L. 1901, ch. 466, § 192 amended. Budget appropria tion. CHAPTER 20 AN ACT to amend the Greater New York charter, in relation to the amounts to be included as appropriations in the budgets for the years nineteen hundred thirty-five, nineteen hundred thirty-six and nineteen hundred thirty-seven, respectively, pursuant to chapter eight hundred thirty-one of the laws of nineteen hundred thirty-three, as amended Became a law February 8, 1935, with the approval of the Governor. Passed, on emergency message, by a two-thirds vote The People of the State of New York, represented in Senate and Assembly, do enact as follows: Section 1. Section one hundred ninety-two of the Greater New York charter, as re-enacted by chapter four hundred sixty-six of the laws of nineteen hundred one, and as last amended by chapter eight hundred fifty of the laws of nineteen hundred thirty-four, is hereby amended to read as follows: $192. There shall be included as an appropriation in the budget. of the city of New York for the year nineteen hundred thirty-four an amount equal to twenty-five per centum of the average of the amounts of the real estate taxes due and uncollected on December thirty-first of the years nineteen hundred thirty, nineteen hundred thirty-one and nineteen hundred thirty-two, respectively, not to exceed, however, the sum of twenty-five million dollars; and in the budget for the year nineteen hundred thirty-five an amount equal to fifty per centum of the average of the amounts of the real estate taxes due and uncollected on December thirty-first of the three years preceding the year during which such budget is prepared, not to exceed, however, sixteen million dollars; and in the budget for each of the years nineteen hundred thirty-six and nineteen hundred thirty-seven, an amount equal to fifty per centum of the average of the amounts of the real estate taxes due and uncollected on December thirty-first of the three years preceding the year during which such budget is prepared, respectively, the amount so included in respect of the budget for each of such years nineteen hundred thirty-six and nineteen hundred thirty-seven, not to exceed, however, the sum of twenty million dollars. appropriation included in the budget for each of the years nineteen hundred thirty-six and nineteen hundred thirty-seven may be reduced, respectively, by an amount equal to the amount which the comptroller was authorized to borrow, but did not in fact borrow, on the thirty-first day of December, nineteen hundred thirty-five, and the thirty-first day of December, nineteen hundred thirty-six, respectively, pursuant to the provisions of section one hundred ninety-one, which reduction shall not exceed in any event five million dollars. Such appropriation for each of such years shall be included in the levy of taxes on real estate. The Nothing contained in this section shall require the inclusion of such appropriation in the budget for any such year if at the time of the preparation of such budget all revenue bills issued in anticipation of all tax installments which have previously become due and payable and all revenue notes issued under this title shall have been fully paid and discharged. § 2. This act shall take effect immediately. CHAPTER 21 AN ACT to authorize the board of estimate and apportionment and the board of aldermen of the city of New York to include in the budget for nineteen hundred thirty-five, as finally adopted, an additional sum of five million dollars as a reserve against tax delinquencies Became a law February 8, 1935, with the approval of the Governor. Passed, on emergency message, by a two-thirds vote The People of the State of New York, represented in Senate and Assembly, do enact as follows: ch. 466, made. Section 1. The board of estimate and apportionment and the L. 1991, board of aldermen of the city of New York, notwithstanding the § 226-c, provisions of section two hundred twenty-six-c of the Greater New exception York charter, may include in the budget for the year nineteen hundred thirty-five, as finally adopted and filed in the office of the comptroller, an additional sum of five million dollars to comply with the provisions of section one hundred ninety-two of the Greater New York charter. § 2. This act shall take effect immediately. CHAPTER 22 AN ACT to amend chapter eight hundred ninety-seven of the laws of nineteen hundred thirty-four, entitled "An act to authorize corporations and private bankers subject to the provisions of the banking law to make loans, advances of credit and purchases in accordance with the provisions of an act of congress, entitled 'national housing act,' approved by the president on June twenty-seventh, nineteen hundred thirty-four, and exempting such loans, advances of credit and purchases from the application of general statutes,' in relation to empowering such corporations and private bankers to purchase certain securities issued by the administrator and national mortgage associations under the national housing act Became a law February 8, 1935, with the approval of the Governor. Passed, three-fifths being present The People of the State of New York, represented in Senate and Assembly, do enact as follows: ch. 897, Section 1. Section one of chapter eight hundred ninety-seven L. 1934, of the laws of nineteen hundred thirty-four, entitled "An act to amended. authorize corporations and private bankers subject to the provisions of the banking law to make loans, advances of credit and purchases in accordance with the provisions of an act of congress, entitled 'national housing act,' approved by the president on June Loans authorized. Loans securityexempt. twenty-seventh, nineteen hundred thirty-four, and exempting such loans, advances of credit and purchases from the application of general statutes" is hereby amended to read as follows: § 1. Subject to such regulations as may be prescribed by the federal housing administrator, acting pursuant to the act of congress, entitled "national housing act," approved on June twentyseventh, nineteen hundred thirty-four, and to such regulations as the banking board finds to be necessary and proper, corporations and private bankers subject to the banking law are authorized: (a) To make such loans and advances of credit and purchases of obligations representing loans and advances of credit as are eligible for insurance pursuant to title one section two of such national housing act and to obtain such insurance and accept the benefits thereof. (b) To make such loans secured by mortgages on real property as are eligible for insurance pursuant to title two of such national housing act and to obtain such insurance and accept the benefits thereof. (c) To invest in and hold the debentures issued by the federal housing administrator pursuant to section two hundred four of such national housing act, and notes, bonds, debentures and other such obligations issued by national mortgage associations pursuant to section three hundred two of such act, and, with the consent of the banking board upon a two-thirds vote of all the members, to invest in and hold the stock of such national