N.Y. Private Housing Finance Law Section 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in force and effect as rules, regulations, acts, determinations and decisions of the corporation until duly modified or rescinded by the corporation.

Source: Section 924 — Transfer of authority, administration and appropriations, https://www.­nysenate.­gov/legislation/laws/PVH/924 (updated Sep. 22, 2014; accessed Nov. 1, 2025).

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Verified:
Nov. 1, 2025

Last modified:
Sep. 22, 2014

§ 924. Transfer of authority, administration & appropriations's source at nysenate​.gov

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