| 2003 Green Book | ||||
| Backward | Forward | Cover | Overview | Table of Contents |
| DIVISION OF HOUSING AND COMMUNITY RENEWAL |
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Adjusted Appropriation 2002-03 |
Executive Request 2003-04 |
Legislative Appropriation 2003-04 |
Change | ||
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| STATE OPERATIONS | |||||
| General Fund | 29,868,000 | 27,777,000 | 27,777,000 | 0 | |
| Special Revenue-Other | 47,634,000 | 49,001,000 | 49,001,000 | 0 | |
| Special Revenue-Federal | 8,700,000 | 8,700,000 | 8,700,000 | 0 | |
| Total for STATE OPERATIONS | 86,202,000 | 85,478,000 | 85,478,000 | 0 | |
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| AID TO LOCALITIES | |||||
| General Fund | 64,041,735 | 47,304,000 | 54,615,500 | 7,311,500 | |
| Special Revenue-Federal | 92,450,000 | 92,450,000 | 92,450,000 | 0 | |
| Fiduciary | 10,000,000 | 10,000,000 | 10,000,000 | 0 | |
| Total for AID TO LOCALITIES | 166,491,735 | 149,754,000 | 157,065,500 | 7,311,500 | |
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| CAPITAL PROJECTS | |||||
| Housing Program Fund | 74,200,000 | 74,200,000 | 74,200,000 | 0 | |
| Total for CAPITAL PROJECTS | 74,200,000 | 74,200,000 | 74,200,000 | 0 | |
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The Legislature appropriates $316,743,500 on an All Funds basis, an increase of $7,311,500 over the Executive budget submission. The increase reflects restoration of funding for two existing Aid to Localities programs, $2,345,000 for the Rural Preservation Program and $4,966,500 for the Neighborhood Preservation Program. |
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Article VII |
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The Legislature denies the Executive’s Article VII proposal to direct DHCR to terminate existing contracts and re-establish new funding and program standards for the Neighborhood and Rural Preservation Programs. |
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The Legislature approves legislation that would raise the Service Contract Obligation Revenue (SCOR) bond cap by $116,000,000 in order to provide the bonding authority necessary to finance additional appropriations approved for housing capital projects. |
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The Legislature provides $75,000 in funding to the Neighborhood Preservation Coalition to provide technical assistance and services to Neighborhood Preservation Companies. This is a set aside of Neighborhood Preservation funding provided within the amounts appropriated. |
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The Legislature provides $135,000 in funding to the Rural Housing Coalition to provide technical assistance and services to Rural Preservation Companies. This is a set aside of Rural Preservation funding provided within the amounts appropriated. |
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The Legislature amends the Private Housing Finance Law to raise the existing aggregate lifetime cap limit for neighborhood preservation companies to $1,760,000. |
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The Legislature amends the Private Housing Finance Law to raise the existing aggregate lifetime cap limit for rural preservation companies to $1,760,000. |
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Legislative Additions |
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The Legislature provides funding for the following: |
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| PROGRAM | APPROPRIATION | VETO # | |
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| NEIGHBORHOOD PRESERVATION PROGRAM | $4,966,500 | 112 | |
| RURAL PRESERVATION PROGRAM | $2,345,000 | 105 | |
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*All program appropriations vetoed by the Executive, as indicated by a veto message number, were subsequently overridden by the Legislature. |
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