S T A T E   O F   N E W   Y O R K
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                                  2470

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 23, 2015
                               ___________

Introduced by Sens. PERKINS, AVELLA, DILAN, KRUEGER, MONTGOMERY, PARKER,
  SAMPSON,  SERRANO  -- read twice and ordered printed, and when printed
  to be committed to the Committee on Housing, Construction and Communi-
  ty Development

AN ACT to amend the public housing law and the public  authorities  law,
  in relation to the New York city housing authority

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

  Section 1. The opening paragraph of subdivision 4 of  section  402  of
the  public  housing  law  is designated paragraph a and three new para-
graphs b, c and d are added to read as follows:
  B. THE CHAIRMAN AND THE OTHER MEMBERS OF THE AUTHORITY, INCLUDING  THE
ADDITIONAL  TENANT  MEMBER,  SHALL: (1) EXERCISE DIRECT OVERSIGHT OF THE
AUTHORITY'S CHIEF EXECUTIVE OFFICER OR GENERAL MANAGER AND OTHER  MANAG-
ERS  OR  SUPERVISORS  IN  THE  EFFECTIVE  AND  ETHICAL MANAGEMENT OF THE
AUTHORITY; (2) UNDERSTAND, REVIEW  AND  MONITOR  THE  IMPLEMENTATION  OF
FUNDAMENTAL  FINANCIAL AND MANAGEMENT CONTROLS AND OPERATIONAL DECISIONS
OF THE AUTHORITY; (3) ADOPT A CODE OF ETHICS FOR OFFICERS AND  EMPLOYEES
OF THE AUTHORITY CONSISTENT WITH SECTION EIGHT HUNDRED SIX OF THE GENER-
AL  MUNICIPAL  LAW;  (4)  PERFORM EACH OF THEIR DUTIES AS BOARD MEMBERS,
INCLUDING BUT NOT LIMITED TO THOSE IMPOSED  BY  THIS  SECTION,  IN  GOOD
FAITH  AND  WITH THAT DEGREE OF DILIGENCE, CARE AND SKILL WHICH AN ORDI-
NARILY PRUDENT PERSON IN LIKE POSITION WOULD USE UNDER  SIMILAR  CIRCUM-
STANCES,  AND  MAY TAKE INTO CONSIDERATION THE VIEWS AND POLICIES OF ANY
ELECTED OFFICIAL OR BODY, OR OTHER PERSON AND ULTIMATELY APPLY INDEPEND-
ENT JUDGMENT IN THE BEST INTEREST OF THE AUTHORITY, ITS MISSION AND  THE
PUBLIC.  AT  THE  TIME  THAT EACH MEMBER TAKES AND SUBSCRIBES HIS OR HER
OATH OF OFFICE, OR WITHIN SIXTY DAYS AFTER THE EFFECTIVE  DATE  OF  THIS
PARAGRAPH IF THE MEMBER HAS ALREADY TAKEN AND SUBSCRIBED HIS OR HER OATH
OF  OFFICE, EXECUTE AN ACKNOWLEDGMENT, IN A FORM CONSISTENT WITH THE ONE
PRESCRIBED BY THE NEW YORK INDEPENDENT AUTHORITIES BUDGET OFFICE  ESTAB-
LISHED  PURSUANT  TO  TITLE TWO OF ARTICLE ONE OF THE PUBLIC AUTHORITIES
LAW IN WHICH THE BOARD MEMBER ACKNOWLEDGES THAT HE  OR  SHE  UNDERSTANDS
HIS OR HER ROLE, AND FIDUCIARY RESPONSIBILITIES AS SET FORTH IN SUBPARA-

              

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01259-01-5

S. 2470                             2

GRAPH  FOUR  OF  THIS  PARAGRAPH, AND ACKNOWLEDGES THAT HE OR SHE UNDER-
STANDS HIS OR HER DUTY OF LOYALTY  AND  CARE  TO  THE  ORGANIZATION  AND
COMMITMENT TO THE AUTHORITY'S MISSION AND THE PUBLIC INTEREST.
  C.  ALL  BOARD MEMBERS, INCLUDING THE TENANT MEMBER, SHALL PARTICIPATE
IN TRAINING APPROVED BY THE INSPECTOR GENERAL OF THE AUTHORITY REGARDING
THEIR LEGAL, FIDUCIARY, FINANCIAL AND ETHICAL RESPONSIBILITIES AS DIREC-
TORS OF AN AUTHORITY WITHIN ONE YEAR OF APPOINTMENT TO THE BOARD.  BOARD
MEMBERS SHALL PARTICIPATE IN SUCH CONTINUING TRAINING AS MAY BE REQUIRED
TO  REMAIN  INFORMED OF BEST PRACTICES, REGULATORY AND STATUTORY CHANGES
RELATING TO THE EFFECTIVE OVERSIGHT  OF  THE  MANAGEMENT  AND  FINANCIAL
ACTIVITIES OF PUBLIC CORPORATIONS AND TO ADHERE TO THE HIGHEST STANDARDS
OF RESPONSIBLE GOVERNANCE.
  D.  NOTWITHSTANDING ANY LAWS TO THE CONTRARY, THE AUTHORITY SHALL NOT,
DIRECTLY OR INDIRECTLY, EXTEND  OR  MAINTAIN  CREDIT,  ARRANGE  FOR  THE
EXTENSION  OF  CREDIT, OR RENEW AN EXTENSION OF CREDIT, IN THE FORM OF A
PERSONAL LOAN TO OR FOR ANY OFFICER, BOARD MEMBER  OR  EMPLOYEE  OF  THE
AUTHORITY.
  S 2. Section 402 of the public housing law is amended by adding eleven
new subdivisions 10, 10-a, 11, 12, 13, 14, 15, 16, 17, 18 and 19 to read
as follows:
  10. DISPOSITION OF PROPERTY.  A. DEFINITIONS. FOR THE PURPOSES OF THIS
SUBDIVISION:
  (1) "AUTHORITIES BUDGET OFFICE" SHALL MEAN THE INDEPENDENT AUTHORITIES
BUDGET OFFICE ESTABLISHED PURSUANT TO SECTION FOUR OF THE PUBLIC AUTHOR-
ITIES LAW.
  (2)  "CITY  COMPTROLLER" SHALL MEAN THE COMPTROLLER OF THE CITY OF NEW
YORK.
  (3) "CONTRACTING OFFICER" SHALL MEAN THE OFFICER OR  EMPLOYEE  OF  THE
AUTHORITY  WHO  SHALL  BE  APPOINTED  BY  RESOLUTION OF THE BOARD OF THE
AUTHORITY TO BE RESPONSIBLE FOR THE DISPOSITION OF PROPERTY.
  (4) "DISPOSE", "DISPOSITION" OR "DISPOSAL" SHALL MEAN THE SALE,  LEASE
OR  TRANSFER  OF  TITLE  OR ANY OTHER BENEFICIAL INTEREST IN PERSONAL OR
REAL PROPERTY IN ACCORDANCE WITH PARAGRAPH C OF  THIS  SUBDIVISION,  AND
SHALL ALSO INCLUDE THE DEMOLITION OF REAL PROPERTY.
  (5) "MAYOR" SHALL MEAN THE MAYOR OF THE CITY OF NEW YORK.
  (6) "PROPERTY" SHALL MEAN PERSONAL PROPERTY IN EXCESS OF FIVE THOUSAND
DOLLARS  IN  VALUE, REAL PROPERTY, AND ANY INCHOATE OR OTHER INTEREST IN
SUCH PROPERTY, TO THE EXTENT THAT  SUCH  INTEREST  MAY  BE  CONVEYED  TO
ANOTHER PERSON FOR ANY PURPOSE, EXCLUDING AN INTEREST SECURING A LOAN OR
OTHER FINANCIAL OBLIGATION OF ANOTHER PARTY.
  B.  DUTIES  OF THE AUTHORITY WITH RESPECT TO THE DISPOSAL OF PROPERTY.
(1) THE AUTHORITY SHALL ADOPT  BY  RESOLUTION  COMPREHENSIVE  GUIDELINES
WHICH SHALL (A) DETAIL THE AUTHORITY'S OPERATIVE POLICY AND INSTRUCTIONS
REGARDING  THE  USE, AWARDING, MONITORING AND REPORTING OF CONTRACTS FOR
THE DISPOSAL OF PROPERTY, AND (B) DESIGNATE A PROPERTY MANAGEMENT  OFFI-
CER  WHO  SHALL  BE RESPONSIBLE FOR THE AUTHORITY'S COMPLIANCE WITH, AND
ENFORCEMENT OF, SUCH GUIDELINES.   SUCH GUIDELINES SHALL  BE  CONSISTENT
WITH, AND SHALL REQUIRE THE AUTHORITY'S DISPOSITION ACTIVITIES TO COMPLY
WITH  THIS  SUBDIVISION,  THE  AUTHORITY'S  ENABLING LEGISLATION AND ANY
OTHER APPLICABLE FEDERAL LAWS AND REGULATIONS FOR THE DISPOSAL OF  PROP-
ERTY, EXCEPT THAT SUCH GUIDELINES MAY BE STRICTER THAN THE PROVISIONS OF
THIS  SUBDIVISION,  THE  AUTHORITY'S  ENABLING LEGISLATION AND ANY OTHER
APPLICABLE FEDERAL LAWS AND REGULATIONS FOR THE DISPOSAL OF PROPERTY  IF
THE  AUTHORITY  DETERMINES  THAT  ADDITIONAL SAFEGUARDS ARE NECESSARY TO
ASSURE THE INTEGRITY OF ITS DISPOSITION ACTIVITIES. GUIDELINES  APPROVED
BY THE AUTHORITY SHALL BE ANNUALLY REVIEWED AND APPROVED BY THE BOARD OF

