Bill Text: NY S04661 | 2011-2012 | General Assembly | Amended
Bill Title: Relates to the income criteria for the use of funds from the greater Catskills flood remediation program.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2012-01-04 - REFERRED TO LOCAL GOVERNMENT [S04661 Detail]
Download: New_York-2011-S04661-Amended.html
S T A T E O F N E W Y O R K
________________________________________________________________________
4661--A
2011-2012 Regular Sessions
I N S E N A T E
April 14, 2011
___________
Introduced by Sen. BONACIC -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT to amend part NN of chapter 57 of the laws of 2008 relating to
authorizing the New York state mortgage agency to transfer certain
moneys, in relation to income criteria for the use of funds from the
greater Catskills flood remediation program
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Section 3 of part NN of chapter 57 of the laws of 2008
2 relating to authorizing the New York state mortgage agency to transfer
3 certain moneys, as amended by section 1 of part X of chapter 58 of the
4 laws of 2011, is amended to read as follows:
5 S 3. (a) Within the amounts transferred to the corporation pursuant to
6 section one of this act for the greater Catskills flood remediation
7 program, the corporation shall provide funds to the counties of Broome,
8 Chenango, Delaware, Herkimer, Montgomery, Orange, Otsego, Schoharie,
9 Sullivan, Tioga and Ulster, upon application by a county and within the
10 amounts available for disbursement to such county, to enable the coun-
11 ties to purchase and demolish one or two family homes that have been
12 certified by the local building inspector and county emergency manage-
13 ment director, to the satisfaction of the corporation, as having been
14 subject to one or more incidents of flooding since April 1, 2004 and as
15 likely to be subject to a future flood incident that would cause
16 substantial damage thereto. Any application by a county for disbursement
17 of funds under this act shall demonstrate, to the satisfaction of the
18 corporation, that: (1) the home is occupied as the primary residence of
19 an owner [with a family income of up to one hundred fifty percent of the
20 area median income as defined by the United States department of housing
21 and urban development], provided, however, that an otherwise eligible
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10756-02-1
S. 4661--A 2
1 home shall be eligible for purchase under this act if the current owner
2 can demonstrate that the home was occupied as the owner's primary resi-
3 dence prior to a flood event that rendered the home unsuitable for habi-
4 tation; (2) the current appraised value of the home does not exceed two
5 hundred fifty thousand dollars and the purchase price for the home will
6 not exceed the appraised value less the amount of any property casualty
7 insurance or disaster relief payments received by the owner as compen-
8 sation for damage incurred in a flood incident; (3) all recorded liens
9 or other encumbrances on the home will be released at closing; (4) the
10 county provides assurances that the home will be condemned and the prop-
11 erty will be dedicated and maintained in perpetuity for a use that is
12 compatible with open space, recreational, flood mitigation or wetlands
13 management practices; and (5) disbursements under this section shall be
14 limited to the costs of acquisition of eligible homes, including legal,
15 appraisal, recording and other transaction costs, and the costs of demo-
16 lition. In selecting homes for purchase pursuant to this act, each
17 county shall give preference to homes with a current appraised value of
18 less than one hundred fifty thousand dollars and to homes that have been
19 subject to two or more incidents of flooding since April 1, 2004. The
20 corporation shall establish policies and procedures consistent with this
21 section, which shall include county reporting requirements, and shall
22 report to the governor, the speaker of the assembly, the temporary pres-
23 ident of the senate and the director of the division of the budget on or
24 before December 31, 2008 regarding the implementation of this section.
25 Of the amounts transferred to the corporation pursuant to section one of
26 this act, the amounts disbursed to counties pursuant to this section
27 shall not exceed the following amounts: Broome, $750,000; Chenango,
28 $750,000; Delaware, $2,000,000; Herkimer, $750,000; Montgomery,
29 $750,000; Orange, $2,000,000; Otsego, $750,000; Schoharie, $750,000;
30 Sullivan, $3,750,000; Tioga, $750,000; and Ulster, $2,000,000.
31 (b) Any funds not under contract or grant agreement between any county
32 provided for by this section and the state of New York or any of its
33 divisions or agencies on or by January 1, 2010 may be used, upon a find-
34 ing by the corporation that such funds are available, by Ulster county,
35 whether the funds are allocated to such county or to another county
36 under this program, to purchase and demolish homes which otherwise meet
37 the requirements of subdivision (a) of this section and are in Ulster
38 county, and/or otherwise purchase homes which are valued at under
39 $250,000 upon a finding by the corporation that: (1) the homes have been
40 subjected to seepage of water into the homes either through the walls or
41 foundation of such home or water otherwise enters into the home other
42 than through pipes intended for such purpose, and (2) the home is situ-
43 ated within two miles of an underground aqueduct owned, maintained or
44 operated by the city of New York or any board, agency, department or
45 bureau thereof and is used for the transport of drinking water to the
46 city of New York. In making determinations of which homes to purchase,
47 the county shall first seek to expend funds to purchase those homes
48 which meet the requirements enumerated in paragraphs one and two of this
49 subdivision.
50 S 2. This act shall take effect immediately.
