Bill S6553-2011

Relates to certain contracts for rural area revitalization contracts

Provides that up to ten percent of the program or project cost may be used for the qualified applicant's operating expenses, including expenses related to organization operating support and administration of the contracts for rural area revitalization projects.

Details

Actions

  • May 31, 2012: SIGNED CHAP.63
  • May 21, 2012: DELIVERED TO GOVERNOR
  • May 7, 2012: returned to senate
  • May 7, 2012: passed assembly
  • May 7, 2012: ordered to third reading cal.516
  • May 7, 2012: substituted for a8081
  • Apr 17, 2012: referred to ways and means
  • Apr 17, 2012: DELIVERED TO ASSEMBLY
  • Apr 17, 2012: PASSED SENATE
  • Mar 21, 2012: ADVANCED TO THIRD READING
  • Mar 20, 2012: 2ND REPORT CAL.
  • Mar 19, 2012: 1ST REPORT CAL.371
  • Feb 27, 2012: REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Meetings

Votes

VOTE: COMMITTEE VOTE: - Housing, Construction and Community Development - Mar 19, 2012
Ayes (8): Young, Bonacic, Gallivan, Grisanti, Ritchie, Espaillat, Diaz, Krueger

Memo

BILL NUMBER:S6553

TITLE OF BILL:

An act to amend the private housing finance law, in relation to certain contracts for rural area revitalization projects

PURPOSE:

This bill would allow for a percentage of project costs of a rural area revitalization project to be used for administrative expenses of the not-for-profit.

SUMMARY OF PROVISIONS:

This bill would allow up to ten percent of the project costs of a rural area revitalization project to be used for administrative expenses of the not-for-profit grantee.

JUSTIFICATION:

This legislation would assist with the administration and operation of NYS Housing programs and provide for increased program efficiencies.

LEGISLATIVE HISTORY:

This is a new bill for 2012 in the Senate. A.3036 of 2010/2011: Passed Assembly A.1058 of 2007/2008: Passed Assembly A.11675 of 2006: Passed Assembly

FISCAL IMPLICATIONS: None.

EFFECTIVE DATE:

This act shall take effect immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 6553 IN SENATE February 27, 2012 ___________
Introduced by Sen. YOUNG -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the private housing finance law, in relation to certain contracts for rural area revitalization projects THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 3 of section 1053 of the private housing finance law, as amended by chapter 166 of the laws of 1991, is amended to read as follows: 3. Each contract pursuant to this section shall provide for payment by the corporation for the activities to be carried out pursuant to the contract. Such payment shall be based on the projected costs of such activities and the other sources of funding which may be available to the applicant (including, if applicable, funding pursuant to article seventeen of this chapter) from any source. UP TO TEN PERCENT OF THE PROGRAM OR PROJECT COST MAY BE USED FOR THE QUALIFIED APPLICANT'S OPER- ATING EXPENSES INCLUDING EXPENSES RELATED TO ORGANIZATION OPERATING SUPPORT AND ADMINISTRATION OF THE CONTRACT. The total state payment pursuant to any one contract shall not exceed two hundred thousand dollars. S 2. This act shall take effect immediately.

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