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NY S06553

Bill

Official Source

Status

Passed

5/31/2012

Primary Sponsor

Catharine Young

Click for details

Origin

Senate

2011-2012 General Assembly

AI Summary

  • Amends the Private Housing Finance Law to modify contracts for rural area revitalization projects under section 1053
  • Allows up to 10 percent of program or project costs to be used for qualified applicants' operating expenses, including organization operating support and administration
  • Maintains the existing cap that total state payment per contract cannot exceed $200,000
  • Takes effect immediately upon enactment

Legislative Description

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.

Last Action

SIGNED CHAP.63

5/31/2012

Committee Referrals

Ways and Means4/17/2012
Housing, Construction, and Community Development2/27/2012

Full Bill Text

No bill text available