S. 2470                             3

THE  AUTHORITY. ON OR BEFORE THE THIRTY-FIRST DAY OF MARCH IN EACH YEAR,
THE AUTHORITY SHALL FILE WITH THE AUTHORITIES BUDGET OFFICE  A  COPY  OF
THE  GUIDELINES  MOST  RECENTLY  REVIEWED AND APPROVED BY THE AUTHORITY,
INCLUDING  THE  NAME  OF  THE AUTHORITY'S DESIGNATED PROPERTY MANAGEMENT
OFFICER. AT THE TIME OF FILING  SUCH  GUIDELINES  WITH  THE  AUTHORITIES
BUDGET  OFFICE,  THE  AUTHORITY  SHALL  ALSO POST SUCH GUIDELINES ON THE
AUTHORITY'S INTERNET WEBSITE.   GUIDELINES  POSTED  ON  THE  AUTHORITY'S
INTERNET  WEBSITE SHALL BE MAINTAINED ON SUCH WEBSITE AT LEAST UNTIL THE
PROCUREMENT GUIDELINES  FOR  THE  FOLLOWING  YEAR  ARE  POSTED  ON  SUCH
WEBSITE.
  (2) THE AUTHORITY SHALL:
  (A)  MAINTAIN  ADEQUATE  INVENTORY CONTROLS AND ACCOUNTABILITY SYSTEMS
FOR ALL PROPERTY UNDER ITS CONTROL;
  (B) PERIODICALLY INVENTORY SUCH PROPERTY TO DETERMINE  WHICH  PROPERTY
SHALL BE DISPOSED OF; AND
  (C)  PRODUCE  A  WRITTEN  REPORT  OF  SUCH PROPERTY IN ACCORDANCE WITH
SUBPARAGRAPH THREE OF THIS PARAGRAPH.
  (3) (A) THE AUTHORITY SHALL PUBLISH, AT LEAST ANNUALLY, A REPORT LIST-
ING ALL REAL PROPERTY OWNED, CONTROLLED OR OPERATED  BY  THE  AUTHORITY.
SUCH  REPORT  SHALL  INCLUDE A LIST AND FULL DESCRIPTION OF ALL PROPERTY
DISPOSED OF DURING SUCH PERIOD.  THE  REPORT  SHALL  CONTAIN  THE  PRICE
RECEIVED  BY  THE  AUTHORITY  AND THE NAME OF THE PURCHASER FOR ALL SUCH
PROPERTY DISPOSED OF BY THE AUTHORITY DURING SUCH PERIOD.
  (B) THE AUTHORITY SHALL DELIVER COPIES OF SUCH REPORT TO THE INDEPEND-
ENT AUTHORITIES BUDGET OFFICE, THE MAYOR, THE CITY COMPTROLLER, THE  NEW
YORK CITY COUNCIL AND THE STATE LEGISLATURE.
  C. DISPOSAL OF AUTHORITY PROPERTY. (1) EXCEPT AS OTHERWISE PROVIDED IN
THIS  SUBDIVISION,  THE  PROPERTY  MANAGEMENT  OFFICER DESIGNATED BY THE
AUTHORITY SHALL HAVE SUPERVISION OVER THE DISPOSITION OF PROPERTY OF THE
AUTHORITY.
  (2) THE CUSTODY AND CONTROL OF THE PROPERTY OF THE AUTHORITY,  PENDING
ITS  DISPOSITION,  AND THE DISPOSAL OF SUCH PROPERTY, SHALL BE PERFORMED
BY THE AUTHORITY.
  (3) SUBJECT TO SUBPARAGRAPH FIVE OF THIS PARAGRAPH, THE AUTHORITY  MAY
DISPOSE  OF  PROPERTY  FOR  NOT  LESS THAN THE FAIR MARKET VALUE OF SUCH
PROPERTY BY SALE, LEASE, EXCHANGE, OR TRANSFER,  FOR  CASH,  CREDIT,  OR
OTHER  PROPERTY, WITH OR WITHOUT WARRANTY, AND UPON SUCH OTHER TERMS AND
CONDITIONS AS THE AUTHORITY DEEMS PROPER, PROVIDED THAT SUCH  TERMS  AND
CONDITIONS  ARE CONSISTENT WITH INDUSTRY PRACTICES AND ARE COMPARABLE TO
TERMS AND  CONDITIONS  CONTAINED  IN  SIMILAR  AGREEMENTS  OR  CONTRACTS
BETWEEN  AND  BY  PRIVATE PARTIES, AND IT MAY EXECUTE SUCH DOCUMENTS FOR
THE TRANSFER OF TITLE OR OTHER INTEREST IN PROPERTY AND TAKE SUCH  OTHER
ACTION AS IT DEEMS NECESSARY OR PROPER TO DISPOSE OF SUCH PROPERTY UNDER
THE  PROVISIONS  OF THIS SUBDIVISION PROVIDED, HOWEVER, THAT NO DISPOSI-
TION OF REAL PROPERTY, OR ANY INTEREST IN REAL PROPERTY, SHALL  BE  MADE
UNLESS  AN  APPRAISAL  OF THE VALUE OF SUCH PROPERTY HAS BEEN MADE BY AN
INDEPENDENT APPRAISER AND INCLUDED IN THE  RECORD  OF  THE  TRANSACTION,
AND,  PROVIDED FURTHER, THAT NO DISPOSITION OF ANY OTHER PROPERTY, WHICH
BECAUSE OF ITS UNIQUE NATURE OR THE UNIQUE CIRCUMSTANCES OF THE PROPOSED
TRANSACTION IS NOT READILY VALUED BY REFERENCE TO AN ACTIVE  MARKET  FOR
SIMILAR PROPERTY, SHALL BE MADE WITHOUT A SIMILAR APPRAISAL.
  (4)  (A)  ALL  DISPOSALS  OR CONTRACTS FOR DISPOSAL OF PROPERTY OF THE
AUTHORITY MADE OR AUTHORIZED  BY  THE  AUTHORITY  SHALL  BE  MADE  AFTER
PUBLICLY  ADVERTISING  FOR BIDS EXCEPT AS PROVIDED IN CLAUSE (C) OF THIS
SUBPARAGRAPH.

S. 2470                             4

  (B) WHENEVER PUBLIC ADVERTISING FOR BIDS IS REQUIRED UNDER CLAUSE  (A)
OF THIS SUBPARAGRAPH:
  (I) THE ADVERTISEMENT FOR BIDS SHALL BE MADE AT SUCH TIME PRIOR TO THE
DISPOSAL OR CONTRACT, THROUGH SUCH METHODS, AND ON SUCH TERMS AND CONDI-
TIONS  AS  SHALL  PERMIT  FULL  AND FREE COMPETITION CONSISTENT WITH THE
VALUE AND NATURE OF THE PROPERTY;
  (II) ALL BIDS SHALL BE PUBLICLY DISCLOSED AT THE TIME AND PLACE STATED
IN THE ADVERTISEMENT; AND
  (III) THE AWARD SHALL BE MADE WITH REASONABLE PROMPTNESS BY NOTICE  TO
THE RESPONSIBLE BIDDER WHOSE BID, CONFORMING TO THE INVITATION FOR BIDS,
WILL  BE  MOST  ADVANTAGEOUS  TO  THE AUTHORITY, PRICE AND OTHER FACTORS
CONSIDERED; PROVIDED, THAT ALL BIDS MAY BE REJECTED WHEN IT  IS  IN  THE
PUBLIC INTEREST TO DO SO.
  (C) DISPOSALS AND CONTRACTS FOR DISPOSAL OF PROPERTY MAY BE NEGOTIATED
OR  MADE BY PUBLIC AUCTION WITHOUT REGARD TO CLAUSES (A) AND (B) OF THIS
SUBPARAGRAPH BUT SUBJECT TO OBTAINING SUCH COMPETITION  AS  IS  FEASIBLE
UNDER THE CIRCUMSTANCES, IF:
  (I)  THE  PERSONAL  PROPERTY  INVOLVED HAS QUALITIES SEPARATE FROM THE
UTILITARIAN PURPOSE OF SUCH PROPERTY, SUCH AS ARTISTIC QUALITY, ANTIQUI-
TY, HISTORICAL SIGNIFICANCE, RARITY, OR OTHER QUALITY OF SIMILAR EFFECT,
THAT WOULD TEND TO INCREASE ITS VALUE, OR IF THE PERSONAL PROPERTY IS TO
BE SOLD IN SUCH QUANTITY THAT, IF IT WERE DISPOSED OF UNDER CLAUSES  (A)
AND  (B) OF THIS SUBPARAGRAPH, WOULD ADVERSELY AFFECT THE STATE OR LOCAL
MARKET FOR SUCH PROPERTY, AND THE ESTIMATED FAIR MARKET  VALUE  OF  SUCH
PROPERTY  AND  OTHER  SATISFACTORY  TERMS OF DISPOSAL CAN BE OBTAINED BY
NEGOTIATION;
  (II) THE FAIR MARKET VALUE OF THE PROPERTY DOES NOT EXCEED FIFTY THOU-
SAND DOLLARS;
  (III) BID PRICES AFTER ADVERTISING THEREFOR ARE NOT REASONABLE, EITHER
AS TO ALL OR SOME PART OF THE PROPERTY, OR HAVE NOT  BEEN  INDEPENDENTLY
ARRIVED AT IN OPEN COMPETITION;
  (IV)  THE  DISPOSAL WILL BE TO THE STATE OR ANY POLITICAL SUBDIVISION,
AND THE ESTIMATED FAIR MARKET VALUE OF THE PROPERTY AND OTHER  SATISFAC-
TORY TERMS OF DISPOSAL ARE OBTAINED BY NEGOTIATION;
  (V)  UNDER  THOSE CIRCUMSTANCES PERMITTED BY SUBPARAGRAPH FIVE OF THIS
PARAGRAPH; OR
  (VI) SUCH ACTION IS OTHERWISE AUTHORIZED BY LAW.
  (D) (I) AN EXPLANATORY STATEMENT SHALL  BE  PREPARED  OF  THE  CIRCUM-
STANCES OF EACH DISPOSAL BY NEGOTIATION OF:
  (A)  ANY PERSONAL PROPERTY WHICH HAS AN ESTIMATED FAIR MARKET VALUE IN
EXCESS OF FIFTY THOUSAND DOLLARS;
  (B) ANY REAL PROPERTY THAT HAS  AN  ESTIMATED  FAIR  MARKET  VALUE  IN
EXCESS OF FIFTY THOUSAND DOLLARS;
  (C)  ANY REAL PROPERTY DISPOSED OF AT BELOW FAIR MARKET VALUE OR FOR A
NOMINAL PRICE.
  (II) EACH SUCH STATEMENT SHALL BE TRANSMITTED TO THE PERSONS  ENTITLED
TO  RECEIVE  COPIES  OF  THE  REPORT  REQUIRED UNDER PARAGRAPH B OF THIS
SUBDIVISION NOT LESS THAN NINETY DAYS IN ADVANCE OF SUCH DISPOSAL, AND A
COPY THEREOF SHALL BE PRESERVED IN THE FILES OF THE AUTHORITY.
  (5) (A) NO PROPERTY OWNED, LEASED OR OTHERWISE IN THE CONTROL  OF  THE
AUTHORITY  MAY BE SOLD, LEASED, OR OTHERWISE ALIENATED FOR LESS THAN ITS
FAIR MARKET VALUE EXCEPT:
  (I) IF THE PURCHASER, LESSEE OR TRANSFEREE IS A  GOVERNMENT  OR  OTHER
PUBLIC  ENTITY,  AND THE TERMS AND CONDITIONS OF THE DISPOSITION REQUIRE
THAT THE OWNERSHIP AND USE OF THE ASSET WILL REMAIN WITH THE  GOVERNMENT
OR ANY OTHER PUBLIC ENTITY; OR

