N.Y. Private Housing Finance Law § 1057: Transfer of authority, administration and appropriations

§ 1057. Transfer of authority, administration and appropriations. 1.

On and after the effective date of this section, all obligations of the

division with respect to rural area revitalization projects shall become

the obligations of the corporation and the corporation shall be

responsible for the administration of all rural area revitalization

projects. The division shall provide for the orderly transfer of all

matters, records and things relating to rural revitalization projects to

the corporation.

2. Notwithstanding the provisions of any general or special law, the

director of the budget is authorized to transfer to the corporation

funds otherwise appropriated or reappropriated for the purposes of rural

area revitalization projects to the division of housing and community

renewal.

3. All rules, regulations, acts, determinations and decisions of the

division or the commissioner thereof with respect to the administration

of rural area revitalization projects in force on the effective date of

this section shall continue in force and effect as rules, regulations,

acts, determinations and decisions of the corporation until duly

modified or rescinded by the corporation.