Assembly Bill A9249

2021-2022 Legislative Session

Establishes the Hurricane Ida relief fund and recovery program

download bill text pdf

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Archive: Last Bill Status - In Assembly 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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2021-A9249 (ACTIVE) - Details

See Senate Version of this Bill:
S8135
Current Committee:
Assembly Governmental Operations
Law Section:
State Finance Law
Laws Affected:
Add §99-oo, St Fin L; add §29-l, Exec L

2021-A9249 (ACTIVE) - Summary

Establishes the Hurricane Ida relief fund and recovery program; provides financial assistance as compensation/reimbursement for property damage for uninsured or underinsured property not otherwise eligible for FEMA assistance or other federal, state or local disaster relief programs.

2021-A9249 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9249
 
                           I N  A S S E M B L Y
 
                             February 9, 2022
                                ___________
 
 Introduced  by  M. of A. OTIS -- read once and referred to the Committee
   on Governmental Operations
 
 AN ACT to amend the state finance law and the executive law, in relation
   to establishing the "Hurricane Ida relief program"
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  The  state finance law is amended by adding a new section
 99-oo to read as follows:
   § 99-OO. HURRICANE IDA RELIEF PROGRAM FUND. 1. THERE IS HEREBY  ESTAB-
 LISHED IN THE JOINT CUSTODY OF THE STATE COMPTROLLER AND THE COMMISSION-
 ER  OF TAXATION AND FINANCE A SPECIAL FUND TO BE KNOWN AS THE "HURRICANE
 IDA RELIEF PROGRAM FUND" TO BE  ADMINISTERED  IN  ACCORDANCE  WITH  THIS
 SECTION AND SECTION TWENTY-NINE-L OF THE EXECUTIVE LAW.
   2.  THE  HURRICANE IDA RELIEF PROGRAM FUND SHALL CONSIST OF ALL MONEYS
 RECEIVED THEREFOR, INCLUDING BUT NOT LIMITED TO APPROPRIATIONS, MONETARY
 GRANTS, GIFTS OR BEQUESTS RECEIVED BY THE STATE FOR THE PURPOSES OF  THE
 FUND,  AND  ALL  OTHER  MONEYS  CREDITED OR TRANSFERRED THERETO FROM ANY
 OTHER FUND OR SOURCE; PROVIDED, HOWEVER, SUCH FUND SHALL NOT COLLECT NOR
 EXPEND MORE THAN FIFTY MILLION DOLLARS IN TOTAL.   MONEYS OF  SUCH  FUND
 SHALL BE EXPENDED ONLY FOR HURRICANE IDA RELIEF FINANCIAL ASSISTANCE AND
 DISASTER RELIEF SERVICES IN ACCORDANCE WITH SECTION TWENTY-NINE-L OF THE
 EXECUTIVE LAW.
   3.  MONEYS  IN  SUCH FUND SHALL BE KEPT SEPARATE FROM AND SHALL NOT BE
 COMMINGLED WITH ANY OTHER MONEYS IN THE CUSTODY OF  THE  COMPTROLLER  OR
 THE  COMMISSIONER  OF  TAXATION  AND FINANCE. ANY MONEYS OF THE FUND NOT
 REQUIRED FOR IMMEDIATE USE MAY, AT THE DISCRETION OF THE COMPTROLLER, IN
 CONSULTATION WITH THE DIRECTOR OF THE BUDGET, BE INVESTED BY  THE  COMP-
 TROLLER  IN  OBLIGATIONS  OF THE UNITED STATES OR THE STATE, OR IN OBLI-
 GATIONS THE PRINCIPAL AND INTEREST ON WHICH ARE GUARANTEED BY THE UNITED
 STATES OR BY THE STATE. ANY INCOME EARNED  BY  THE  INVESTMENT  OF  SUCH
 MONEYS  SHALL BE ADDED TO AND BECOME A PART OF AND SHALL BE USED FOR THE
 PURPOSES OF SUCH FUND.
   4. MONEY EXPENDED FROM SUCH FUND SHALL BE USED TO SUPPLEMENT  AND  NOT
 SUPPLANT  OR  REPLACE  ANY  OTHER  AVAILABLE  RECOVERY  OR RELIEF FUNDS,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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