S. 2470                             5

  (II)  IF  THE AUTHORITY SEEKS TO DISPOSE OF PROPERTY FOR LESS THAN ITS
FAIR MARKET VALUE TO OTHER THAN  A  GOVERNMENTAL  ENTITY  THE  AUTHORITY
SHALL  PROVIDE WRITTEN NOTIFICATION THEREOF TO THE MAYOR, THE CITY COMP-
TROLLER, THE STATE LEGISLATURE AND THE NEW YORK CITY COUNCIL.
  (B)  IN  THE  EVENT  A BELOW FAIR MARKET VALUE PROPERTY DISPOSITION IS
PROPOSED, THE FOLLOWING INFORMATION MUST BE PROVIDED TO THE  MAYOR,  THE
CITY  COMPTROLLER,  THE  STATE LEGISLATURE AND THE NEW YORK CITY COUNCIL
AND THE GENERAL PUBLIC:
  (I) A FULL DESCRIPTION OF THE PROPERTY;
  (II) AN APPRAISAL OF THE FAIR MARKET VALUE OF  THE  PROPERTY  AND  ANY
OTHER INFORMATION ESTABLISHING THE FAIR MARKET VALUE;
  (III)  A DESCRIPTION OF THE PURPOSE OF THE DISPOSITION AND A STATEMENT
OF THE KIND AND AMOUNT OF THE BENEFIT TO THE RESIDENTS OF  THE  AUTHORI-
TY'S  HOUSING  RESULTING FROM THE DISPOSITION, INCLUDING BUT NOT LIMITED
TO, THE BENEFITS, IF ANY, TO THE COMMUNITIES IN WHICH  THE  PROPERTY  IS
SITUATED;
  (IV) A STATEMENT OF THE FINANCIAL VALUE TO BE RECEIVED BY THE AUTHORI-
TY AND BY THE PRIVATE PARTIES PARTICIPATING OR OTHERWISE INVOLVED IN THE
PROPERTY  COMPARED  TO THE FAIR MARKET VALUE, INCLUDING THE PROJECTED OR
POTENTIAL VALUE OF ANY TAX CREDITS, EXEMPTIONS, GOVERNMENT SUBSIDIES  OR
GRANTS, OR REAL PROPERTY TAX ABATEMENTS GIVEN TO THE PRIVATE PARTIES;
  (V) THE NAMES OF ANY PRIVATE PARTIES PARTICIPATING IN THE DISPOSITION,
AND  IF  DIFFERENT THAN THE STATEMENT REQUIRED BY SUBCLAUSE (IV) OF THIS
CLAUSE, A STATEMENT OF THE VALUE TO THE PRIVATE PARTY;
  (VI) THE NAMES OF OTHER PRIVATE PARTIES WHO HAVE  MADE  AN  OFFER  FOR
SUCH PROPERTY, THE VALUE OFFERED, AND THE PURPOSE FOR WHICH THE PROPERTY
WAS SOUGHT TO BE USED; AND
  (VII) AN ANALYSIS COMPARING THE VALUE OR CONSIDERATION RECEIVED BY THE
AUTHORITY FOR A DISPOSITION OF AUTHORITY REAL PROPERTY WITH THE VALUE OR
CONSIDERATION THAT A PRIVATE PARTY PURCHASER OR LESSOR WOULD RECEIVE FOR
DISPOSING OF SIMILARLY-SITUATED OR COMPARABLE REAL PROPERTY AND EXPLAIN-
ING  THE  DIFFERENCES  OR  DISCREPANCIES BETWEEN TWO VALUES OR CONSIDER-
ATION.
  (C) BEFORE APPROVING THE DISPOSAL OF ANY PROPERTY FOR LESS  THAN  FAIR
MARKET  VALUE,  THE  BOARD  SHALL  CONSIDER THE INFORMATION DESCRIBED IN
CLAUSE (B) OF THIS SUBPARAGRAPH AND MAKE A  WRITTEN  DETERMINATION  THAT
THERE IS NO REASONABLE ALTERNATIVE TO THE PROPOSED BELOW-MARKET DISPOSI-
TION THAT WOULD ACHIEVE THE SAME PURPOSE OF SUCH DISPOSITION. THE DETER-
MINATION  SHALL  INCLUDE  THE  REASONS  FOR DISPOSING OF THE PROPERTY AT
BELOW FAIR MARKET VALUE.
  D. PUBLIC HEARINGS. (1) IN ADDITION TO THE  PUBLIC  HEARINGS  REQUIRED
PURSUANT  TO  FEDERAL  LAWS  AND  REGULATIONS,  THE AUTHORITY SHALL ALSO
CONDUCT AT LEAST ONE PUBLIC HEARING AT THE DEVELOPMENT,  PROJECT,  HOUSE
OR  SITE  IN  WHICH  THE  DISPOSITION  IS  BEING PLANNED OR PROPOSED, AS
FOLLOWS:
  (A) AT LEAST TEN DAYS PRIOR  TO  THE  DATE  WHEN  THE  APPLICATION  TO
DISPOSE OF THE AFFECTED PROPERTY IS PRESENTED TO THE AUTHORITY'S GOVERN-
ING  BOARD  FOR  APPROVAL. THE HEARING SHALL INCLUDE A FULL AND DETAILED
PRESENTATION ON THE APPRAISAL OF THE SUBJECT PROPERTY;
  (B) IF THE AUTHORITY MAKES A SIGNIFICANT AMENDMENT TO THE  APPLICATION
AT ANY TIME AFTER THE PUBLIC HEARING CONDUCTED PURSUANT TO CLAUSE (A) OF
THIS  SUBPARAGRAPH.  THE  AUTHORITY  MAY  NOT  SUBMIT  THE AMENDMENT AND
FORWARD THE AMENDED APPLICATION TO THE FEDERAL DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT UNTIL THE AUTHORITY HAS CONDUCTED A PUBLIC HEARING  ON
THE SIGNIFICANT AMENDMENT. FOR THE PURPOSES OF THIS CLAUSE, "SIGNIFICANT
AMENDMENT"  SHALL  MEAN:  ANY CHANGE TO THE APPLICATION THAT WILL IN ANY

