STATE OF NEW YORK
________________________________________________________________________
3662
2021-2022 Regular Sessions
IN ASSEMBLY
January 28, 2021
___________
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.
LBD06416-01-1
A. 3662 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.