Adjusted   Executive  Legislative
                             Approp.     Request     Approp.  
                             2001-02     2002-03     2002-03      Change
   
STATE OPERATIONS
  General Fund           30,747,700   29,868,000   29,868,000           0 
  Special Rev. Fed.       8,696,500    8,700,000    8,700,000           0 
  Special Rev. Other     45,926,500   47,634,000   47,634,000           0 
  Total for 
    STATE OPERATIONS:    85,370,700   86,202,000   86,202,000           0 

AID TO LOCALITIES
  General Fund           59,533,000   57,304,000   59,804,000   2,500,000 
  Special Rev. Fed.      25,450,000   34,450,000   92,450,000  58,000,000 
  Fiduciary              10,000,000   10,000,000   10,000,000           0 
  Total for Agency:      94,983,000  101,754,000  162,254,000  60,500,000 
  Total Grants In Aid:            0            0    4,237,735   4,237,735 
  Total for 
    AID TO LOCALITIES:   94,983,000  101,754,000  166,491,735  64,737,735 

CAPITAL PROJECTS
  Capital Projects Fund  74,200,000   74,200,000   74,200,000           0 
  Total for 
    CAPITAL PROJECTS:    74,200,000   74,200,000   74,200,000           0 


LEGISLATIVE ACTION

The Legislature appropriates $327,393,735 on an All Funds basis, an 
increase of $64,737,735 from the Executive budget submission.  The increase 
reflects additional funding for two existing Aid to Localities programs, 
$500,000 for the Rural Preservation Program, and $1,500,000 for the 
Neighborhood Preservation Program.  The Legislature also provides $500,000 
for the Long Island Housing Partnership, Inc. for the Homeownership 
Emergency Mortgage Assistance Program.  The Legislature appropriates 
$58,000,000 in federal funds for the Small Cities Community Development 
Block Grant Program.  Finally, the Legislature provides $4,237,735 in 
additional funding for community based programs.

Article VII

The Legislature approves legislation that would raise the Service Contract 
Obligation Revenue (SCOR) bond cap by $175,000,000, a $25,000,000 increase 
over the Executive budget submission, in order to provide the bonding 
authority necessary to finance additional appropriations approved for 
housing capital projects.

The Legislature approves the Executive's proposal that would increase the 
aggregate dollar amount of tax credits available for the State's Low Income 
Housing Tax Credit Program from $2,000,000 to $4,000,000.

The Legislature amends the private housing finance law to raise the 
existing contractual limit for neighborhood preservation companies to 
$1,680,000.

The Legislature amends the private housing finance law to raise the 
existing contractual limit for rural preservation companies to $1,680,000.

The Legislature extends the Loft Law for another two years until May 31, 
2004.

The Legislature provides $100,000 in funding to the Neighborhood Preservation 
Coalition to provide technical assistance and services to Neighborhood 
Preservation Companies.

The Legislature also provides $150,000 in funding to the Rural Housing 
Coalition to provide technical assistance and services to Rural Preservation 
Companies. 

Legislative Additions

The Legislature provides funding for the following:


   SMALL CITIES COMMUNITY DEVELOPMENT BLOCK GRANT.    $58,000,000
   NEIGHBORHOOD PRESERVATION PROGRAM.                  $1,500,000
   LONG ISLAND HOUSING PARTNERSHIP, INC..                $500,000
   RURAL PRESERVATION PROGRAM.                           $500,000 
   URBAN HOMEOWNERSHIP ASSISTANCE PROGRAM.               $440,000
   LEAD POISONING PREVENTION AND DEMONSTRATION PROGRAM.  $150,000