S. 2470                             6

WAY IMPAIR, CHANGE OR  AFFECT  THE  RIGHTS  OF,  AND  BENEFITS  TO,  THE
AFFECTED  RESIDENTS,  THE AFFECTED HOUSING DEVELOPMENT OR PROJECT OR THE
RESIDENTS OF PUBLIC HOUSING; AND THAT IS NOT MERELY CORRECTING  A  TYPO-
GRAPHICAL ERROR, OR MAKING CONFORMING OR TECHNICAL AMENDMENTS; AND
  (C) WITHIN FIFTEEN DAYS AFTER THE AUTHORITY HAS RECEIVED APPROVAL FROM
THE  FEDERAL  DEPARTMENT OF HOUSING AND URBAN RENEWAL ON THE APPLICATION
TO DISPOSE OF THE PROPERTY. THE AUTHORITY SHALL  NOT  BE  AUTHORIZED  TO
IMPLEMENT  THE  APPROVED  APPLICATION UNTIL SUCH PUBLIC HEARING HAS BEEN
HELD.
  (2) THE AUTHORITY SHALL PROVIDE WRITTEN NOTICE IN A  MANNER  AND  FORM
SUFFICIENT  TO  INFORM  THE AFFECTED RESIDENTS, TENANT ORGANIZATIONS AND
THE PUBLIC AT LEAST TEN DAYS BEFORE THE DATE OF ANY  PUBLIC  HEARING  IS
CONDUCTED PURSUANT TO THIS PARAGRAPH.
  E.  BOARD ACTION. (1) AS A CONDITION FOR ITS SUBMISSION TO THE FEDERAL
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, THE APPLICATION TO  DISPOSE
OF  REAL  PROPERTY  SHALL  BE  APPROVED  BY THE MEMBERS OF THE AUTHORITY
PURSUANT TO A BOARD RESOLUTION, AS PROVIDED IN THIS PARAGRAPH.
  (2) THE RESOLUTION MUST BE DATED AFTER THE DATE OF THE  LAST  RESIDENT
MEETING AND AFTER THE DATE OF ANY LETTER OF SUPPORT FROM THE APPROPRIATE
GOVERNMENT  OFFICIALS  RELATING TO THE APPLICATION, AND SHALL SET FORTH,
AMONG OTHER THINGS:
  (A) THE DATES AND A DESCRIPTION OF THE  CONSULTATION  WITH  RESIDENTS,
TENANT ORGANIZATIONS AND OTHER INTERESTED PARTIES;
  (B) THE DATES AND A DESCRIPTION OF ANY CONSULTATION WITH LOCAL GOVERN-
MENT OFFICIALS; AND
  (C)  LETTERS  OF SUPPORT FROM THE APPROPRIATE TENANT ORGANIZATIONS AND
PUBLIC OFFICIALS.
  10-A. PROJECT TRACKING SYSTEM. A. THE AUTHORITY  SHALL  ESTABLISH  AND
MAINTAIN  A  SYSTEM TO TRACK, MONITOR AND ASSESS THE STATUS AND PROGRESS
OF ALL CAPITAL PROJECTS, AND ALL DISPOSITION PROJECTS  APPROVED  BY  THE
FEDERAL DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AND OF EVERY MAINTE-
NANCE  OR  REPAIR  PROJECT  PERFORMED BY THE DEPARTMENT. THE INFORMATION
CONTAINED IN ANY SUCH SYSTEM SHALL INCLUDE, AT A MINIMUM:
  (1) A DESCRIPTION OF THE PROJECT, INCLUDING ITS LOCATION;
  (2) THE CATEGORY OR TYPE OF REPAIR, IF APPLICABLE;
  (3) THE ORIGINAL START DATE;
  (4) THE ACTUAL START DATE, IF DIFFERENT THAN THE ORIGINAL START DATE;
  (5) THE ORIGINAL BUDGET;
  (6) THE CURRENT BUDGET;
  (7) THE FINAL COST OF THE PROJECT;
  (8) THE CURRENT PHASE OF THE PROJECT;
  (9) THE ORIGINAL COMPLETION DATE; AND
  (10) THE ACTUAL  COMPLETION  DATE,  IF  DIFFERENT  THAN  THE  ORIGINAL
COMPLETION DATE.
  B.  THE  SYSTEM  SHALL  BE OPEN AND AVAILABLE TO THE AUTHORITY'S RESI-
DENTS.  THE AUTHORITY SHALL ENSURE THAT THE INFORMATION CONTAINED IN THE
TRACKING SYSTEM IS AVAILABLE ON THE AUTHORITY'S WEBSITE.
  C. THE AUTHORITY SHALL ISSUE A  REPORT,  AT  LEAST  ANNUALLY,  SETTING
FORTH  AND  EXPLAINING THE INFORMATION CONTAINED IN THE TRACKING SYSTEM,
INCLUDING:
  (1) THE TOTAL NUMBER OF REQUESTS FOR  REPAIRS,  BROKEN  DOWN  BY  WORK
TYPES OR CATEGORIES;
  (2)  THE  TOTAL NUMBER OF PENDING OR OUTSTANDING PROJECTS, BROKEN DOWN
BY WORK TYPES OR CATEGORIES;
  (3) THE TOTAL NUMBER OF PROJECTS COMPLETED;

S. 2470                             7

  (4) THE AVERAGE NUMBER OF  DAYS  TO  COMPLETE  MAINTENANCE  OR  REPAIR
PROJECTS, BROKEN DOWN BY THE DIFFERENT WORK TYPES OR CATEGORIES;
  (5) THE TOTAL NUMBER OF MAINTENANCE AND REPAIR PROJECTS NOT COMPLETED,
BROKEN DOWN BY THE DIFFERENT WORK TYPES OR CATEGORIES;
  (6)  AN ESTIMATE OF THE NUMBER OF DAYS REQUIRED TO COMPLETE ALL OF THE
PROJECTS, INCLUDING ANY BACKLOGS;
  (7) AN EXPLANATION OR REASONS FOR ANY DELAYS IN THE  COMPLETION  OF  A
PROJECT IN A TIMELY MANNER; AND
  (8)  AN EXPLANATION OR REASONS WHY THE COSTS OF A PROJECT EXCEEDED THE
ORIGINAL BUDGET, IF APPLICABLE.
  11. REPORTING REQUIREMENTS.   A. THE AUTHORITY  SHALL  SUBMIT  TO  THE
INDEPENDENT  AUTHORITIES  BUDGET  OFFICE ESTABLISHED PURSUANT TO SECTION
FOUR OF THE PUBLIC AUTHORITIES LAW, THE MAYOR AND THE COMPTROLLER OF THE
CITY OF NEW YORK AND THE STATE LEGISLATURE, WITHIN NINETY DAYS AFTER THE
END OF ITS FISCAL YEAR, A COMPLETE AND DETAILED REPORT OR REPORTS TO THE
EXTENT THAT SUCH MATTERS ARE NOT FULLY  REPORTED  OR  DISCLOSED  IN  THE
ANNUAL  INDEPENDENT  AUDIT  REPORT  PURSUANT TO THIS SUBDIVISION SETTING
FORTH:  (1) ITS FINANCIAL REPORTS, INCLUDING (A) AUDITED  FINANCIALS  IN
ACCORDANCE  WITH  ALL  APPLICABLE  REGULATIONS  AND  FOLLOWING GENERALLY
ACCEPTED ACCOUNTING PRINCIPLES, (B)  GRANT  AND  SUBSIDY  PROGRAMS,  (C)
OPERATING  AND FINANCIAL RISKS, AND (D) LONG-TERM LIABILITIES, INCLUDING
LEASES AND EMPLOYEE BENEFIT PLANS;  (2)  A  COMPENSATION  SCHEDULE  THAT
SHALL  INCLUDE,  BY  POSITION, TITLE AND NAME OF THE PERSON HOLDING SUCH
POSITION OR TITLE, THE SALARY, COMPENSATION, ALLOWANCE  AND/OR  BENEFITS
PROVIDED  TO  ANY  OFFICER, DIRECTOR OR EMPLOYEE IN A DECISION MAKING OR
MANAGERIAL POSITION OF SUCH AUTHORITY WHOSE SALARY IS IN EXCESS  OF  ONE
HUNDRED  THOUSAND  DOLLARS;  (3) BIOGRAPHICAL INFORMATION, NOT INCLUDING
CONFIDENTIAL PERSONAL INFORMATION, FOR ALL DIRECTORS AND SENIOR  MANAGE-
MENT;  (4)  AN  ASSESSMENT  OF THE EFFECTIVENESS OF ITS INTERNAL CONTROL
STRUCTURE AND PROCEDURES; (5) A DESCRIPTION OF  THE  AUTHORITY  AND  ITS
BOARD  STRUCTURE,  INCLUDING  (A)  NAMES  OF  COMMITTEES  AND  COMMITTEE
MEMBERS, (B) LISTS OF BOARD MEETINGS AND ATTENDANCE, (C) DESCRIPTIONS OF
MAJOR AUTHORITY DIVISIONS, DEPARTMENTS AND BUREAUS, AND  (D)  THE  TOTAL
NUMBER  OF  FULL AND PART-TIME EMPLOYEES; (6) ITS BY-LAWS; (7) A LISTING
OF MATERIAL CHANGES IN OPERATIONS  AND  PROGRAMS  DURING  THE  REPORTING
YEAR;  (8)  AT  A  MINIMUM,  A FOUR-YEAR FINANCIAL PLAN, INCLUDING (A) A
CURRENT AND PROJECTED  CAPITAL  BUDGET,  AND  (B)  AN  OPERATING  BUDGET
REPORT,  INCLUDING  AN  ACTUAL VERSUS ESTIMATED BUDGET, WITH AN ANALYSIS
AND  MEASUREMENT  OF  FINANCIAL  AND  OPERATING   PERFORMANCE;   (9)   A
DESCRIPTION  OF  THE  TOTAL AMOUNTS OF ASSETS OR SERVICES OR BOTH ASSETS
AND SERVICES BOUGHT OR SOLD WITHOUT COMPETITIVE BIDDING,  INCLUDING  (A)
THE  NATURE OF THOSE ASSETS OR SERVICES, (B) THE NAMES OF THE PARTIES TO
THE TRANSACTION, AND (C) WHERE THE CONTRACT PRICE FOR ASSETS OR SERVICES
PURCHASED EXCEEDS FAIR MARKET VALUE, OR WHERE  THE  CONTRACT  PRICE  FOR
ASSETS  OR  SERVICES  SOLD  IS  LESS  THAN FAIR MARKET VALUE, A DETAILED
EXPLANATION OF THE JUSTIFICATION FOR MAKING THE PURCHASE OR SALE WITHOUT
COMPETITIVE BIDDING, AND A CERTIFICATION BY THE  CHAIRPERSON  AND  CHIEF
FINANCIAL  OFFICER OF THE AUTHORITY THAT THEY HAVE REVIEWED THE TERMS OF
SUCH PURCHASE OR SALE AND DETERMINED THAT IT  COMPLIES  WITH  APPLICABLE
LAW  AND  PROCUREMENT  GUIDELINES;  (10)  A  LIST AND DESCRIPTION OF THE
DISPOSITION PROJECTS UNDERTAKEN BY THE  AUTHORITY  IN  THE  PAST  FISCAL
YEAR, IN THE CURRENT FISCAL YEAR, AND IN THE FOLLOWING FISCAL YEAR; (11)
A  LIST  AND DESCRIPTION OF ALL REAL PROPERTY OWNED, CONTROLLED OR OPER-
ATED BY THE AUTHORITY, REGARDLESS OF SIZE OR  VALUE;  (12)  A  LIST  AND
DESCRIPTION  OF  ANY REAL PROPERTY ACQUIRED BY THE AUTHORITY FOR A PRICE
OF FIFTY THOUSAND DOLLARS OR MORE IN THE CURRENT FISCAL YEAR, REGARDLESS

