S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5504
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 13, 2009
                                      ___________
       Introduced  by M. of A. BOYLAND -- read once and referred to the Commit-
         tee on Housing
       AN ACT to amend the public housing law, in  relation  to  requiring  the
         division  of  housing  and  community  renewal  to provide a financial
         education course to certain persons with credit problems
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 14 of the public housing law is amended by adding a
    2  new subdivision 6 to read as follows:
    3    6.  THE COMMISSIONER IS AUTHORIZED AND DIRECTED TO PROVIDE A FINANCIAL
    4  EDUCATION COURSE TO THOSE PERSONS WHO CAN PROVE THAT THEY HAVE A  CREDIT
    5  SCORE  UNDER 620 AS VERIFIED BY A REPUTABLE CREDIT REPORTING AGENCY. THE
    6  COMMISSIONER SHALL PROMULGATE RULES AND REGULATIONS WHICH SHALL  CONTAIN
    7  THE  LOCATIONS,  DATES, FEES, ADMISSION REQUIREMENTS, AND THE CURRICULUM
    8  FOR SUCH COURSES.
    9    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08904-01-9