2002 Green Book
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URBAN DEVELOPMENT CORPORATION
 

                           Adjusted   Executive       Legislative
                            Approp.     Request        Approp.  
                            2001-02     2002-03        2002-03       Change
   
AID TO LOCALITIES
  General Fund           89,504,100     95,504,100   59,204,100   (36,300,000)
  Total for Agency:      89,504,100     95,504,100   59,204,100   (36,300,000)
  Total Grants In Aid:            0              0   15,665,000    15,665,000 
  Total for 
    AID TO LOCALITIES:   89,504,100     95,504,100   74,869,100   (20,635,000)

CAPITAL PROJECTS
  Capital Projects Fund           0  1,000,000,000   14,300,000  (985,700,000)
  Total for 
    CAPITAL PROJECTS:             0  1,000,000,000   14,300,000  (985,700,000)


LEGISLATIVE ACTION

The Legislature provides appropriations totaling $89,169,100 on an All Fund 
basis, a reduction of $1,006,335,000 from the Executive's proposed budget for 
SFY 2002-03. The reduction primarily reflects a redirection and reallocation of 
Capital Projects appropriation authority to a miscellaneous capital projects 
appropriation.

Legislative Reductions

The Legislature denies the Executive's proposed Aid to Localities appropriation 
of $25,000,000 for the Empire Opportunity Fund (EOF). 

The Legislature reduces the Executive's proposed Aid to Localities appropriation 
for the Jobs Now Program by $14,300,000, however, the Legislature provides a 
$14,300,000 Capital Projects appropriation for this Program.  Spending from the 
Capital Projects appropriation will be reimbursed with bonds proceeds.

The Legislature redirects and reallocates $1,000,000,000 of the Executive's 
proposed Capital Projects appropriations for High Technology, Empire Opportunity 
Fund, and Multi-Modal Programs to a Miscellaneous All State Departments and 
Agencies Capital Projects appropriation.
 
Legislative Changes

The Legislature provides funding for the following:

--   Griffiss Air Force Base Redevelopment                 $1,400,000
--   Niagara Falls Air Force Base                            $100,000
--   Plattsburgh Air Force Base Improvements               $1,400,000
--   Seneca Army Depot Local Redevelopment Authority         $100,000

The Legislature suballocates $2,000,000 from the Urban and Community Development 
Program for Downtown Development Initiatives.

The Legislature provides suballocations from the Minority and Women-Owned 
Business Development and Lending Program as follows: up to $1,000,000 for the 
Community Development Financial Institutions Program; $1,300,000 for the 
Entrepreneurial Assistance Program; and up to $525,000 for linked deposit 
in federal and state-chartered credit unions for loans to minority and women 
owned businesses.

Article VII

The Legislature accepts the Executive's proposal to authorize the New York 
State Dormitory Authority to provide $1,200,000 to support the operation of 
the Cornell Theory Center supercomputer.

The Legislature accepts the Executive's proposal to authorize a $25,000,000 
loan to Crossroad Arena, LLC for the construction of the HSBC Arena located 
in the City of Buffalo and a $1,400,000 loan to the City of Binghamton for 
the construction of the Binghamton Municipal Stadium to be forgiven.

The Legislature authorizes the Urban Development Corporation to forgive an 
$8,000,000 loan made to the City of Buffalo for the development of a parking 
facility at a site between Pearl and Franklin Streets in Buffalo (Augspurger 
Parking Ramp).

The Legislature denies the Executive's proposal to make the Urban Development 
Corporation (UDC) loan powers permanent, however, the Legislature provided for 
an extension of these loan powers for one year until July 1, 2003.

The Legislature provides language to govern the interchange of the Urban 
Development Corporation corporate funds.

The Legislature provides for the reestablishment of statutory authority of 
the Empire State Economic Development Fund (EDF).

The Legislature denies the Executive's proposal authorizing the issuance 
bonds up to $250,000,000 for high technology capital projects.

The Legislature denies the Executive's proposal for establishment of the 
Empire Opportunity Funds, a new subsidiary of UDC.


Legislative Additions

The Legislature provides funding for the following:

   OTHER URBAN DEVELOPMENT CORPORATION INITIATIVES.         $4,000,000
   VARIOUS URBAN DEVELOPMENT CORPORATION PROJECTS.          $4,000,000
   FOR VARIOUS ECONOMIC, COMMUNITY DEVELOPMENT 
     AND ENVIRONMENTAL PROJECTS.                            $2,000,000
   GRIFFISS AIR FORCE BASE REDEVELOPMENT.                   $1,400,000
   PLATTSBURGH AIR FORCE BASE.                              $1,400,000
   BILINGUAL COMMUNITY OUTREACH.                            $1,125,000
   AMERICAN  AXLE/TONAWANDA FORGE.                            $600,000
   GARMENT INDUSTRY DEVELOPMENT CENTER.                       $500,000
   BROOKLYN CHAMBER.   $425,000
   MDA   NEW YORK INDOOR ENVIRONMENTAL QUALITY CENTER.        $219,000
   WATERVLIET ARSENAL   REVITALIZATION.                       $210,000
   CHINA TOWN MANPOWER PROJECT.                               $155,000
   JAMAICA BUSINESS DISTRICT DEVELOPMENT STUDY.               $130,000
   NIAGARA FALLS AIR FORCE BASE REDEVELOPMENT.                $100,000
   SOUNDVIEW COMMUNITY IN ACTION LDC.                         $100,000
   SENECA FALLS AIR FORCE BASE.                               $100,000
   LOWER EAST SIDE MERCHANTS ASSOCIATION BID.                  $68,000
   H.O.M.E.E. CLINIC.                                          $58,500
   NEW YORK INDUSTRIAL RETENTION NETWORK (NYIRN).              $50,000
   CAPITAL REGION LOC, INC..                                   $50,000
   NYIRN   QUEENS MANUFACTURING INITIATIVE.                    $50,000
   BUSINESS OUTREACH CENTER   NORTHERN MANHATTAN.              $50,000
   THE DAVINCI PROJECT OF CENTRAL NEW YORK.                    $45,000
   MOSHOLU PRESERVATION CORPORATION.                           $35,000
   NATIONAL TOOLING AND MACHINING ASSOCIATION.                 $35,000
   KINGSBRIDGE RIVERDALE VANCORTLANDT DEVELOPMENT 
     CORPORATION.                                              $35,000
   BUSINESS OUTREACH CENTER SOUTH BROOKLYN.                    $30,000
   JACKSON HEIGHTS COMMUNITY DEV. CORP.   
     BUSINESS OUTREACH CENTER.                                 $25,000
   BUFFALO NIAGARA COLLABORATIVE JOB SEARCH DATABANK.          $25,000
   JAMAICA CHAMBER OF COMMERCE   
     IMMIGRANT MERCHANT PROGRAM.                               $22,500
   CULTURAL COLLABORATIVE JAMAICA.                             $15,000
   CANISIUS COLLEGE CENTER FOR 
     PROFESSIONAL DEVELOPMENT.                                 $15,000
   TAUB RESEARCH CENTER.                                       $15,000
   INFO TECH NIAGARA.                                          $15,000
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