Bill Text: NY S05783 | 2019-2020 | General Assembly | Amended
Bill Title: Requires a public housing authority to file in the office of the commissioner of housing and community renewal and with the temporary president of the senate and the speaker of the assembly a physical needs assessment every five years; defines "physical needs assessment".
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Introduced - Dead) 2020-01-08 - REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT [S05783 Detail]
Download: New_York-2019-S05783-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 5783--A 2019-2020 Regular Sessions IN SENATE May 14, 2019 ___________ Introduced by Sens. SALAZAR, BENJAMIN -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the public housing law, in relation to physical needs assessments for public housing authorities The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 37 of the public housing law is amended by adding a 2 new subdivision 3-a to read as follows: 3 3-a. (a) An authority shall file in the office of the commissioner and 4 with the temporary president of the senate and the speaker of the assem- 5 bly a physical needs assessment. Each authority shall file the physical 6 needs assessment every five years. 7 (b) For purposes of this section, a "physical needs assessment" shall 8 mean a standard operating procedure for real estate management consist- 9 ing of a periodic examination and evaluation of real estate to determine 10 a long-term schedule and cost for replacement of major property compo- 11 nents. The physical needs assessment shall provide data to evaluate the 12 viability of the real estate to continue serving its intended purpose 13 into the future. The physical needs assessment shall be deemed a founda- 14 tional document which may be useful for a number of real estate manage- 15 ment functions, including: determining a replacement reserve schedule; 16 developing preventative maintenance plans; performing due diligence at 17 sale, purchase, or financing; marketing and repositioning strategy plan- 18 ning; budgeting; and obtaining or providing grant support. 19 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11528-03-9