NY Priv Hous Fin L § 45-C (2021)
2021 New York Laws PVH - Private Housing Finance Article 3 - New York State Housing Finance Agency 45-C - Homeless Housing and Assistance Corporation.

§  45-c.  Homeless  housing  and  assistance  corporation. 1. There is hereby established a public benefit corporation known as  the  "homeless housing  and  assistance corporation" as a subsidiary corporation of the agency.   2. The agency may transfer to such subsidiary  corporation  any  real, personal  or  mixed property in order to carry out the purposes of title one of article  two-A  of  the  social  services  law.  Such  subsidiary corporation shall have all the privileges, immunities, tax exemption and other  exemptions  of  the  agency  to  the  extent  the  same  are  not inconsistent with this section.   3. The membership of such subsidiary corporation shall consist of  the commissioner   of   social   services,  who  shall  also  serve  as  its chairperson, the chairperson of the agency and one additional member  to be  appointed  by the chairperson of the homeless housing and assistance corporation, who shall serve at the pleasure of  such  chairperson.  The powers  of  the  corporation shall be vested in and exercised by no less than two of the members thereof then  in  office.  The  corporation  may delegate  to  one  or  more  of its members, or its officers, agents and employees, such duties and powers as it may deem proper.   3-a. The commissioner of social services,  and  the  chairman  of  the agency  may each appoint an individual to represent them at all meetings of  the  corporation  from  which  they  may   be   absent.   Any   such representative  so designated shall have the power to attend and to vote at any meeting of the corporation  as  if  the  commissioner  of  social services  or  chairperson  of  the  agency were present and voting. Such designation shall be by written notice filed with the chairperson of the corporation. The designation of such person shall continue until revoked at any time by written notice  to  such  chairperson.  Such  designation shall  not  be  deemed  to limit the power of the commissioner of social services or the chairperson of the agency to  attend  and  vote  at  any meeting of the corporation.   4.  No  officer  or  member  of  the  corporation  shall  receive  any additional  compensation,  either  direct  or   indirect,   other   than reimbursement   for  actual  and  necessary  expenses  incurred  in  the performance of his duties,  by  reason  of  his  serving  as  a  member, director, or trustee of such subsidiary corporation.   5.  Notwithstanding  any  inconsistent  provisions  of  law,  general, special or local, no officer or employee of the state, or of  any  civil division  thereof, or any public benefit corporation, shall be deemed to have forfeited or shall forfeit his office or employment  by  reason  of his acceptance of membership on the corporation created by this section.   6. The fiscal year of such subsidiary corporation shall begin with the first  day  of  April  of  each  year  and  end  with the next following thirty-first day of March.   7. The corporation shall have the power to:  (a) Sue and be sued;  (b) Have a seal and alter the same at pleasure;  (c)  Make  and  alter  by-laws  for  its  organization  and   internal management  and  make  rules  and  regulations  governing the use of its property and facilities;  (d) Make and execute contracts and all other instruments necessary  or convenient  for  the  exercise  of  its  powers and functions under this chapter;  (e) Acquire, hold and dispose of real or  personal  property  for  its corporate purposes;  (f) Engage the services of private consultants on a contract basis for rendering professional and technical assistance advice;  (g)  Procure  insurance  against  any  loss  in  connection  with  its activities, properties and other assets, in such amount  and  from  such insurance as it deems desirable; and  (h) Invest any funds of the corporation, or any other monies under its custody  and  control not required for immediate use or disbursement, at the discretion of the corporation, in obligations of the  state  or  the United  States  government  or obligations the principal and interest of which  are  obligations  in  which  the  comptroller  of  the  state  is authorized  to  invest  pursuant  to  section  ninety-eight of the state finance law.   8. The corporation may do any and all things necessary  or  convenient to  carry  out and exercise the powers given and granted by this section and title one of article two-A of the social services law including, but not limited to contracting with the commissioner of social  services  to administer  any  of  the provisions of title one of article two-A of the social services law.   9. The agency and  all  other  state  officers,  departments,  boards, divisions,   commissions,   public   authorities   and   public  benefit corporations may render such services to the  corporation  within  their respective functions as may be requested by the corporation.   10.  Notwithstanding  the  provisions  of  article one-A of the public authorities law, contracts entered into by the corporation  pursuant  to title  one  of  article  two-A  of  the social services law shall not be subject to the provisions of article one-A  of  the  public  authorities law.