KEN LOVETT, NY Daily News
Attorney General Eric Schneiderman doesn’t care who controls the state’s share of the JP Morgan Chase housing settlement funds as long as they go toward their intended purposes–solving foreclosure and housing issues in the state, a spokesman for the AG insisted Monday.
The Daily News reported in Monday’s editions that the new state budget being passed today wrests control of the remaining $440 million in settlement funds from Schneiderman and gives it to the governor and Legislature
.”Since negotiating the historic settlement with JPMorgan Chase, Attorney General Schneiderman’s top priority has been to ensure that $613 million provided to New York is used to help struggling families in New York recover from the damage caused by the mortgage crisis,” said spokesman Damien LaVera. “Attorney General Schneiderman is pleased that this budget agreement, which creates a special purpose fund that will use the funds exclusively to help New York homeowners, meets that goal. He looks forward to working with the governor and the legislature to ensure that the fund supports the best and most effective ideas and programs.”