9 CRR-NY 436.6NY-CRR
STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 9. EXECUTIVE DEPARTMENT
SUBTITLE I. OFFICE OF PARKS, RECREATION AND HISTORIC PRESERVATION
CHAPTER IV. ENVIRONMENTAL ASSISTANCE PROGRAMS
SUBCHAPTER B. ENVIRONMENTAL QUALITY BOND ACT OF 1986
PART 436. STATE, MUNICIPAL AND NOT-FOR-PROFIT HISTORIC PRESERVATION PROJECTS
9 CRR-NY 436.6
9 CRR-NY 436.6
436.6 Matching requirements.
(a) Assistance toward the cost of preservation projects undertaken by municipalities and not-for-profit corporations shall not exceed 50 percent of the approved project costs, less any Federal or State assistance received other than by loan. State funds shall be provided on a reimbursement basis. As the project progresses, billings may be submitted for reimbursement for each billing period as defined in the project agreement.
(b) A not-for-profit corporation or municipality's matching share may consist of the following:
(1) cash;
(2) force account (paid labor); and
(3) donations.
To be eligible for matching assistance, donated contributions must be applicable to the approved project. All donations other than cash must be contributed during the approved project period as defined in the project agreement.
(i) Donated (in kind) labor. The value of services provided by professional and technical personnel, consultants and other skilled and unskilled labor.
(ii) Donated real property. The fair market value as established by an independent appraiser in accord with the requirements of the office. If the total value of donated real property proposed for use as a matching share exceeds the amount required for the match, the remainder of the value of the donated real property may be used as the matching share for subsequent development grants for the same property, subject to the prior approval of the commissioner.
(iii) Donated equipment. The value of equipment used on a project in accord with its fair rental value.
(iv) Donated supplies and materials. The value of items in accord with current market prices at the time they are donated to the project.
(c) The commissioner may award grants to applicants who have not generated their full match at the time of application. These “challenge” grants shall be awarded with special conditions regarding the time period for raising the match and the monitoring of fund-raising progress. Grant awards may be reduced or withdrawn if the applicant is unable to raise the full match.
9 CRR-NY 436.6
Current through September 15, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.