Requires the commissioner of housing and community renewal, or the appropriate supervising agency, to review contracts for $50,000 or more entered into by a limited-profit housing company.
STATE OF NEW YORK
________________________________________________________________________
2741
2025-2026 Regular Sessions
IN ASSEMBLY
January 22, 2025
___________
Introduced by M. of A. ROSENTHAL -- read once and referred to the
Committee on Housing
AN ACT to amend the private housing finance law, in relation to review
of certain contracts of limited-profit housing companies
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 32-a of the private housing finance law is amended
2 by adding two new subdivisions 15 and 16 to read as follows:
3 15. Review any bids for a contract to be entered into by a limited-
4 profit housing company for an amount over fifty thousand dollars.
5 (a) Bids shall be reviewed in a manner so as to assure the prudent and
6 economical use of moneys and in the best interest of shareholders, to
7 facilitate the acquisition of materials, supplies and services of maxi-
8 mum quality at the lowest possible cost under the circumstances and to
9 guard against favoritism, improvidence, extravagance, fraud and
10 corruption. To further such objectives, an authority shall adopt inter-
11 nal policies and procedures governing all procurements of materials,
12 supplies and services over fifty thousand dollars.
13 (b) Such policies and procedures shall contain provisions which, at
14 minimum:
15 (i) prescribe a procedure for determining whether a procurement of
16 materials, supplies, and services is subject to a sealed bid and docu-
17 menting the basis for any determination that a sealed bid is not
18 required by law;
19 (ii) set forth when each such method of procurement will be utilized,
20 taking into account which method will best further the purposes of this
21 subdivision and the cost-effectiveness of the method;
22 (iii) require adequate documentation of actions taken in connection
23 with each such method of procurement; and
24 (iv) identify the respective titles of persons responsible for
25 purchasing. Such information shall be updated biennially.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD00952-01-5
A. 2741 2
1 16. The division of housing and community renewal and the New York
2 city department of housing preservation and development shall collab-
3 orate to develop a procurement and bid corruption prevention training
4 program. Such procurement corruption prevention training program shall
5 be interactive, given to board members of Mitchell-Lama developments as
6 a part of their required training and include:
7 (i) information concerning the federal, state, and local statues and
8 regulations related to gratuities and bribes;
9 (ii) information concerning criminal liabilities related to gratuities
10 and bribes;
11 (iii) examples of conduct that would constitute gratuities and bribes;
12 and
13 (iv) examples of favoritism, improvidence, extravagance, fraud and
14 corruption that may undermine the bidding process.
15 § 2. This act shall take effect on the ninetieth day after it shall
16 have become a law.
