S T A T E O F N E W Y O R K
________________________________________________________________________
3825
2011-2012 Regular Sessions
I N A S S E M B L Y
January 27, 2011
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Introduced by M. of A. FARRELL -- read once and referred to the Commit-
tee on Ways and Means
AN ACT to amend the public health law, in relation to payments from the
department of health New York city veterans home income fund
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 2 of section 409-a of the public health law is
amended by adding a new paragraph (e) to read as follows:
(E) PRIOR TO MAKING ANY TRANSFER PURSUANT TO PARAGRAPH (D) OF THIS
SUBDIVISION AND NOTWITHSTANDING PARAGRAPH (D) OF THIS SUBDIVISION, THE
COMPTROLLER, FROM ALL MONEYS IN THE FUND IN EXCESS OF THE AGGREGATE
AMOUNT OF MONEY REQUIRED TO BE MAINTAINED IN THE DEPARTMENT OF HEALTH
NEW YORK CITY VETERANS HOME INCOME FUND PURSUANT TO PARAGRAPH (C) OF
THIS SUBDIVISION, SHALL PAY OVER AND DEPOSIT IN, AND SHALL MAINTAIN ON
DEPOSIT IN, THE DEPARTMENT OF HEALTH INCOME FUND ESTABLISHED PURSUANT TO
SECTION FOUR HUNDRED NINE OF THIS TITLE, THE AGGREGATE AMOUNT OF MONEY
NEEDED BY THE DEPARTMENT DURING THE NEXT SUCCEEDING SIX CALENDAR MONTHS
TO COMPLY IN FULL WITH ALL OBLIGATIONS OF THE DEPARTMENT ALLOCABLE TO
THE NEW YORK STATE HOME FOR VETERANS IN THE CITY OF NEW YORK UNDER THE
TERMS OF EVERY LEASE, SUBLEASE OR AGREEMENT OF THE DEPARTMENT WITH THE
DORMITORY AUTHORITY WHICH (I) IS THEN IN EFFECT, INCLUDING WITHOUT LIMI-
TATION BY THE SPECIFICATION THEREOF, (A) THE AMOUNT NEEDED TO MAKE
RENTAL PAYMENTS THEREUNDER DURING SUCH SEMIANNUAL PERIOD, AND (B) THE
AMOUNT NEEDED TO ESTABLISH AND MAINTAIN RESERVES THEREUNDER DURING SUCH
PERIOD, AND (II) IS SECURED UNDER SUBDIVISION THREE OF SECTION FOUR
HUNDRED NINE OF THIS TITLE.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07306-01-1