S. 2470                             8

OF WHETHER THE PURCHASE WAS FOR CASH, MORTGAGE, IN-KIND SERVICES OR  ANY
OTHER  CONSIDERATION; (13) A LIST AND DESCRIPTION OF ANY OTHER ASSETS OR
PROPERTY, THE VALUE OF WHICH EXCEEDS TEN THOUSAND DOLLARS; (14)  A  LIST
AND  DESCRIPTION  OF  ANY  SERVICE OR EMPLOYMENT CONTRACTS, THE VALUE OF
WHICH EXCEEDS FIFTY THOUSAND DOLLARS, TO WHICH THE AUTHORITY IS A PARTY;
(15) THE EXTENT OF PARTICIPATION BY MINORITY AND WOMEN-OWNED ENTERPRISES
IN AUTHORITY CONTRACTS AND SERVICES; (16) EMPLOYMENT NUMBERS RELATING TO
THE AUTHORITY'S RESIDENT EMPLOYMENT PROGRAM  FOR  THE  REPORTING  FISCAL
YEAR, INCLUDING BUT NOT LIMITED TO, THE TOTAL NUMBER OF POSITIONS AVAIL-
ABLE, BROKEN DOWN BY THE TYPE OF JOBS; THE NUMBER OF APPLICANTS FOR EACH
POSITION; THE LENGTH OF EMPLOYMENT OF EACH POSITION; THE RATE OF PAY AND
BENEFITS  FOR  EACH  POSITION;  AND  THE NUMBER OF POSITIONS THAT LED TO
FULL-TIME EMPLOYMENT FOR PARTICIPATING RESIDENTS; AND (17) A DESCRIPTION
OF ANY MATERIAL PENDING LITIGATION IN WHICH THE AUTHORITY IS INVOLVED AS
A PARTY DURING THE REPORTING YEAR.
  B. (1) THE AUTHORITY SHALL MAKE ACCESSIBLE  TO  THE  PUBLIC,  VIA  ITS
OFFICIAL  WEB SITE, THE REPORT OR REPORTS REQUIRED PURSUANT TO PARAGRAPH
A OF THIS SUBDIVISION EXCEPT INFORMATION THAT IS EXEMPT FROM  DISCLOSURE
PURSUANT  TO ARTICLE SIX OF THE PUBLIC OFFICERS LAW. THE AUTHORITY SHALL
ALSO PREPARE AND MAKE ACCESSIBLE A SUMMARY IN PLAIN ENGLISH OF THE PRIN-
CIPAL INFORMATION IN ITS OPERATING AND CAPITAL BUDGET AND CONCLUSIONS TO
BE DRAWN FROM IT. ANY FINANCIAL INFORMATION REQUIRED TO BE POSTED ON THE
WEBSITE PURSUANT TO THE PROVISIONS OF THIS SECTION SHALL BE PRESENTED IN
A DOWNLOADABLE, SEARCHABLE FORMAT.
  (2) THE AUTHORITY SHALL ALSO PREPARE AND  MAKE  AVAILABLE  FOR  PUBLIC
INSPECTION  ON  ITS WEBSITE: (A) INFORMATION THAT DETAILS THE SOURCES OF
DATA AND THE ASSUMPTIONS AND METHODS OF ESTIMATION USED TO CALCULATE ALL
OPERATING AND CAPITAL  BUDGET  PROJECTIONS,  CONSISTENT  WITH  GENERALLY
ACCEPTED  BUDGETARY  PRACTICES;  (B) WITHIN SIXTY DAYS OF THE RELEASE OF
THE ADOPTED BUDGET, MONTHLY PROJECTIONS FOR THE CURRENT FISCAL  YEAR  OF
ALL REVENUE AND EXPENSES, AND STAFFING FOR THE AUTHORITY; (C) THE STATUS
OF  CAPITAL  PROJECTS  BY  CAPITAL ELEMENT, INCLUDING BUT NOT LIMITED TO
COMMITMENTS, EXPENDITURES AND COMPLETIONS; AND  (D)  AN  EXPLANATION  OF
MATERIAL  VARIANCES  FROM  THE  CAPITAL  PLAN, SUCH AS COST OVERRUNS AND
DELAYS.
  C. EVERY FINANCIAL REPORT SUBMITTED UNDER THIS  SUBDIVISION  SHALL  BE
APPROVED  BY  THE  BOARD  AND SHALL BE CERTIFIED IN WRITING BY THE CHIEF
EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER OF THE AUTHORITY  THAT
BASED ON THE OFFICER'S KNOWLEDGE (1) THE INFORMATION PROVIDED THEREIN IS
ACCURATE,  CORRECT AND DOES NOT CONTAIN ANY UNTRUE STATEMENT OF MATERIAL
FACT; (2) DOES NOT OMIT ANY MATERIAL FACT WHICH, IF OMITTED, WOULD CAUSE
THE FINANCIAL STATEMENTS TO BE MISLEADING IN LIGHT OF THE  CIRCUMSTANCES
UNDER  WHICH  SUCH  STATEMENTS  ARE MADE; AND (3) FAIRLY PRESENTS IN ALL
MATERIAL RESPECTS THE FINANCIAL CONDITION AND RESULTS OF  OPERATIONS  OF
THE  AUTHORITY  AS  OF,  AND FOR, THE PERIODS PRESENTED IN THE FINANCIAL
STATEMENTS.
  D. AT THE REQUEST OF THE AUTHORITY, THE AUTHORITIES BUDGET OFFICE  MAY
DETERMINE  THAT  THE  REPORTS,  RECORDS,  DATA AND ANY OTHER INFORMATION
SUBMITTED BY THE AUTHORITY PURSUANT TO  FEDERAL  LAWS,  RULES  OR  REGU-
LATIONS  FULLY  COMPLIES  WITH  OR  OTHERWISE  SATISFIES  THE  REPORTING
REQUIREMENTS SET FORTH  IN  THIS  SUBDIVISION.  THE  AUTHORITIES  BUDGET
OFFICE  SHALL  INFORM  THE  AUTHORITY OF ITS DETERMINATION AND MAY WAIVE
COMPLIANCE WITH PARAGRAPH A OF THIS SUBDIVISION OR SHALL  SPECIFY  THOSE
MATTERS  SET  FORTH  IN  SUCH  PARAGRAPH  A  THAT THE AUTHORITY SHALL BE
REQUIRED TO SUBMIT A REPORT ON. ANY DETERMINATION MADE BY  THE  AUTHORI-

