A8081-2011 - NY Senate Open Legislation - Relates to certain contracts for rural area revitalization contracts

Bill A8081-2011

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

Same as: S6553-2011
Versions A8081-2011
Sponsor:Russell
Law Section: Private Housing Finance Law
Law: Amd §1053, Priv Hous Fin L

Actions

May 7, 2012: substituted by s6553
May 3, 2012: advanced to third reading cal.516
May 1, 2012: reported
Feb 14, 2012: reported referred to ways and means
Jan 18, 2012: committed to housing
Jan 4, 2012: ordered to third reading cal.276
Jan 4, 2012: RETURNED TO ASSEMBLY
Jan 4, 2012: DIED IN SENATE
Jun 14, 2011: REFERRED TO RULES
Jun 14, 2011: delivered to senate
Jun 14, 2011: passed assembly
Jun 14, 2011: ordered to third reading rules cal.196
Jun 14, 2011: rules report cal.196
Jun 14, 2011: reported
Jun 13, 2011: reported referred to rules
Jun 7, 2011: reported referred to ways and means
May 31, 2011: referred to housing

Text


STATE OF NEW YORK
________________________________________________________________________

8081

2011-2012 Regular Sessions

IN ASSEMBLY

May 31, 2011
___________

Introduced  by M. of A. RUSSELL -- read once and referred to the Commit-
  tee on Housing

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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11704-01-1

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