S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2741
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             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:

   Section 1. Section 32-a of the private housing finance law is  amended
 by adding two new subdivisions 15 and 16 to read as follows:
   15.  REVIEW  ANY  BIDS FOR A CONTRACT TO BE ENTERED INTO BY A LIMITED-
 PROFIT HOUSING COMPANY FOR AN AMOUNT OVER FIFTY THOUSAND DOLLARS.
   (A) BIDS SHALL BE REVIEWED IN A MANNER SO AS TO ASSURE THE PRUDENT AND
 ECONOMICAL USE OF MONEYS AND IN THE BEST INTEREST  OF  SHAREHOLDERS,  TO
 FACILITATE  THE ACQUISITION OF MATERIALS, SUPPLIES AND SERVICES OF MAXI-
 MUM QUALITY AT THE LOWEST POSSIBLE COST UNDER THE CIRCUMSTANCES  AND  TO
 GUARD   AGAINST   FAVORITISM,   IMPROVIDENCE,  EXTRAVAGANCE,  FRAUD  AND
 CORRUPTION. TO FURTHER SUCH OBJECTIVES, AN AUTHORITY SHALL ADOPT  INTER-
 NAL  POLICIES  AND  PROCEDURES  GOVERNING ALL PROCUREMENTS OF MATERIALS,
 SUPPLIES AND SERVICES OVER FIFTY THOUSAND DOLLARS.
   (B) SUCH POLICIES AND PROCEDURES SHALL CONTAIN  PROVISIONS  WHICH,  AT
 MINIMUM:
   (I)  PRESCRIBE  A  PROCEDURE  FOR DETERMINING WHETHER A PROCUREMENT OF
 MATERIALS, SUPPLIES, AND SERVICES IS SUBJECT TO A SEALED BID  AND  DOCU-
 MENTING  THE  BASIS  FOR  ANY  DETERMINATION  THAT  A  SEALED BID IS NOT
 REQUIRED BY LAW;
   (II) SET FORTH WHEN EACH SUCH METHOD OF PROCUREMENT WILL BE  UTILIZED,
 TAKING  INTO ACCOUNT WHICH METHOD WILL BEST FURTHER THE PURPOSES OF THIS
 SUBDIVISION AND THE COST-EFFECTIVENESS OF THE METHOD;
   (III) REQUIRE ADEQUATE DOCUMENTATION OF ACTIONS  TAKEN  IN  CONNECTION
 WITH EACH SUCH METHOD OF PROCUREMENT; AND
   (IV)  IDENTIFY  THE  RESPECTIVE  TITLES  OF  PERSONS  RESPONSIBLE  FOR
 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
 
   16. THE DIVISION OF HOUSING AND COMMUNITY RENEWAL  AND  THE  NEW  YORK
 CITY  DEPARTMENT  OF  HOUSING PRESERVATION AND DEVELOPMENT SHALL COLLAB-
 ORATE TO DEVELOP A PROCUREMENT AND BID  CORRUPTION  PREVENTION  TRAINING
 PROGRAM.   SUCH PROCUREMENT CORRUPTION PREVENTION TRAINING PROGRAM SHALL
 BE  INTERACTIVE, GIVEN TO BOARD MEMBERS OF MITCHELL-LAMA DEVELOPMENTS AS
 A PART OF THEIR REQUIRED TRAINING AND INCLUDE:
   (I) INFORMATION CONCERNING THE FEDERAL, STATE, AND LOCAL  STATUES  AND
 REGULATIONS RELATED TO GRATUITIES AND BRIBES;
   (II) INFORMATION CONCERNING CRIMINAL LIABILITIES RELATED TO GRATUITIES
 AND BRIBES;
   (III) EXAMPLES OF CONDUCT THAT WOULD CONSTITUTE GRATUITIES AND BRIBES;
 AND
   (IV)  EXAMPLES  OF  FAVORITISM,  IMPROVIDENCE, EXTRAVAGANCE, FRAUD AND
 CORRUPTION THAT MAY UNDERMINE THE BIDDING PROCESS.
   § 2. This act shall take effect on the ninetieth day  after  it  shall
 have become a law.