2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 16-A - (920 - 924) URBAN INITIATIVES
924 - Transfer of authority, administration and appropriations.


NY Priv Hous Fin L § 924 (2012) What's This?
 
    § 924. Transfer of authority, administration and appropriations. 1. On
  and  after  the  effective  date of this article, all obligations of the
  division with respect to the division urban  initiatives  program  shall
  become  the  obligations of the corporation and the corporation shall be
  responsible for the administration of  the  division  urban  initiatives
  program.  The  division  shall  provide  for the orderly transfer of all
  matters, records and things relating to such program to the corporation.
    2. Notwithstanding the provisions of any general or special  law,  the
  director  of  the  budget  is  authorized to transfer to the corporation
  funds otherwise appropriated or reappropriated for the purposes  of  the
  division  urban  initiatives  program  from  the division of housing and
  community renewal.
    3. All rules, regulations, acts, determinations and decisions  of  the
  division  or  the commissioner with respect to the administration of the
  division urban initiatives program in force on  the  effective  date  of
  this  section  shall continue in force and effect as rules, regulations,
  acts,  determinations  and  decisions  of  the  corporation  until  duly
  modified or rescinded by the corporation.

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