Senate Bill S8581

2023-2024 Legislative Session

Expands eligibility for loans and grants pursuant to the resilient retrofits loan and grant program for private sewer repairs and upgrades

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Housing, Construction And Community Development Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-S8581 (ACTIVE) - Details

See Assembly Version of this Bill:
A9342
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Executive Law
Laws Affected:
Add §29-k, Exec L; add §99-rr, St Fin L

2023-S8581 (ACTIVE) - Summary

Expands eligibility for loans and grants pursuant to the resilient retrofits loan and grant program for private sewer repairs and upgrades; establishes the resilient retrofits loan and grant fund.

2023-S8581 (ACTIVE) - Sponsor Memo

2023-S8581 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8581
 
                             I N  S E N A T E
 
                             February 16, 2024
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Veterans, Homeland Securi-
   ty and Military Affairs
 
 AN ACT to amend the executive law and the state finance law, in relation
   to expanding eligibility for participation in the resilient  retrofits
   loan  and  grant  program and establishing the resilient retrofit loan
   and grant fund

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The executive law is amended by adding a new section 29-k
 to read as follows:
   § 29-K. RESILIENT RETROFITS LOAN AND GRANT PROGRAM EXPANSION.  1.  FOR
 THE  PURPOSES  OF  THIS  SECTION,  "DIVISION" SHALL MEAN THE DIVISION OF
 HOUSING AND COMMUNITY RENEWAL.
   2. THE DIVISION OF HOUSING AND COMMUNITY RENEWAL, IN CONJUNCTION  WITH
 THE COMPTROLLER, HOME HEADQUARTERS, INC., AND COMMUNITY DEVELOPMENT LONG
 ISLAND  (CDLI),  SHALL  ESTABLISH AND ADMINISTER THE RESILIENT RETROFITS
 LOAN AND GRANT PROGRAM AS PROVIDED IN THIS SECTION.
   3. (A) THE RESILIENT RETROFIT LOAN AND PROGRAM SHALL  PROVIDE  LOW  OR
 NO-INTEREST LOANS TO INDIVIDUAL PROPERTY OWNERS TO PROVIDE FINANCING FOR
 HAZARD  MITIGATION AND RESILIENCE PROJECTS, INCLUDING BUT NOT LIMITED TO
 REPAIRS, CLEANUPS, AND UPGRADES OF PRIVATE SEWERS IN MULTIPLE  DWELLINGS
 AND SINGLE-FAMILY HOMES WHERE THE SEWER CAPACITY FOR SUCH PRIVATE SEWERS
 HAS  BEEN EXCEEDED. SUCH LOANS MAY BE ATTACHED TO PROPERTY TAXES, ALLOW-
 ING FOR THE PROPERTY TO BE SOLD SO LONG  AS  THE  NEW  OWNER  AGREES  TO
 ASSUME THE DEBT OBLIGATION.
   (B)  LOANS PROVIDED UNDER THIS SECTION MAY BE USED TO SATISFY THE NON-
 FEDERAL MATCH FOR FEDERAL MITIGATION GRANTS.
   4. (A) RESILIENT NEW YORK REVOLVING LOAN PROGRAM SHALL PROVIDE  GRANTS
 TO INDIVIDUAL PROPERTY OWNERS TO PROVIDE FINANCING FOR HAZARD MITIGATION
 AND  RESILIENCE  PROJECTS, INCLUDING BUT NOT LIMITED TO CONSTRUCTION AND
 MAINTENANCE OF FLOOD AND/OR BACK-UP  PRIVATE  SEWER  LINES  IN  MULTIPLE
 DWELLINGS  AND  SINGLE-FAMILY  HOMES  WHERE  THE SEWER CAPACITY FOR SUCH
 PRIVATE SEWERS HAS BEEN EXCEEDED.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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