO  A
TOTAL OF ONE.
  8.  "UNMERGED  COMPANY" SHALL MEAN A NEIGHBORHOOD PRESERVATION COMPANY
THAT IS NOT A MERGED COMPANY.
  S 2. Subdivision 5 of section 902 of the private housing finance  law,
as  amended  by  chapter  668 of the laws of 1985, is amended to read as
follows:
  5.  "Neighborhood  preservation  activities"  shall  mean   activities
engaged  in  by  a  neighborhood preservation company within a geograph-
ically defined neighborhood of a municipality, PROVIDED,  HOWEVER,  THAT
THE  DIVISION  MAY FUND A NEIGHBORHOOD PRESERVATION COMPANY TO ENGAGE IN
SUCH ACTIVITIES IN UNSERVED AND UNDERSERVED AREAS  OF  THE  MUNICIPALITY
LYING  OUTSIDE  OF  ITS INITIALLY DESIGNATED NEIGHBORHOOD AREA, THAT ARE
designed  (a)  to  construct,  maintain,  preserve,  repair,   renovate,
upgrade,  improve,  modernize,  rehabilitate  or  otherwise  prolong the
useful life and to manage and coordinate the rehabilitation of  residen-
tial  dwelling accommodations within such neighborhood, to restore aban-
doned and vacant as well as occupied housing accommodations to habitable

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

S7278A (ACTIVE) - Details

See Assembly Version of this Bill:
A9843A
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §§902, 903, 904, 1002, 1003 & 1004, add §§910 & 1011, Priv Hous Fin L

S7278A (ACTIVE) - Summary

Relates to funding of contracts of neighborhood preservation companies and not-for-profit corporations.

S7278A (ACTIVE) - Sponsor Memo

S7278A (ACTIVE) - Bill Text download pdf

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

                                 7278--A

                            I N  S E N A T E

                               May 2, 2012
                               ___________

Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Housing, Construction  and
  Community  Development  -- committee discharged, bill amended, ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the private housing finance  law,  in  relation  to  the
  funding  for contracts of neighborhood preservation companies and not-
  for-profit corporations

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

  Section  1.  Section 902 of the private housing finance law is amended
by adding two new subdivisions 7 and 8 to read as follows:
  7. "MERGED COMPANY" SHALL MEAN  A  NEIGHBORHOOD  PRESERVATION  COMPANY
MAINTAINING  A  CONTRACT  PURSUANT TO SECTION NINE HUNDRED THREE OF THIS
ARTICLE THAT HAS UNDERGONE A MERGER WITH ONE OR MORE OTHER  NEIGHBORHOOD
PRESERVATION COMPANIES, WHICH IS ALSO MAINTAINING A CONTRACT PURSUANT TO
SECTION  NINE  HUNDRED  THREE  OF  THIS ARTICLE, THAT HAS LED THE MERGED
COMPANIES TO REDUCE THE NUMBER OF CONTRACTS BEING  MAINTAINED  WITH  THE
DIVISION  PURSUANT  TO  SECTION  NINE HUNDRED THREE OF THIS ARTICLE TO A
TOTAL OF ONE.
  8. "UNMERGED COMPANY" SHALL MEAN A NEIGHBORHOOD  PRESERVATION  COMPANY
THAT IS NOT A MERGED COMPANY.
  S  2. Subdivision 5 of section 902 of the private housing finance law,
as amended by chapter 668 of the laws of 1985, is  amended  to  read  as
follows:
  5.   "Neighborhood  preservation  activities"  shall  mean  activities
engaged in by a neighborhood preservation  company  within  a  geograph-
ically  defined  neighborhood of a municipality, PROVIDED, HOWEVER, THAT
THE DIVISION MAY FUND A NEIGHBORHOOD PRESERVATION COMPANY TO  ENGAGE  IN
SUCH  ACTIVITIES  IN  UNSERVED AND UNDERSERVED AREAS OF THE MUNICIPALITY
LYING OUTSIDE OF ITS INITIALLY DESIGNATED NEIGHBORHOOD  AREA,  THAT  ARE
designed   (a)  to  construct,  maintain,  preserve,  repair,  renovate,
upgrade, improve,  modernize,  rehabilitate  or  otherwise  prolong  the
useful  life and to manage and coordinate the rehabilitation of residen-
tial dwelling accommodations within such neighborhood, to restore  aban-

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

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