Establishes a historic preservation revolving loan program, within the office of parks, recreation and historic preservation, to provide interest free loans to municipalities for historic preservation projects.
TITLE OF BILL:
An act to amend the parks, recreation and historic preservation law and the state finance law, in relation to establishing a historic preservation revolving loan program
To establish a revolving loan fund for the purposes of historic preservation.
SUMMARY OF PROVISIONS:
This bill amends the Parks, Recreation and Historic Preservation Law by adding a new section 14.11, which directs the Commissioner of the Office of Parks, Recreation and Historic Preservation to establish a historic preservation revolving loan fund. Section 2 amends the State Finance Law by adding a new section 91-h, placing jurisdiction of this fund under the State Comptroller and the Commissioner of Taxation and Finance.
Many communities do not have the resources available to engage in the preservation of local historic sites. These sites, which could improve the culture, economic, and historic value of a region, are often neglected. This fund will make it possible for many communities to actively improve their local landscape without undue expense to the taxpayer.
2009-10: S.4679 Referred to Cultural Affairs, Tourism, Parks & Recreation 2007-08: S.406-A Passed Senate 2006: S.6491/A.5721 Referred to Finance 2005: A.5721 Referred to Cultural Affairs, Tourism, Parks & Recreation 2003-04: A.4677 Referred to Tourism, Arts & Sports Development
None to the State.
EFFECTIVE DATE: This act shall take effect 180 days after it shall have become law, with provisions.
STATE OF NEW YORK ________________________________________________________________________ 760 2011-2012 Regular Sessions IN SENATE (PREFILED) January 5, 2011 ___________Introduced by Sens. YOUNG, LITTLE, MAZIARZ -- read twice and ordered printed, and when printed to be committed to the Committee on Cultural Affairs, Tourism, Parks and Recreation AN ACT to amend the parks, recreation and historic preservation law and the state finance law, in relation to establishing a historic preser- vation revolving loan program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The parks, recreation and historic preservation law is amended by adding a new section 14.11 to read as follows: S 14.11 HISTORIC PRESERVATION REVOLVING LOAN PROGRAM. 1. THE COMMIS- SIONER SHALL ESTABLISH AND MAINTAIN A HISTORIC PRESERVATION REVOLVING LOAN PROGRAM TO PROVIDE LOANS TO MUNICIPALITIES FOR ANY PURPOSE DESIG- NATED IN THIS ARTICLE. SUCH PROGRAM SHALL PROVIDE INTEREST FREE LOANS TO MUNICIPALITIES FOR SUCH LOCAL HISTORIC PRESERVATION PROJECTS AS THE COMMISSIONER SHALL DEEM TO BE ELIGIBLE PURSUANT TO RULE OR REGULATION. 2. THE COMMISSIONER SHALL PROMULGATE RULES AND REGULATIONS FOR THE PURPOSE OF CARRYING OUT THE PROVISIONS OF THIS SECTION, INCLUDING ESTAB- LISHING: (A) AN APPLICATION PROCESS WHEREBY MUNICIPALITIES MAY APPLY FOR LOANS; (B) CRITERIA AND STANDARDS FOR DETERMINING A LOCAL HISTORIC PRESERVA- TION PROJECT'S ELIGIBILITY FOR A LOAN; (C) CRITERIA AND STANDARDS FOR DETERMINING THE PRIORITY TO BE GRANTED AMONG LOCAL HISTORIC PRESERVATION PROJECTS; (D) CRITERIA AND STANDARDS FOR DETERMINING THE AMOUNT OF FINANCIAL ASSISTANCE TO BE PROVIDED TO A MUNICIPALITY FOR A LOCAL HISTORIC PRESER- VATION PROJECT; AND (E) CRITERIA AND STANDARDS TO BE USED IN DETERMINING THE LOAN REPAY- MENT PERIODS AND THE TERMS OF ANY REPAYMENT AGREEMENTS.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02627-01-1 S. 760 2
3. THE OFFICE MAY PROVIDE FINANCIAL ASSISTANCE TO MUNICIPALITIES WITH- IN THE AMOUNTS AVAILABLE IN THE HISTORIC PRESERVATION REVOLVING LOAN FUND ESTABLISHED PURSUANT TO SECTION NINETY-ONE-H OF THE STATE FINANCE LAW. S 2. The state finance law is amended by adding a new section 91-h to read as follows: S 91-H. HISTORIC PRESERVATION REVOLVING LOAN FUND. 1. THERE IS HEREBY ESTABLISHED IN THE JOINT CUSTODY OF THE STATE COMPTROLLER AND THE COMMISSIONER OF TAXATION AND FINANCE A SPECIAL FUND TO BE KNOWN AS THE "HISTORIC PRESERVATION REVOLVING LOAN FUND". 2. THE HISTORIC PRESERVATION REVOLVING LOAN FUND SHALL CONSIST OF ALL MONIES APPROPRIATED, CREDITED OR TRANSFERRED THERETO FROM THE GENERAL FUND OR ANY OTHER SOURCE PURSUANT TO LAW, INCLUDING THE REPAYMENT OF LOANS PROVIDED TO MUNICIPALITIES PURSUANT TO SECTION 14.11 OF THE PARKS, RECREATION AND HISTORIC PRESERVATION LAW. 3. THE MONIES IN THE HISTORIC PRESERVATION REVOLVING LOAN FUND, FOLLOWING APPROPRIATION THEREOF, SHALL BE AVAILABLE TO THE OFFICE OF PARKS, RECREATION AND HISTORIC PRESERVATION FOR THE PURPOSES OF IMPLE- MENTING THE PROVISIONS OF SECTION 14.11 OF THE PARKS, RECREATION AND HISTORIC PRESERVATION LAW. S 3. This act shall take effect on the one hundred eightieth day after it shall have become a law; provided, however, that any rules and regu- lations necessary to implement the provisions of this act on its effec- tive date are authorized and directed to be promulgated on or before such date.