mortgage associations. No law of this state prescribing the nature, amount or form of security or requiring security upon which loans or advances of credit may be made, or prescribing or limiting interest rates upon loans or advances of credit, or prescribing or limiting the period for which loans or advances of credit may be made shall be deemed to apply to loans, advances of credit or purchases made pursuant to the foregoing paragraph* (a) and (b). § 2. This act shall take effect immediately. L. 1914. ch. 369, § 106. CHAPTER 23 AN ACT to amend the banking law, in relation to authorizing banks and trust companies to maintain deposit insurance in Federal Deposit Insurance Corporation Became a law February 8, 1935. with the approval of the Governor. Passed, three-fifths being present The People of the State of New York, represented in Senate and Assembly, do enact as follows: Section 1. Section one hundred six of chapter three hundred and sixty-nine of the laws of nineteen hundred fourteen, entitled 'An act in relation to banking corporations, and individuals, partnerships, unincorporated associations and corporations under the So in original. supervision of the banking department, constituting chapter two of the consolidated laws," as last amended by chapter two hundred thirty of the laws of nineteen hundred thirty-three, is hereby amended by adding thereto a new subdivision, to be subdivision ten, to read as follows: 10. To hold so much of the stock of, and assume and discharge such obligations to Federal Deposit Insurance Corporation as may be necessary or required for the purpose of maintaining deposit insurance in such corporation, whether heretofore or hereafter acquired. § 2. Section one hundred eighty-five of said chapter as last amended by chapter two hundred thirty of the laws of nineteen hundred thirty-three, is hereby amended by adding thereto a new subdivision, to be subdivision fourteen, to read as follows: 14. To hold so much of the stock of, and assume and discharge such obligations to Federal Deposit Insurance Corporation as may be necessary or required for the purpose of maintaining deposit insurance in such corporation, whether heretofore or hereafter acquired. §3. This act shall take effect immediately. CHAPTER 24 AN ACT to amend the state finance law, the education law and the correction law, in relation to the fiscal supervision of certain state institutions, transferring appropriations made for the maintenance and operation thereof, and repealing section fifty-six of the state departments law, relating to the construction, alteration, improvement and repair of buildings for such institutions Became a law February 8, 1935, with the approval of the Governor. Passed, three-fifths being present The People of the State of New York, represented in Senate and Assembly, do enact as follows: ch. 58, 155 Section 1. Sections one hundred fifty, one hundred fifty-one, L. 1909, one hundred fifty-two and one hundred fifty-five of chapter fifty- $ 150. eight of the laws of nineteen hundred nine, entitled "An act in 151, 152, relation to state finance, constituting chapter fifty-six of the con- amended. solidated laws," section one hundred fifty having been added by chapter one hundred fifty-eight of the laws of nineteen hundred twenty-seven and last amended by chapter two hundred forty-nine of the laws of nineteen hundred thirty-four, sections one hundred fifty-one and one hundred fifty-two having been added by chapter one hundred fifty-eight of the laws of nineteen hundred twentyseven, and section one hundred fifty-five having been added by chapter four hundred fifty-three of the laws of nineteen hundred thirty-one, are hereby amended to read, respectively, as follows: § 150. Fiscal supervision, generally, of certain specified institutions. Notwithstanding any other provision of law, relative to the Social certain in Dept. of supervision and control by departments of the institutions named Welfare to in this section, the department of social welfare shall have the control powers and duties prescribed by this article, with respect to the folstitutions. lowing institutions: the state agricultural and industrial school at Industry, the New York state training school for boys at Warwick, the New York state training school for girls at Hudson, the New York state woman's relief corps home at Oxford, and the Thomas Indian school at Iroquois; the department of health shall have the powers and duties prescribed by this article with respect. to the New York state reconstruction home at West Haverstraw, the New York state hospital for the treatment of incipient pulmonary tuberculosis at Ray Brook and the three tuberculosis hospitals provided for by chapter four hundred eighty-one of the laws of nineteen hundred thirty-one. An "institution reporting to the department of social welfare," as such expression is used in this article, means one of the five institutions first named in this section. § 151. Quarterly or monthly estimates of expenses. The superintendent of each of the institutions reporting to the department of social welfare shall quarterly or monthly, and upon such day as the department of social welfare shall direct, cause to be prepared triplicate estimates, in such detail as may be required by the department of social welfare, of the expense required for the institution for the ensuing quarter or month. The superintendent of such institution shall countersign and submit two of each triplicates to the department of social welfare and retain the other to be placed on file in the office of the institution. The department of social welfare may reduce the number of employees when in its judgment a decrease in the population of the institution justifies such reduction. The department of social welfare may revise each estimate for supplies or other expenditures, either as to quantity, quality or the estimated cost thereof and shall certify that it has carefully examined the same and that the expenditures contained in such estimate, as approved and revised by it, are actually required for the use of the institution and shall thereupon present such estimate and certificate to the superintendent of standards and purprocedure. chase as a requisition by the department so far as it pertains to equipment, materials and supplies and such superintendent subject to the provisions of article seven of this chapter defining his powers and duties, shall transmit it to the comptroller. Upon the revision and approval of such estimate by the department of social welfare and the superintendent of standards and purchase, as herein provided, the comptroller shall audit such estimate, and shall authorize the treasurer of such institution to make drafts on him as the money may be required for the purposes mentioned in the estimate, which drafts shall be paid on his warrants out of moneys in the state treasury appropriated for the support of the institution. The treasurer of any such institution shall pay no accounts unless they are contained in the estimate provided in this section and duly approved by such superintendent. Nor Expense estimates; |