Bill Text: NY S05373 | 2009-2010 | General Assembly | Introduced

---

Bill Title: Establishes a revolving loan program whereby short term loans are made available through local social services districts to families receiving public assistance who are in danger of homelessness by reason of eviction; appropriates $3,000,000 therefor.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-01-06 - REFERRED TO SOCIAL SERVICES [S05373 Detail]

Download: New_York-2009-S05373-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5373
                              2009-2010 Regular Sessions
                                   I N  S E N A T E
                                    April 27, 2009
                                      ___________
       Introduced  by  Sen. HASSELL-THOMPSON -- read twice and ordered printed,
         and when printed to be committed to the Committee on Social Services
       AN ACT to amend the social services law and the state  finance  law,  in
         relation  to  establishing  a  revolving loan program whereunder short
         term loans are made available to families receiving public  assistance
         who are threatened with eviction; and making an appropriation therefor
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1.   Article 2-A of the social  services  law  is  amended  by
    2  adding a new title 5 to read as follows:
    3                                   TITLE 5
    4                           REVOLVING LOAN PROGRAM
    5  SECTION 53. REVOLVING LOAN PROGRAM.
    6    S  53.  REVOLVING  LOAN  PROGRAM. 1. THE COMMISSIONER OF THE OFFICE OF
    7  TEMPORARY AND DISABILITY ASSISTANCE IS  HEREBY  AUTHORIZED,  WITHIN  THE
    8  LIMITS OF FUNDS AVAILABLE IN THE REVOLVING LOAN PROGRAM FUND ESTABLISHED
    9  PURSUANT TO SECTION NINETY-TWO-H OF THE STATE FINANCE LAW, TO ENTER INTO
   10  CONTRACTS  WITH UP TO TWENTY SOCIAL SERVICES DISTRICTS TO PROVIDE FINAN-
   11  CIAL ASSISTANCE IN THE FORM OF LOANS TO PUBLIC ASSISTANCE RECIPIENTS WHO
   12  ARE IN DANGER OF BECOMING HOMELESS. SUCH GRANTS  SHALL  BE  PROVIDED  TO
   13  CREATE  A  REVOLVING  LOAN PROGRAM ADMINISTERED BY THE LOCAL DISTRICT TO
   14  PROVIDE SHORT TERM LOANS TO FAMILIES RECEIVING PUBLIC ASSISTANCE  PURSU-
   15  ANT  TO ARTICLE FIVE OF THIS CHAPTER WHO ARE IN IMMINENT DANGER OF HOME-
   16  LESSNESS BY REASON OF EVICTION. SUCH LOANS:
   17    (A) SHALL BE IN AN AMOUNT NOT TO EXCEED SIX HUNDRED DOLLARS PER LOAN;
   18    (B) SHALL BE INTEREST FREE AND FIVE YEARS IN DURATION;
   19    (C) SHALL BE LIMITED TO ONE SUCH LOAN PER ELIGIBLE FAMILY; AND
   20    (D) SHALL BE PROVIDED IN ACCORDANCE WITH THE  TERMS  OF  THE  CONTRACT
   21  BETWEEN  THE  OFFICE OF TEMPORARY AND DISABILITY SERVICES AND THE SOCIAL
   22  SERVICES DISTRICT.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD06234-01-9
       S. 5373                             2
    1    2. FROM TIME TO TIME, THE COMMISSIONER OF THE OFFICE OF TEMPORARY  AND
    2  DISABILITY  ASSISTANCE, IN CONSULTATION WITH THE COMMISSIONER OF HOUSING
    3  AND COMMUNITY RENEWAL, MAY ISSUE REQUESTS FOR PROPOSALS AND  APPLICATION
    4  FORMS  FOR  FINANCIAL  ASSISTANCE  UNDER THIS TITLE. THE SOCIAL SERVICES
    5  DISTRICTS TO BE INCLUDED IN THE REVOLVING LOAN PROGRAM SHALL BE SELECTED
    6  COMPETITIVELY  FROM  REQUESTS  FOR  PROPOSALS. THE APPLICATION FORMS MAY
    7  REQUIRE THE SUBMISSION OF SUCH INFORMATION AS THE  COMMISSIONER  OF  THE
    8  OFFICE OF TEMPORARY AND DISABILITY ASSISTANCE DEEMS NECESSARY.
    9    S  2. The state finance law is amended by adding a new section 92-h to
   10  read as follows:
   11    S 92-H. REVOLVING LOAN PROGRAM FUND. 1. THERE IS HEREBY ESTABLISHED IN
   12  THE JOINT CUSTODY OF THE STATE COMPTROLLER AND THE COMMISSIONER OF TAXA-
   13  TION AND FINANCE A SPECIAL FUND TO  BE  KNOWN  AS  THE  "REVOLVING  LOAN
   14  PROGRAM FUND".
   15    2.  THE  REVOLVING LOAN PROGRAM FUND SHALL CONSIST OF MONEYS APPROPRI-
   16  ATED TO IT FROM THE GENERAL FUND AND ALLOCATED PURSUANT TO A CERTIFICATE
   17  OF APPROVAL OF AVAILABILITY ISSUED BY THE DIRECTOR OF THE BUDGET AND ALL
   18  OTHER MONEYS CREDITED, APPROPRIATED  OR  TRANSFERRED  THERETO  FROM  ANY
   19  OTHER FUND OR SOURCES.
   20    3. MONEYS OF THE FUND, FOLLOWING APPROPRIATION BY THE LEGISLATURE, MAY
   21  BE EXPENDED IN ACCORDANCE WITH TITLE FIVE OF ARTICLE TWO-A OF THE SOCIAL
   22  SERVICES  LAW,  PURSUANT  TO  A  CERTIFICATE OF APPROVAL OF AVAILABILITY
   23  ISSUED BY THE DIRECTOR OF THE BUDGET.
   24    4. MONEYS OF THE FUND MAY BE INVESTED BY  THE  STATE  COMPTROLLER  AND
   25  INCOME FROM SUCH INVESTMENTS SHALL BE CREDITED TO THE GENERAL FUND.
   26    S 3. The sum of three million dollars ($3,000,000), or so much thereof
   27  as  may  be  necessary,  is  hereby  appropriated  to the revolving loan
   28  program fund established pursuant to section 92-h of the  state  finance
   29  law  from  any  moneys  in the state treasury in the general fund to the
   30  credit of the state purposes account not otherwise appropriated for  the
   31  purposes  of  making  short  term  loans available to families receiving
   32  public assistance who are in imminent danger of homelessness  by  reason
   33  of  eviction.  Such sum shall be payable on the audit and warrant of the
   34  state comptroller on  vouchers  certified  or  approved  in  the  manner
   35  prescribed by law.
   36    S 4. This act shall take effect January 1, 2010.