S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3662
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 28, 2021
                                ___________
 
 Introduced  by  M.  of  A.  CYMBROWITZ  -- read once and referred to the
   Committee on Housing
 
 AN ACT to amend the public housing law, in relation  to  establishing  a
   public  housing construction and preservation fund for the city of New
   York
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Article 13 of the public housing law is amended by adding a
 new title 1-A to read as follows:
                                 TITLE 1-A
        NEW YORK CITY PUBLIC HOUSING CONSTRUCTION AND PRESERVATION
                                   FUND
 SECTION 402-F. DEFINITIONS.
         402-G.  NEW  YORK CITY PUBLIC HOUSING CONSTRUCTION AND PRESERVA-
                  TION FUND.
         402-H. POWERS AND DUTIES OF THE FUND.
   § 402-F. DEFINITIONS. AS USED IN THIS TITLE, THE FOLLOWING TERMS SHALL
 HAVE THE FOLLOWING MEANINGS, UNLESS THE CONTEXT CLEARLY REQUIRES  OTHER-
 WISE:
   1. "FUND" SHALL MEAN THE NEW YORK CITY PUBLIC HOUSING CONSTRUCTION AND
 PRESERVATION FUND.
   2.  "BOARD"  SHALL  MEAN  THE  BOARD  OF TRUSTEES OF THE NEW YORK CITY
 PUBLIC HOUSING CONSTRUCTION AND PRESERVATION FUND.
   3. "PROJECT" SHALL HAVE THE SAME MEANING AS SET FORTH  IN  SUBDIVISION
 FOURTEEN OF SECTION THREE OF THIS CHAPTER.
   §  402-G.  NEW  YORK CITY PUBLIC HOUSING CONSTRUCTION AND PRESERVATION
 FUND. 1. THERE IS HEREBY ESTABLISHED A PUBLIC BENEFIT CORPORATION TO  BE
 KNOWN AS THE "NEW YORK CITY PUBLIC HOUSING CONSTRUCTION AND PRESERVATION
 FUND".
   2.  THE  FUND  SHALL BE GOVERNED BY, AND ITS POWERS SHALL BE EXERCISED
 BY, A BOARD OF TRUSTEES. NO MEMBER OF THE BOARD OF DIRECTORS OF THE  NEW
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD06416-01-1

 A. 3662                             2
 
 YORK CITY HOUSING AUTHORITY SHALL BE ONE OF THE APPOINTED MEMBERS OF THE
 BOARD,  NOR  SHALL AN OFFICER OR EMPLOYEE OF THE CITY OR STATE BE ONE OF
 THE APPOINTED MEMBERS OF THE BOARD.
   3. APPOINTED MEMBERS MAY ENGAGE IN PRIVATE EMPLOYMENT, OR IN A PROFES-
 SION  OR  BUSINESS,  UNLESS  OTHERWISE  PROHIBITED BY LAW, RULE OR REGU-
 LATION.
   4. TRUSTEES SHALL RECEIVE NO COMPENSATION FOR THEIR SERVICES BUT SHALL
 BE REIMBURSED FOR THE ACTUAL AND NECESSARY EXPENSES INCURRED BY THEM  IN
 THE PERFORMANCE OF THEIR OFFICIAL DUTIES AS TRUSTEES OF THE FUND.
   5.  THE BOARD SHALL APPOINT AS PRESIDENT OF THE FUND AN INDIVIDUAL WHO
 HAS EXTENSIVE EXECUTIVE-LEVEL CONSTRUCTION  EXPERIENCE.  THE  PRESIDENT,
 WHO  SHALL  NOT  BE  A MEMBER OF THE BOARD, SHALL BE THE CHIEF EXECUTIVE
 OFFICER OF THE FUND AND SHALL BE RESPONSIBLE FOR THE  DISCHARGE  OF  THE
 EXECUTIVE AND ADMINISTRATIVE FUNCTIONS AND POWERS OF THE FUND. THE PRES-
 IDENT SHALL SERVE AT THE PLEASURE OF THE BOARD.
   §  402-H.  POWERS  AND  DUTIES  OF THE FUND. NOTWITHSTANDING ANY OTHER
 PROVISION OF LAW TO THE CONTRARY, THE FUND SHALL HAVE THE POWER AND DUTY
 TO:
   1. APPOINT OFFICERS AND EMPLOYEES AND FIX THEIR COMPENSATION;
   2. DESIGN, CONSTRUCT, RECONSTRUCT,  IMPROVE,  REHABILITATE,  MAINTAIN,
 FURNISH,  REPAIR,  EQUIP  AND OTHERWISE PROVIDE FOR PROJECTS FOR THE NEW
 YORK CITY HOUSING AUTHORITY PURSUANT TO AGREEMENTS  WITH  THE  NEW  YORK
 CITY HOUSING AUTHORITY;
   3. ACQUIRE REAL AND PERSONAL PROPERTY, OR ANY INTEREST THEREIN, BY ANY
 METHOD,  NECESSARY  OR  CONVENIENT  FOR  THE  EXERCISE OF ITS FUNCTIONS,
 POWERS AND DUTIES;
   4. MAKE AND EXECUTE CONTRACTS AND ALL OTHER INSTRUMENTS  NECESSARY  OR
 CONVENIENT FOR THE EXERCISE OF ITS FUNCTIONS, POWERS AND DUTIES; AND
   5.  ENGAGE THE SERVICES OF PRIVATE CONSULTANTS ON A CONTRACT BASIS FOR
 RENDERING PROFESSIONAL AND TECHNICAL ASSISTANCE AND ADVICE.
   § 2. This act shall take effect on the one hundred eightieth day after
 it shall have become a law.