9 CRR-NY 1640-5.1NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 9. EXECUTIVE DEPARTMENT
SUBTITLE S. DIVISION OF HOUSING AND COMMUNITY RENEWAL
CHAPTER III. LOW RENT HOUSING
SUBCHAPTER D. ACCOUNTING MANUAL FOR PUBLIC HOUSING AGENCIES
PART 1640. GENERAL INFORMATION
SUBPART 1640-5. ADMINISTRATIVE EXPENSES
9 CRR-NY 1640-5.1
9 CRR-NY 1640-5.1
1640-5.1 Statutory provision.
Section 96 of the Public Housing Law states that no administrative expenses of an authority shall be paid from any State loan or subsidy or from the rental income of any State project. It follows that items of expenses of an authority deemed to be administrative expenses are ineligible to be charged to development costs or operating expenses of a State-aided project. The division will determine which items of expense constitute administrative expense of an authority. In such determination, a direct connection with the planning, construction, or management of a State-aided project will be an important, but not conclusive factor. In the absence of explicit rulings with respect to a given expense, an authority should consult with the division and secure a ruling before incurring that expense.
9 CRR-NY 1640-5.1
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.