2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 3 - (40 - 62) NEW YORK STATE HOUSING FINANCE AGENCY
51-A - Federal rental assistance program administrative fees.

 
    §  51-a.  Federal  rental  assistance program administrative fees. All
  administrative fee monies  received  by  the  agency  from  the  federal
  government pursuant to section eight of the United States housing act of
  1937,  as  amended  by the Housing and Community Development Act of 1974
  and subsequent amendments, shall be allocated according to the following
  schedule:
    1.  ninety  percent  of  such  fees  shall   be   allocated   to   the
  not-for-profit  corporations  or  local  government  agencies  providing
  services under such section eight;
    2. ten percent of such fees shall be retained by the state and  unless
  otherwise  allocated pursuant to an agreement between the agency and the
  division of housing and community renewal:
    (a) ninety-five percent of such  amount  shall  be  allocated  to  the
  division of housing and community renewal; and
    (b) five percent shall be retained by the agency.