A08600 Summary:
| BILL NO | A08600 |
| SAME AS | SAME AS S07863 |
| SPONSOR | Woerner |
| COSPNSR | Burdick, Angelino |
| MLTSPNSR | |
| Amd §1202, Priv Hous Fin L | |
| Increases the amount an eligible applicant may spend for approved administrative costs associated with administering the access to home program. | |
A08600 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 8600 IN ASSEMBLY January 12, 2024 ___________ Introduced by M. of A. WOERNER -- read once and referred to the Commit- tee on Housing AN ACT to amend the private housing finance law, in relation to increas- ing the amount an eligible applicant may spend for approved adminis- trative costs associated with administering the access to home program The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 3 of section 1202 of the private housing 2 finance law, as added by chapter 159 of the laws of 2006, is amended to 3 read as follows: 4 3. The corporation may authorize the eligible applicant to spend up to 5 [seven and a half] ten percent of the contract amount for approved 6 administrative costs associated with administering the program. 7 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13932-01-3