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Assembly Bill A8600

2023-2024 Legislative Session

Increases the amount an eligible applicant may spend for approved administrative costs associated with administering the access to home program

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Archive: Last Bill Status - In Assembly Committee

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2023-A8600 (ACTIVE) - Details

See Senate Version of this Bill:
S7863
Current Committee:
Assembly Ways And Means
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §1202, Priv Hous Fin L

2023-A8600 (ACTIVE) - Summary

Increases the amount an eligible applicant may spend for approved administrative costs associated with administering the access to home program.

2023-A8600 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8600
 
                           I N  A S S E M B L Y
 
                             January 12, 2024
                                ___________
 
 Introduced  by M. of A. WOERNER -- read once and referred to the Commit-
   tee on Housing
 
 AN ACT to amend the private housing finance law, in relation to increas-
   ing the amount an eligible applicant may spend for  approved  adminis-
   trative costs associated with administering the access to home program
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 3  of  section  1202  of  the  private  housing
 finance  law, as added by chapter 159 of the laws of 2006, is amended to
 read as follows:
   3. The corporation may authorize the eligible applicant to spend up to
 [seven and a half] TEN percent  of  the  contract  amount  for  approved
 administrative costs associated with administering the program.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13932-01-3

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