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Sponsors
Senator · Senate District 42
No co-sponsors yet.
History
- Referred to local government
- Returned to senate
- Died in assembly
- Referred to housing
- Delivered to assembly
- Passed senateVote 61–1
- Advanced to third reading
- 2nd report cal.
- 1st report cal.779
- Print number 4661a
- Amend and recommit to local government
- Referred to local government
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to the income criteria for the use of funds from the greater Catskills flood remediation program
In Assembly Committee · Housing · Sponsor Kevin Cahill
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4661A
Title of bill
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
Purpose or general idea of bill
To remove the income ceiling for those who qualify to have their homes purchased with these funds.
Summary of specific provisions
Section 1: Amends Section 3 of part NN of chapter 57 of the laws of 2008 as amended by section 1 of part X of chapter 58 of the laws of 2011 to remove the maximum income requirement for a homeowner to qualify for the purchase of their home under the greater Catskills flood remediation program of 150% of the Area Median Income.
Section 2: Effective Date
Justification
The Catskills have been subject to substantial flooding over the last several years. While various persons blame other persons for the action, the reality is year in and year out, families were being victimized by the flooding and lives were being lost. The Legislature enacted the Greater Catskills Flood Remediation Program which allocated $15 million to purchase homes where the owner was subject to flooding. The time to apply for that funding and meet the guidelines has expired. Dozens of homes have been bought out or are under contract and expected to be bought out. There remains approximately $4 million from the program available. The 2011-12 State Budget reallocated that funding to Ulster County to purchase homes which experience seepage near the leaking New York City aqueducts. This legislation seeks to remove the income ceiling for those homeowners who will quality for the buyouts available through this program to better ensure that all homeowners affected by the leaking New York City aqueducts are able to obtain relief under this buyout program.
Legislative history
New Bill.
Fiscal implications
No new funds are utilized. Rather, existing funds are being redistributed since not all funds have been used.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.