Bill Text: NY S07755 | 2019-2020 | General Assembly | Introduced

---

Bill Title: Establishes a public housing construction and preservation fund for the city of New York.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-02-14 - REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT [S07755 Detail]

Download: New_York-2019-S07755-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          7755

                    IN SENATE

                                    February 14, 2020
                                       ___________

        Introduced  by Sen. KAVANAGH -- 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 public housing law, in relation to establishing a
          public housing construction and preservation fund for the city of  New
          York

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Article 13 of the public housing law is amended by adding a
     2  new title 1-A to read as follows:
     3                                  TITLE 1-A
     4         NEW YORK CITY PUBLIC HOUSING CONSTRUCTION AND PRESERVATION
     5                                    FUND
     6  Section 402-f. Definitions.
     7          402-g. New York city public housing construction  and  preserva-
     8                   tion fund.
     9          402-h. Powers and duties of the fund.
    10    § 402-f. Definitions. As used in this title, the following terms shall
    11  have  the following meanings, unless the context clearly requires other-
    12  wise:
    13    1. "Fund" shall mean the New York city public housing construction and
    14  preservation fund.
    15    2. "Board" shall mean the board of  trustees  of  the  New  York  city
    16  public housing construction and preservation fund.
    17    3.  "Project"  shall have the same meaning as set forth in subdivision
    18  fourteen of section three of this chapter.
    19    § 402-g. New York city public housing  construction  and  preservation
    20  fund.  1. There is hereby established a public benefit corporation to be
    21  known as the "New York city public housing construction and preservation
    22  fund".
    23    2. The fund shall be governed by, and its powers  shall  be  exercised
    24  by,  a board of trustees. No member of the board of directors of the New
    25  York city housing authority shall be one of the appointed members of the

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14599-01-9
        S. 7755                             2

     1  board, nor shall an officer or employee of the city or state be  one  of
     2  the appointed members of the board.
     3    3. Appointed members may engage in private employment, or in a profes-
     4  sion  or  business,  unless  otherwise  prohibited by law, rule or regu-
     5  lation.
     6    4. Trustees shall receive no compensation for their services but shall
     7  be reimbursed for the actual and necessary expenses incurred by them  in
     8  the performance of their official duties as trustees of the fund.
     9    5.  The board shall appoint as president of the fund an individual who
    10  has extensive executive-level construction  experience.  The  president,
    11  who  shall  not  be  a member of the board, shall be the chief executive
    12  officer of the fund and shall be responsible for the  discharge  of  the
    13  executive and administrative functions and powers of the fund. The pres-
    14  ident shall serve at the pleasure of the board.
    15    §  402-h.  Powers  and  duties  of the fund. Notwithstanding any other
    16  provision of law to the contrary, the fund shall have the power and duty
    17  to:
    18    1. appoint officers and employees and fix their compensation;
    19    2. design, construct, reconstruct,  improve,  rehabilitate,  maintain,
    20  furnish,  repair,  equip  and otherwise provide for projects for the New
    21  York city housing authority pursuant to agreements  with  the  New  York
    22  city housing authority;
    23    3. acquire real and personal property, or any interest therein, by any
    24  method,  necessary  or  convenient  for  the  exercise of its functions,
    25  powers and duties;
    26    4. make and execute contracts and all other instruments  necessary  or
    27  convenient for the exercise of its functions, powers and duties; and
    28    5.  engage the services of private consultants on a contract basis for
    29  rendering professional and technical assistance and advice.
    30    § 2. This act shall take effect on the one hundred eightieth day after
    31  it shall have become a law.