S. 2470                             9

TIES  BUDGET  OFFICE  PURSUANT  TO THIS PARAGRAPH SHALL BE FINAL AND NOT
SUBJECT TO JUDICIAL REVIEW.
  12. ANNUAL INDEPENDENT AUDIT REPORT.  A. THE AUTHORITY SHALL SUBMIT TO
THE  INDEPENDENT  AUTHORITIES  BUDGET OFFICE ESTABLISHED PURSUANT TO THE
PUBLIC AUTHORITIES LAW, THE MAYOR AND COMPTROLLER OF  THE  CITY  OF  NEW
YORK,  AND  THE STATE LEGISLATURE, TOGETHER WITH THE REPORT DESCRIBED IN
SUBDIVISION ELEVEN OF THIS SECTION, A COPY  OF  THE  ANNUAL  INDEPENDENT
AUDIT REPORT, PERFORMED BY A CERTIFIED PUBLIC ACCOUNTING FIRM IN ACCORD-
ANCE  WITH  GENERALLY ACCEPTED AUDITING STANDARDS, AND MANAGEMENT LETTER
AND ANY OTHER EXTERNAL EXAMINATION OF THE  BOOKS  AND  ACCOUNTS  OF  THE
AUTHORITY.
  B.  THE CERTIFIED INDEPENDENT PUBLIC ACCOUNTING FIRM THAT PERFORMS ANY
AUDIT REQUIRED BY THIS SUBDIVISION SHALL  TIMELY  REPORT  TO  THE  BOARD
MEMBERS OF THE AUTHORITY: (1) ALL CRITICAL ACCOUNTING POLICIES AND PRAC-
TICES  TO  BE USED; (2) ALL ALTERNATIVE TREATMENTS OF FINANCIAL INFORMA-
TION WITHIN GENERALLY ACCEPTED  ACCOUNTING  PRINCIPLES  THAT  HAVE  BEEN
DISCUSSED  WITH  MANAGEMENT OFFICIALS OF THE AUTHORITY, RAMIFICATIONS OF
THE USE OF SUCH ALTERNATIVE DISCLOSURES AND TREATMENTS, AND  THE  TREAT-
MENT  PREFERRED BY THE CERTIFIED INDEPENDENT PUBLIC ACCOUNTING FIRM; AND
(3) OTHER MATERIAL WRITTEN COMMUNICATIONS BETWEEN  THE  CERTIFIED  INDE-
PENDENT PUBLIC ACCOUNTING FIRM AND THE MANAGEMENT OF THE AUTHORITY, SUCH
AS  THE  MANAGEMENT  LETTER  ALONG WITH MANAGEMENT'S RESPONSE OR PLAN OF
CORRECTIVE ACTION, MATERIAL CORRECTIONS IDENTIFIED OR SCHEDULE OF  UNAD-
JUSTED DIFFERENCES, WHERE APPLICABLE.
  C.  NOTWITHSTANDING  ANY  OTHER  PROVISION OF LAW TO THE CONTRARY, THE
CERTIFIED INDEPENDENT PUBLIC ACCOUNTING FIRM PROVIDING SUCH  AUTHORITY'S
ANNUAL  INDEPENDENT AUDIT WILL BE PROHIBITED IN PROVIDING AUDIT SERVICES
TO THE AUTHORITY IF THE LEAD (OR  COORDINATING)  AUDIT  PARTNER  (HAVING
PRIMARY  RESPONSIBILITY FOR THE AUDIT), OR THE AUDIT PARTNER RESPONSIBLE
FOR REVIEWING THE AUDIT, HAS PERFORMED AUDIT SERVICES FOR THE  AUTHORITY
IN EACH OF THE FIVE PREVIOUS FISCAL YEARS.
  D.  THE  CERTIFIED  INDEPENDENT  PUBLIC ACCOUNTING FIRM PERFORMING THE
AUTHORITY'S AUDIT SHALL BE  PROHIBITED  FROM  PERFORMING  ANY  NON-AUDIT
SERVICES  TO  SUCH  AUTHORITY  CONTEMPORANEOUSLY  WITH THE AUDIT, UNLESS
RECEIVING PREVIOUS WRITTEN APPROVAL BY THE BOARD  INCLUDING:  (1)  BOOK-
KEEPING OR OTHER SERVICES RELATED TO THE ACCOUNTING RECORDS OR FINANCIAL
STATEMENTS  OF  SUCH AUTHORITY; (2) FINANCIAL INFORMATION SYSTEMS DESIGN
AND IMPLEMENTATION; (3) APPRAISAL OR VALUATION SERVICES, FAIRNESS  OPIN-
IONS,  OR  CONTRIBUTION-IN-KIND  REPORTS;  (4)  ACTUARIAL  SERVICES; (5)
INTERNAL AUDIT OUTSOURCING SERVICES; (6) MANAGEMENT FUNCTIONS  OR  HUMAN
SERVICES;  (7) BROKER OR DEALER, INVESTMENT ADVISOR, OR INVESTMENT BANK-
ING SERVICES; AND (8) EXPERT SERVICES UNRELATED TO THE AUDIT.
  E. IT  SHALL  BE  PROHIBITED  FOR  ANY  CERTIFIED  INDEPENDENT  PUBLIC
ACCOUNTING  FIRM  TO  PERFORM FOR THE AUTHORITY ANY AUDIT SERVICE IF THE
CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, CHIEF ACCOUNTING OFFI-
CER, OR ANY OTHER PERSON SERVING  IN  AN  EQUIVALENT  POSITION  FOR  THE
AUTHORITY,  WAS EMPLOYED BY THAT CERTIFIED INDEPENDENT PUBLIC ACCOUNTING
FIRM AND PARTICIPATED IN ANY CAPACITY IN  THE  AUDIT  OF  THE  AUTHORITY
DURING  THE  ONE YEAR PERIOD PRECEDING THE DATE OF THE INITIATION OF THE
AUDIT.
  F. NOTWITHSTANDING ANY PROVISION OF LAW TO THE CONTRARY, THE AUTHORITY
MAY EXEMPT INFORMATION FROM DISCLOSURE OR REPORT, IF THE COUNSEL OF SUCH
AUTHORITY DEEMS THAT SUCH INFORMATION IS COVERED BY ARTICLE SIX  OF  THE
PUBLIC OFFICERS LAW.
  13.  WHISTLEBLOWER  PROTECTION.   A. FOR THE PURPOSES OF THIS SUBDIVI-
SION:

S. 2470                            10

  (1) "ATTORNEY GENERAL" SHALL MEAN THE ATTORNEY GENERAL OF THE STATE OF
NEW YORK.
  (2) "EMPLOYEES" MEANS THOSE PERSONS EMPLOYED AT THE AUTHORITY, INCLUD-
ING BUT NOT LIMITED TO: FULL-TIME AND PART-TIME EMPLOYEES, THOSE EMPLOY-
EES ON PROBATION, AND TEMPORARY EMPLOYEES.
  (3)  "INSPECTOR  GENERAL"  SHALL  MEAN  THE  INSPECTOR  GENERAL OF THE
AUTHORITY APPOINTED PURSUANT TO SUBDIVISION FIFTEEN OF THIS SECTION.
  (4) "WHISTLEBLOWER" SHALL MEAN  ANY  EMPLOYEE  OF  THE  AUTHORITY  WHO
DISCLOSES INFORMATION CONCERNING ACTS OF WRONGDOING, MISCONDUCT, MALFEA-
SANCE, OR OTHER INAPPROPRIATE BEHAVIOR BY AN EMPLOYEE OR BOARD MEMBER OF
THE  AUTHORITY, CONCERNING THE AUTHORITY'S INVESTMENTS, TRAVEL, ACQUISI-
TION OF REAL OR PERSONAL PROPERTY, THE DISPOSITION OF REAL  OR  PERSONAL
PROPERTY AND THE PROCUREMENT OF GOODS AND SERVICES.
  B.  THE  BOARD  OF  THE AUTHORITY SHALL ESTABLISH WRITTEN POLICIES AND
PROCEDURES PROTECTING EMPLOYEES FROM RETALIATION FOR DISCLOSING INFORMA-
TION CONCERNING ACTS OF WRONGDOING,  MISCONDUCT,  MALFEASANCE  OR  OTHER
INAPPROPRIATE  BEHAVIOR BY A BOARD MEMBER OR AN EMPLOYEE OF THE AUTHORI-
TY, INCLUDING BUT NOT LIMITED TO, INVESTMENTS, TRAVEL,  THE  ACQUISITION
OF  REAL PROPERTY, THE DISPOSITION OF REAL OR PERSONAL PROPERTY, AND THE
PROCUREMENT OF GOODS AND SERVICES.
  C. THE INSPECTOR GENERAL, AFTER CONSULTATION WITH THE ATTORNEY  GENER-
AL,  SHALL  DEVELOP  A WHISTLEBLOWER ACCESS AND ASSISTANCE PROGRAM WHICH
SHALL INCLUDE, BUT NOT BE LIMITED TO:
  (1) EVALUATING AND COMMENTING ON WHISTLEBLOWER PROGRAMS  AND  POLICIES
BY BOARD;
  (2)  ESTABLISHING TOLL-FREE TELEPHONE AND FACSIMILE LINES AVAILABLE TO
EMPLOYEES;
  (3) OFFERING ADVICE REGARDING EMPLOYEE RIGHTS UNDER  APPLICABLE  STATE
AND FEDERAL LAWS AND ADVICE AND OPTIONS AVAILABLE TO ALL PERSONS; AND
  (4) OFFERING AN OPPORTUNITY FOR EMPLOYEES TO IDENTIFY CONCERNS REGARD-
ING ANY ISSUE AT THE AUTHORITY.
  D.  ANY  COMMUNICATIONS  BETWEEN AN EMPLOYEE AND THE INSPECTOR GENERAL
PURSUANT TO THIS SUBDIVISION SHALL BE HELD STRICTLY CONFIDENTIAL BY  THE
INSPECTOR  GENERAL,  UNLESS  THE EMPLOYEE SPECIFICALLY WAIVES IN WRITING
THE RIGHT TO CONFIDENTIALITY, EXCEPT THAT SUCH CONFIDENTIALITY SHALL NOT
EXEMPT THE INSPECTOR GENERAL FROM  DISCLOSING  SUCH  INFORMATION,  WHERE
APPROPRIATE, TO ANY LAW ENFORCEMENT AUTHORITY.
  E. THE AUTHORITY SHALL NOT FIRE, DISCHARGE, DEMOTE, SUSPEND, THREATEN,
HARASS  OR  DISCRIMINATE  AGAINST  AN EMPLOYEE BECAUSE OF THE EMPLOYEE'S
ROLE AS A WHISTLEBLOWER, INSOFAR AS THE ACTIONS TAKEN  BY  THE  EMPLOYEE
ARE LEGAL.
  14. LOBBYING CONTACTS. A. AS USED IN THIS SUBDIVISION:
  (1)  "LOBBYIST" SHALL HAVE THE SAME MEANING AS DEFINED IN THE LEGISLA-
TIVE LAW.
  (2) "LOBBYING" SHALL MEAN AND INCLUDE, BUT  NOT  BE  LIMITED  TO,  ANY
ATTEMPT TO INFLUENCE:
  (A)  THE  ADOPTION  OR  REJECTION OF ANY RULE OR REGULATION HAVING THE
FORCE AND EFFECT OF LAW BY THE AUTHORITY; OR
  (B) ANY DETERMINATION INVOLVING OR RELATING TO ANY CONTRACTS OR AGREE-
MENTS IN ANY AMOUNT OF THE AUTHORITY, INCLUDING PROCUREMENT CONTRACTS.
  (3) "CONTACT" SHALL MEAN ANY CONVERSATION, IN PERSON OR BY  TELEPHONIC
OR OTHER REMOTE MEANS, OR CORRESPONDENCE BETWEEN ANY LOBBYIST ENGAGED IN
THE  ACT OF LOBBYING AND ANY PERSON WITHIN THE AUTHORITY WHO CAN MAKE OR
INFLUENCE A DECISION ON THE SUBJECT OF THE LOBBYING  ON  BEHALF  OF  THE
AUTHORITY, AND SHALL INCLUDE, AT A MINIMUM, ALL MEMBERS OF THE BOARD AND
ALL OFFICERS OF THE AUTHORITY.

