NY Soc Serv L § 131-I-2 (2021)
2021 New York Laws SOS - Social Services Article 5 - Assistance and Care Title 1 - General Provisions 131-I*2 - Family Loan Program.

* §  131-i. Family loan program. 1. From amounts appropriated for such   purpose, the department of labor in consultation with the department  is   hereby  authorized  and  directed  to  solicit  proposals  to  establish   programs to be known  as  family  loan  programs.  Such  programs  shall   provide  small, no-interest loans to custodial parents with income below   two hundred percent of the federal poverty level and who are working  or   enrolled  in  a post-secondary education program, to aid in covering the   costs of unexpected expenses that could interfere with their ability  to   maintain  employment  or  continue  education.  Loans  awarded through a   family loan program may be paid directly to a third party on behalf of a   loan recipient and  in  either  case  shall  not  constitute  income  or   resources  for the purposes of public assistance and care so long as the   funds are used for the intended purpose.2. The commissioner of labor shall enter into written agreements  with   not-for-profit  organizations or local government agencies to administer   loan pools. Agreements shall be entered into  with  no  more  than  four   organizations  and/or  agencies,  no  more  than  one  of which shall be   located in the city of New York.3. Program sites shall be approved based on the  demonstrated  ability   of  the  organization  or  governmental  agency  to  secure funding from   private and/or public sources sufficient to establish a loan pool to  be   maintained   through  repayment  agreements  entered  into  by  eligible   low-income families.  Funds  awarded  by  the  department  of  labor  to   approved  program  sites  shall  be  used  for  the  express purposes of   covering staffing and administration costs associated with administering   the loan pool.4. From amounts appropriated for such purpose, the department of labor   in consultation with the office of temporary and  disability  assistance   is  hereby  authorized and directed to solicit proposals to establish up   to four new family loan programs. Such programs shall operate  according   to  provisions  set  forth  in  subdivision  one  through  three of this   section; provided, however,  that  such  programs  may  provide  no-  or   low-interest  loans, and further provided that applications submitted by   a  consortium  of  not-for-profit  organizations  or  local   government   agencies  shall be viewed as one program and may receive greater funding   by the department of labor than an application  submitted  by  a  single   organization  or  agency.  Low-interest  loans  shall  not exceed a rate   greater  than  two-thirds  of  the   prime   rate.   No   not-for-profit   organization   or   local   government   agency   awarded  funding  from   appropriations  made  in  the  nineteen  hundred  ninety-seven--nineteen   hundred  ninety-eight  fiscal  year  shall  be  eligible  for funds made   available   from   appropriations   made   in   the   nineteen   hundred   ninety-nine--two thousand fiscal year.* NB There are 2 § 131-i's