Senate Bill S5366A

2015-2016 Legislative Session

Establishes the public housing revitalization fund to provide monies to the New York City Housing Authority for the repair, reconstruction, rehabilitation and upgrade of projects of such authority

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Archive: Last Bill Status - In Senate Committee Finance 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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Bill Amendments

2015-S5366 - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add §99-y, St Fin L; add §77, Pub Hous L

2015-S5366 - Summary

Establishes the public housing revitalization fund to provide monies to the New York City Housing Authority for the repair, reconstruction, rehabilitation and upgrade of projects of such authority.

2015-S5366 - Sponsor Memo

2015-S5366 - Bill Text download pdf

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

                                  5366

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              May 14, 2015
                               ___________

Introduced  by  Sen.  KLEIN  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance

AN ACT to amend the state finance law and the  public  housing  law,  in
  relation to establishing the public housing revitalization fund

  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-x to read as follows:
  S  99-X. PUBLIC HOUSING REVITALIZATION FUND. 1. THERE IS HEREBY ESTAB-
LISHED IN THE CUSTODY OF THE STATE COMPTROLLER A SPECIAL REVENUE FUND TO
BE KNOWN AS THE "PUBLIC HOUSING REVITALIZATION FUND".
  2. THE FUND SHALL BE CLASSIFIED BY THE STATE COMPTROLLER AS A  CAPITAL
PROJECTS  TYPE  OF FUND, AND SHALL CONSIST OF ALL MONEYS APPROPRIATED OR
TRANSFERRED THERETO FROM ANY OTHER FUND OR SOURCE PURSUANT  TO  LAW  AND
ANY  OTHER MONEYS TRANSFERRED THERETO FOR THE PURPOSES OF THE FUND.  THE
STATE SHALL APPROPRIATE AN AMOUNT TO THE  FUND  WHICH  SHALL  EQUAL  ANY
AMOUNT  APPROPRIATED  BY  THE  CITY OF NEW YORK FOR THE SAME PURPOSES AS
THOSE OUTLINED IN SUBDIVISION THREE OF THIS SECTION, FOLLOWING  A  JOINT
CERTIFICATION  BY THE COMPTROLLER AND THE COMPTROLLER OF THE CITY OF NEW
YORK OF THE AMOUNT OF SUCH FUNDS MADE AVAILABLE BY THE CITY OF NEW  YORK
FOR THOSE PURPOSES.
  3. MONIES OF THE FUNDS, UPON APPROPRIATION THEREOF, SHALL BE DISBURSED
BY  THE  COMMISSIONER  OF  HOUSING AND COMMUNITY RENEWAL TO THE NEW YORK
CITY HOUSING AUTHORITY, IN ACCORDANCE WITH SECTION SEVENTY-SEVEN OF  THE
PUBLIC  HOUSING  LAW, FOR THE REPAIR, RECONSTRUCTION, REHABILITATION AND
UPGRADE OF PROJECTS OPERATED BY SUCH AUTHORITY.
  S 2. The public housing law is amended by adding a new section  77  to
read as follows:
  S 77. PUBLIC HOUSING REVITALIZATION FUND. 1. NOTWITHSTANDING ANY OTHER
PROVISION  OF LAW TO THE CONTRARY, THE COMMISSIONER SHALL MAKE AVAILABLE
TO THE NEW YORK CITY HOUSING AUTHORITY, CONSTITUTED UNDER  SECTION  FOUR

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09320-02-5
              

2015-S5366A (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add §99-y, St Fin L; add §77, Pub Hous L

2015-S5366A (ACTIVE) - Summary

Establishes the public housing revitalization fund to provide monies to the New York City Housing Authority for the repair, reconstruction, rehabilitation and upgrade of projects of such authority.

2015-S5366A (ACTIVE) - Sponsor Memo

2015-S5366A (ACTIVE) - Bill Text download pdf

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

                                 5366--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              May 14, 2015
                               ___________

Introduced  by  Sen.  KLEIN  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance -- recommitted  to
  the  Committee  on Finance in accordance with Senate Rule 6, sec. 8 --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted to said committee

AN  ACT  to  amend  the state finance law and the public housing law, in
  relation to establishing the public housing revitalization fund

  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-y to read as follows:
  S 99-Y. PUBLIC HOUSING REVITALIZATION FUND. 1. THERE IS HEREBY  ESTAB-
LISHED IN THE CUSTODY OF THE STATE COMPTROLLER A SPECIAL REVENUE FUND TO
BE KNOWN AS THE "PUBLIC HOUSING REVITALIZATION FUND".
  2.  THE FUND SHALL BE CLASSIFIED BY THE STATE COMPTROLLER AS A CAPITAL
PROJECTS TYPE OF FUND, AND SHALL CONSIST OF ALL MONEYS  APPROPRIATED  OR
TRANSFERRED  THERETO  FROM  ANY OTHER FUND OR SOURCE PURSUANT TO LAW AND
ANY OTHER MONEYS TRANSFERRED THERETO FOR THE PURPOSES OF THE FUND.   THE
STATE  SHALL  APPROPRIATE  AN  AMOUNT  TO THE FUND WHICH SHALL EQUAL ANY
AMOUNT APPROPRIATED BY THE CITY OF NEW YORK FOR  THE  SAME  PURPOSES  AS
THOSE  OUTLINED  IN SUBDIVISION THREE OF THIS SECTION, FOLLOWING A JOINT
CERTIFICATION BY THE COMPTROLLER AND THE COMPTROLLER OF THE CITY OF  NEW
YORK  OF THE AMOUNT OF SUCH FUNDS MADE AVAILABLE BY THE CITY OF NEW YORK
FOR THOSE PURPOSES.
  3. MONIES OF THE FUNDS, UPON APPROPRIATION THEREOF, SHALL BE DISBURSED
BY THE COMMISSIONER OF HOUSING AND COMMUNITY RENEWAL  TO  THE  NEW  YORK
CITY  HOUSING AUTHORITY, IN ACCORDANCE WITH SECTION SEVENTY-SEVEN OF THE
PUBLIC HOUSING LAW, FOR THE REPAIR, RECONSTRUCTION,  REHABILITATION  AND
UPGRADE OF PROJECTS OPERATED BY SUCH AUTHORITY.
  S  2.  The public housing law is amended by adding a new section 77 to
read as follows:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09320-03-6
              

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