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S4679Senate2009-2010 Session

Establishes a historic preservation revolving loan program to provide interest free loans to municipalities for historic preservation projects

Sponsor Catharine YoungSD-57Affects Environment & Energy
Status
In Senate Committee
Cultural Affairs, Tourism, Parks And Recreation
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Cultural Affairs, Tourism, Parks And Recreation

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Who cares

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Sponsors

Primary sponsor
Catharine Young

Senator · Senate District 57

No co-sponsors yet.

History

  1. Referred to cultural affairs, tourism, parks and recreation
  2. Referred to cultural affairs, tourism, parks and recreation

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

Title of bill

An act to amend the parks, recreation and historic preservation law and the state finance law, in relation to establishing a historic preservation revolving loan program

Purpose

To establish a revolving loan fund for the purposes of historic preservation.

Summary of provisions

This bill amends the Parks, Recreation and Historic Preservation Law by adding a new section 14.11, which directs the Commissioner of the Office of Parks, Recreation and Historic Preservation to establish a historic preservation revolving loan fund. Section 2 amends the State Finance Law by adding a new section 91-h, placing jurisdiction of this fund under the State Comptroller and the Commissioner of Taxation and Finance.

Justification

Many communities do not have the resources available to engage in the preservation of local historic sites. These sites, which could improve the culture, economic, and historic value of a region, are often neglected. This fund will make it possible for many communities to actively improve their local landscape without undue expense to the taxpayer.

Legislative history

S406A (2007) Passed Senate S.6481 (2005) A.5721 (2005)

Fiscal implications

None to the State.

Effective date

This act shall take effect 180 days after it shall have become law.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.