Bill Text: NY A08888 | 2019-2020 | General Assembly | Introduced

New York Assembly Bill 8888 (Prior Session Legislation)

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) 2020-01-08 - referred to housing [A08888 Detail]

Download: New_York-2019-A08888-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          8888

                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                    December 30, 2019
                                       ___________

        Introduced  by  M.  of  A.  CYMBROWITZ  -- read once and referred to the
          Committee on Housing

        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

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14599-01-9
        A. 8888                             2

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