N.Y. Private Housing Finance Law § 924: Transfer of authority, administration and appropriations

§ 924. Transfer of authority, administration and appropriations. 1. On

and after the effective date of this article, all obligations of the

division with respect to the division urban initiatives program shall

become the obligations of the corporation and the corporation shall be

responsible for the administration of the division urban initiatives

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

matters, records and things relating to such program 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 the

division urban initiatives program from the division of housing and

community renewal.

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

division or the commissioner with respect to the administration of the

division urban initiatives program 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modified or rescinded by the corporation.