S. 2470                            11

  B. THE AUTHORITY SHALL MAINTAIN A RECORD OF ALL LOBBYING CONTACTS MADE
WITH SUCH AUTHORITY.
  C.  EVERY  BOARD  MEMBER,  OFFICER OR EMPLOYEE OF THE AUTHORITY WHO IS
CONTACTED BY A LOBBYIST SHALL MAKE  A  CONTEMPORANEOUS  RECORD  OF  SUCH
CONTACT  CONTAINING THE DAY AND TIME OF THE CONTACT, THE IDENTITY OF THE
LOBBYIST AND A GENERAL SUMMARY OF THE SUBSTANCE OF THE CONTACT.
  D. THE AUTHORITY SHALL ADOPT A POLICY IMPLEMENTING THE REQUIREMENTS OF
THIS SUBDIVISION. SUCH POLICY SHALL APPOINT AN OFFICER TO WHOM ALL  SUCH
RECORDS SHALL BE DELIVERED. SUCH OFFICER SHALL MAINTAIN SUCH RECORDS FOR
NOT  LESS  THAN SEVEN YEARS IN A FILING SYSTEM DESIGNED TO ORGANIZE SUCH
RECORDS IN A MANNER SO AS TO  MAKE  SUCH  RECORDS  USEFUL  TO  DETERMINE
WHETHER  THE  DECISIONS  OF  THE  AUTHORITY  WERE INFLUENCED BY LOBBYING
CONTACTS.
  15. OFFICE OF INSPECTOR GENERAL.  A. ESTABLISHMENT  AND  ORGANIZATION.
(1)  THERE  IS HEREBY ESTABLISHED THE OFFICE OF THE INSPECTOR GENERAL IN
THE AUTHORITY. THE HEAD OF THE OFFICE SHALL BE THE INSPECTOR GENERAL WHO
SHALL BE APPOINTED BY, AND REPORT TO, THE COMMISSIONER OF THE DEPARTMENT
OF INVESTIGATION OF THE CITY OF NEW YORK.
  (2) THE INSPECTOR GENERAL SHALL HOLD OFFICE AT THE DISCRETION  OF  THE
COMMISSIONER  AND UNTIL HIS OR HER SUCCESSOR IS APPOINTED AND HAS QUALI-
FIED.
  (3) THE INSPECTOR GENERAL MAY APPOINT ONE OR  MORE  DEPUTY  INSPECTORS
GENERAL  TO  SERVE  AT HIS OR HER PLEASURE, WHO SHALL BE RESPONSIBLE FOR
CONDUCTING INVESTIGATIONS IN THE AUTHORITY.
  B. FUNCTIONS AND DUTIES. THE INSPECTOR GENERAL SHALL HAVE THE  FOLLOW-
ING DUTIES AND RESPONSIBILITIES:
  (1) RECEIVE AND INVESTIGATE COMPLAINTS FROM ANY SOURCE, OR UPON HIS OR
HER  OWN INITIATIVE, CONCERNING ALLEGATIONS OF CORRUPTION, FRAUD, CRIMI-
NAL ACTIVITY, CONFLICTS OF INTEREST OR ABUSE IN THE AUTHORITY;
  (2) INFORM THE BOARD AND CHIEF EXECUTIVE DIRECTOR OF SUCH  ALLEGATIONS
AND  THE  PROGRESS  OF  INVESTIGATIONS  RELATED  THERETO, UNLESS SPECIAL
CIRCUMSTANCES REQUIRE CONFIDENTIALITY;
  (3) DETERMINE WITH RESPECT TO SUCH  ALLEGATIONS  WHETHER  DISCIPLINARY
ACTION,  CIVIL  OR  CRIMINAL PROSECUTION, OR FURTHER INVESTIGATION BY AN
APPROPRIATE FEDERAL, STATE OR LOCAL AGENCY IS WARRANTED, AND  TO  ASSIST
IN SUCH INVESTIGATIONS;
  (4) PREPARE AND RELEASE TO THE PUBLIC WRITTEN REPORTS OF SUCH INVESTI-
GATIONS,  AS  APPROPRIATE AND TO THE EXTENT PERMITTED BY LAW, SUBJECT TO
REDACTION TO PROTECT THE CONFIDENTIALITY OF WITNESSES.  THE  RELEASE  OF
ALL OR PORTIONS OF SUCH REPORTS MAY BE DEFERRED TO PROTECT THE CONFIDEN-
TIALITY OF ONGOING INVESTIGATIONS;
  (5) REVIEW AND EXAMINE PERIODICALLY THE POLICIES AND PROCEDURES OF THE
AUTHORITY  WITH  REGARD  TO  THE PREVENTION AND DETECTION OF CORRUPTION,
FRAUD, CRIMINAL ACTIVITY, CONFLICTS OF INTEREST OR ABUSE;
  (6) RECOMMEND REMEDIAL ACTION  TO  PREVENT  OR  ELIMINATE  CORRUPTION,
FRAUD, CRIMINAL ACTIVITY, CONFLICTS OF INTEREST OR ABUSE;
  (7)  ESTABLISH  PROGRAMS FOR TRAINING AUTHORITY OFFICERS AND EMPLOYEES
REGARDING THE PREVENTION AND ELIMINATION OF CORRUPTION, FRAUD,  CRIMINAL
ACTIVITY, CONFLICTS OF INTEREST OR ABUSE IN COVERED AGENCIES.
  C. POWERS. THE INSPECTOR GENERAL SHALL HAVE THE POWER TO:
  (1) SUBPOENA AND ENFORCE THE ATTENDANCE OF WITNESSES;
  (2) ADMINISTER OATHS OR AFFIRMATIONS AND EXAMINE WITNESSES UNDER OATH;
  (3)  REQUIRE THE PRODUCTION OF ANY BOOKS AND PAPERS DEEMED RELEVANT OR
MATERIAL TO ANY INVESTIGATION, EXAMINATION OR REVIEW;

