N.Y. Mental Hygiene Law § 41.48: Real property acquisition options

§ 41.48 Real property acquisition options.

(a) Notwithstanding any inconsistent provision of this article and

within appropriations made therefor, the commissioners of the office of

mental health and the office for people with developmental disabilities

are authorized upon the application of voluntary agencies, to make

payments for the reasonable price of options to acquire an interest in

real property, for the purpose of establishing a community mental

hygiene facility. Such applications shall be made in the manner and on

forms prescribed by the appropriate commissioner. Sellers of real

property who are required to disclose financial or other beneficial

interests in such property under section 41.46 of this article shall not

be eligible to receive payments under this section.

(b) The comptroller is authorized, pursuant to section one hundred

fifteen of the state finance law, to establish a cash advance account

for the purpose of payment of options under this section. Such payments

may only be made by a bonded employee, designated by the appropriate

commissioner, from the cash advance account established for such

purpose.

(c) As used in this section the term "reasonable price" shall mean an

amount that is not in excess of guidelines developed by the commissioner

of the office of mental health or the commissioner of the office for

people with developmental disabilities and approved by the director of

the budget and the state comptroller.