-Caveat Lector-

--- In [EMAIL PROTECTED], NY Transfer News <[EMAIL PROTECTED]> wrote:
Via NY Transfer News * All the News That Doesn't Fit

source - ARON KAY <[EMAIL PROTECTED]>

NY POST - December 5, 2001


RUDY OUT TO MAKE IT HIS FUND

by David Seifman and Maggie Haberman

Mayor Giuliani is moving to convert the city's Twin Towers Fund into
a private charity he'll control even after leaving office, sources
told The Post yesterday.

Mayoral aides have asked state Attorney General Eliot Spitzer about
speeding up the process so it can be finished before Giuliani's term
ends on Dec. 31, the sources said.

Fund officials said the plan was always to transfer the assets to a
charity with Giuliani at the helm.

One source said the administration is "trying to do this quickly. But
it's tough to fast-track something like this. It usually takes
months."

"The question is: What does [Mayor-elect Mike] Bloomberg think? Is
this what Bloomberg wants to do?" the source added.

A Bloomberg spokesman declined comment.

Another source said that Giuliani's team doesn't anticipate any
problems with Bloomberg over the transfer, and that the process will
go quickly.

The move won't affect the families of firefighters, cops and other
uniformed personnel who perished in the Sept. 11 attacks on the World
Trade Center.

The fund has raised $113 million and distributed $46.7 million so far
to 389 families.

Creating a private charity would remove control from the city's
Public-Private Initiatives, whose board is appointed by the mayor.

If the changeover doesn't happen before Jan. 1, Bloomberg could
replace Giuliani's appointees with his own.

Twin Towers Fund spokeswoman Kim Serafin said the charity was created
with the intent that "Mayor Giuliani, in the future as Citizen
Giuliani, would be in charge of this to make sure" all the money is
handled properly and goes to the families of the 406 fallen heroes.

Spitzer spokesman Darren Dopp declined comment.

Giuliani's aides have already established a tax-exempt group to which
the funds would be moved, but the process entails petitioning the
state Supreme Court and must be reviewed by Spitzer.

Giuliani, who created the Twin Towers Fund, will serve as chairman of
the board that will run the tax-exempt charity.

A source said the transfer would have been completed by now if the
administration hadn't been busy with other major events, such as the
Flight 587 crash.

 ARON KAY
 http://www.pieman.org
 DON'T LET AMERIKKKA BECOME A NATION OF SNITCHES
 TERMINATE THE POLICE STATE

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