S. 2470                            12

  (4) NOTWITHSTANDING ANY LAW TO  THE  CONTRARY,  EXAMINE  AND  COPY  OR
REMOVE  DOCUMENTS OR RECORDS OF ANY KIND PREPARED, MAINTAINED OR HELD BY
THE AUTHORITY;
  (5)  REQUIRE  ANY OFFICER OR EMPLOYEE OF THE AUTHORITY TO ANSWER QUES-
TIONS CONCERNING ANY MATTER RELATED TO THE PERFORMANCE  OF  HIS  OR  HER
OFFICIAL DUTIES. NO STATEMENT OR OTHER EVIDENCE DERIVED THEREFROM MAY BE
USED  AGAINST SUCH OFFICER OR EMPLOYEE IN ANY SUBSEQUENT CRIMINAL PROSE-
CUTION OTHER THAN FOR PERJURY OR CONTEMPT ARISING FROM  SUCH  TESTIMONY.
THE  REFUSAL  OF  ANY  OFFICER  OR EMPLOYEE TO ANSWER QUESTIONS SHALL BE
CAUSE FOR REMOVAL FROM OFFICE OR EMPLOYMENT OR OTHER APPROPRIATE  PENAL-
TY;
  (6) MONITOR THE IMPLEMENTATION BY THE AUTHORITY OF ANY RECOMMENDATIONS
MADE BY THE INSPECTOR GENERAL;
  (7)  PERFORM  ANY OTHER FUNCTIONS THAT ARE NECESSARY OR APPROPRIATE TO
FULFILL THE DUTIES AND RESPONSIBILITIES OF OFFICE.
  D. RESPONSIBILITIES OF AUTHORITY OFFICERS AND EMPLOYEES. EVERY OFFICER
OR EMPLOYEE OF THE AUTHORITY SHALL  REPORT  PROMPTLY  TO  THE  INSPECTOR
GENERAL ANY INFORMATION CONCERNING CORRUPTION, FRAUD, CRIMINAL ACTIVITY,
CONFLICTS  OF INTEREST OR ABUSE BY ANOTHER AUTHORITY OFFICER OR EMPLOYEE
RELATING TO HIS OR HER OFFICE OR EMPLOYMENT, OR BY A PERSON HAVING BUSI-
NESS DEALINGS WITH THE AUTHORITY RELATING TO THOSE DEALINGS. THE KNOWING
FAILURE OF ANY OFFICER OR EMPLOYEE TO  SO  REPORT  SHALL  BE  CAUSE  FOR
REMOVAL  FROM  OFFICE  OR  EMPLOYMENT  OR OTHER APPROPRIATE PENALTY. ANY
OFFICER OR EMPLOYEE WHO ACTS PURSUANT TO THIS SUBDIVISION  BY  REPORTING
TO  THE  INSPECTOR  GENERAL  IMPROPER  GOVERNMENTAL  ACTION SHALL NOT BE
SUBJECT TO DISMISSAL, DISCIPLINE OR OTHER ADVERSE PERSONNEL ACTION.
  16. FINANCIAL DISCLOSURE.  NOTWITHSTANDING ANY OTHER PROVISIONS OF LAW
TO THE CONTRARY, BOARD MEMBERS, OFFICERS, AND EMPLOYEES OF THE AUTHORITY
SHALL FILE ANNUAL FINANCIAL DISCLOSURE STATEMENTS AS REQUIRED BY SECTION
12-110 OF THE ADMINISTRATIVE CODE OF THE CITY OF NEW YORK.
  17. COMPLIANCE WITH BUILDING CODES.   HOUSING AND OTHER  BUILDINGS  OR
STRUCTURES THAT ARE OWNED, CONTROLLED OR OPERATED BY THE AUTHORITY SHALL
BE  MAINTAINED  IN  ACCORDANCE WITH THE BUILDING CODE OF THE CITY OF NEW
YORK. SUCH CITY SHALL ENFORCE THE BUILDING CODE WITH RESPECT  TO  BUILD-
INGS  AND  STRUCTURES  OF THE AUTHORITY PURSUANT TO THE CITY CHARTER AND
THE ADMINISTRATIVE CODE OF THE CITY OF NEW YORK.
  18. TENANT ASSISTANCE. A. FOR THE PURPOSES OF THIS SUBDIVISION:
  (1) "CCOP" SHALL MEAN THE  CITYWIDE  COUNCIL  OF  PRESIDENTS,  A  BODY
ESTABLISHED BY THE AUTHORITY CONSISTING OF EVERY PRESIDENT OF A RESIDENT
ASSOCIATION RECOGNIZED BY THE AUTHORITY; AND
  (2)  "RAB" SHALL MEAN A RESIDENT ADVISORY BOARD, A BOARD CONSISTING OF
AUTHORITY RESIDENTS, REQUIRED TO  BE  ESTABLISHED  PURSUANT  TO  FEDERAL
RULES AND REGULATIONS.
  B. AT THE BEGINNING OF EVERY CALENDAR YEAR, THE AUTHORITY SHALL INFORM
THE CCOP EXECUTIVE BOARD REGARDING, AND MAKE AVAILABLE TO SUCH EXECUTIVE
BOARD,  THE  AMOUNT  OF  FEDERAL  FUNDS APPROPRIATED OR ALLOCATED TO, OR
OTHERWISE HELD BY, THE AUTHORITY FOR THE PURPOSES OF PROVIDING TECHNICAL
ASSISTANCE OR EDUCATION TO THE RESIDENTS OR  RESIDENT  ORGANIZATIONS  OF
THE AUTHORITY.
  C. (1) THE CCOP EXECUTIVE BOARD SHALL EXPEND OR USE SUCH FUNDS TO: (A)
RETAIN  OR  EMPLOY  HOUSING  AND REAL ESTATE EXPERTS, SUCH AS ATTORNEYS,
ACCOUNTANTS, FINANCIAL ADVISORS, REAL PROPERTY  APPRAISERS,  TO  PROVIDE
ADVICE,  COUNSEL  AND OTHER ASSISTANCE TO AFFECTED RESIDENTS OR RESIDENT
ASSOCIATIONS OR ORGANIZATIONS ON ANY REAL PROPERTY DEMOLITION OR  DISPO-
SITION  PROJECT  PLANNED  OR  PROPOSED  BY THE AUTHORITY; OR (B) FOR ANY
OTHER EXPENDITURES AUTHORIZED IN APPLICABLE LAWS, RULES AND REGULATIONS.

S. 2470                            13

  (2) THE CCOP EXECUTIVE BOARD SHALL INFORM EACH RAB OF THE AVAILABILITY
OF SUCH EXPERTS AND ANY OTHER RESOURCES. AT THE REQUEST OF  A  RAB,  THE
CCOP  EXECUTIVE BOARD SHALL MAKE SUCH EXPERTS AND OTHER RESOURCES AVAIL-
ABLE TO ANY RAB AFFECTED BY A PLANNED OR  PROPOSED  DISPOSITION  BY  THE
AUTHORITY.
  (3)  SUCH  EXPERTS SHALL BE PAID DIRECTLY FROM THE FUNDS APPROPRIATED,
ALLOCATED OR HELD FOR SUCH PURPOSE, AND SHALL  REPORT  DIRECTLY  TO  THE
CCOP EXECUTIVE BOARD.
  D.  AT  THE  END  OF THE CALENDAR YEAR, THE CCOP EXECUTIVE BOARD SHALL
PREPARE AND SUBMIT A REPORT TO THE AUTHORITY  SETTING  FORTH  THE  TOTAL
AMOUNT  OF  FUNDS  THAT  WERE  EXPENDED  DURING  THE CALENDAR YEAR AND A
DETAILED ACCOUNT ON HOW SUCH FUNDS WERE EXPENDED.
  19. SOLE SOURCE CONTACTS.   A. THE AUTHORITY  SHALL  NOTIFY  THE  CITY
COMPTROLLER  OF  THE  CITY OF NEW YORK OF ANY CONTRACTS OR CATEGORIES OF
CONTRACTS, THE VALUE OF WHICH EXCEEDS ONE  MILLION  DOLLARS,  WHERE  THE
CONTRACT  OR  CATEGORIES  OF  CONTRACTS IS PROPOSED TO BE AWARDED BY THE
AUTHORITY TO A SINGLE SOURCE, A SOLE SOURCE OR  PURSUANT  TO  ANY  OTHER
METHOD  OF  PROCUREMENT  THAT  IS NOT COMPETITIVE.   NOTWITHSTANDING ANY
PROVISIONS OF LAW TO  THE  CONTRARY,  SUCH  CONTRACT  OR  CATEGORIES  OF
CONTRACTS  ARE  SUBJECT  TO THE APPROVAL OF SUCH CITY COMPTROLLER.  SUCH
NOTIFICATION SHALL IDENTIFY THE PROCESS FOR SUBMISSION, THE CONTRACT  OR
CATEGORIES  OF  CONTRACTS  AT  ISSUE  AND THE TIME PERIOD FOR WHICH SUCH
SUBMISSION IS TO TAKE PLACE. THE CITY COMPTROLLER SHALL PROMULGATE  SUCH
RULES  AND  REGULATIONS  AS  MAY  BE  NECESSARY  TO CARRY OUT HIS OR HER
RESPONSIBILITIES UNDER THIS SUBDIVISION, INCLUDING BUT  NOT  LIMITED  TO
THE  STANDARDS FOR DETERMINING WHICH CONTRACTS WILL BE SUBJECT TO HIS OR
HER REVIEW AND FOR APPROVING SUCH CONTRACTS.
  B. WHERE THE CITY COMPTROLLER, PURSUANT TO PARAGRAPH A OF THIS  SUBDI-
VISION,  HAS  NOTIFIED  THE  AUTHORITY  THAT  A  CONTRACT OR CATEGORY OF
CONTRACTS IS SUBJECT TO HIS OR HER APPROVAL, IF THE COMPTROLLER HAS  NOT
APPROVED  OR  DISAPPROVED  ANY  CONTRACT  SUBJECT TO HIS OR HER APPROVAL
WITHIN NINETY DAYS OF SUBMISSION TO HIS OR  HER  OFFICE,  SUCH  CONTRACT
SHALL BECOME VALID AND ENFORCEABLE WITHOUT SUCH APPROVAL.
  C.  THIS SUBDIVISION SHALL NOT APPLY TO CONTRACTS ENTERED INTO FOR THE
PROCUREMENT OF GOODS, SERVICES OR BOTH GOODS AND SERVICES MADE  TO  MEET
EMERGENCIES ARISING FROM UNFORESEEN CAUSES OR TO EFFECT REPAIRS TO CRIT-
ICAL  INFRASTRUCTURE THAT ARE NECESSARY TO AVOID A DELAY IN THE DELIVERY
OF CRITICAL SERVICES THAT COULD COMPROMISE TENANT OR  PUBLIC  SAFETY  OR
WELFARE.
  S 3. Section 1678 of the public authorities law is amended by adding a
new subdivision 29 to read as follows:
  29.  TO  ENTER  INTO  A CONSTRUCTION MANAGEMENT AGREEMENT WITH THE NEW
YORK CITY HOUSING AUTHORITY, PURSUANT TO WHICH ONE  OR  MORE  BUILDINGS,
FACILITIES  OR  STRUCTURES OWNED, CONTROLLED OR OPERATED BY THE NEW YORK
CITY HOUSING AUTHORITY LOCATED IN  THE  CITY  OF  NEW  YORK  ARE  TO  BE
CONSTRUCTED,  RECONSTRUCTED,  REHABILITATED, IMPROVED, MODERNIZED, RENO-
VATED OR EXPANDED FOR SUCH AUTHORITY.
  S 4. Severability. If any clause, sentence, paragraph, section or part
of this act shall be adjudged by any court of competent jurisdiction  to
be  invalid,  the  judgment  shall not affect, impair, or invalidate the
remainder thereof, but shall be confined in its operation to the clause,
sentence, paragraph, section or part thereof directly  involved  in  the
controversy in which the judgment shall have been rendered.
  S  5.  This  act shall take effect on the ninetieth day after it shall
have become a law, provided, however, that  effective  immediately,  the
addition,  amendment  and/or  repeal of any rule or regulation necessary

S. 2470                            14

for the implementation of this act on its effective date  is  authorized
to be made and completed on or before such date.