5 CRR-NY 60.5NY-CRR
5 CRR-NY 60.5
5 CRR-NY 60.5
60.5 Preliminary applications.
(a) Preliminary applications for assistance under the Industrial Infrastructure Development Program shall be in the form prescribed by the commissioner, and may be submitted by an eligible applicant at any time to the appropriate regional office of the department.
(b) Preliminary applications shall include, but not be limited to, a brief description of the following:
(1) a description of the industrial infrastructure development project, including:
(i) provisions for public use and maintenance for the useful life of the facility to be provided by the applicant, if appropriate;
(ii) an affirmation by the responsible public or corporate official that the industrial infrastructure development project has met all environmental requirements under the State Environmental Quality Review Act and other applicable Federal, State and local statutes, ordinances and regulations;
(iii) documentation which indicates that estimated costs for the industrial infrastructure development project are both reasonable and proper for such work; and
(iv) a visual representation of the industrial infrastructure development project in map format;
(2) a description of how the economic development project related to the industrial infrastructure development project is consistent with the regional economic development strategy and the State's economic development goals;
(3) an estimate of the number of jobs to be created or retained by the economic development project;
(4) a description of the financing and implementation schedule for the economic development project which clearly demonstrates the need for State participation in the industrial infrastructure development project component;
(5) an affirmation by the responsible public or corporate official to the effect that other existing financing programs are not available or appropriate for the industrial infrastructure development project due to lack of funding;
(6) identification of other sources of public and private financing committed to the project; and
(7) a description of the method or plans for repayment to the State of at least 50 percent of the industrial infrastructure development project costs. Such description should thoroughly address the circumstances and justification for not repaying the entire amount proposed to be funded under this program.
5 CRR-NY 60.5
Current through October 15, 2021
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