9 CRR-NY 1646-2.2NY-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 1646. DEVELOPMENT PERIOD ACCOUNTING
SUBPART 1646-2. DEVELOPMENT COST BUDGET
9 CRR-NY 1646-2.2
9 CRR-NY 1646-2.2
1646-2.2 Preparation of development cost budget.
The specimen form of Development Cost Budget (form DH-512) is shown as Exhibits 1 and 2 of Appendix S-11. Each development cost budget shall be supported by a development cost budget justification which may, in the case of a preliminary budget, be submitted separately from the application for financial assistance. The division will be glad to render assistance in the preparation of development cost budgets. The instructions in this Subchapter are confined, primarily, to the relations of the budgets to the reports, schedules and forms described herein. The following comments are intended for purposes of clarification:
(a) The heading of the budget should indicate whether the budget is a preliminary, final, or bond sale budget.
(b) Date prepared refers to the date that the budget has been prepared by the local agency and is used to further identify the budget. The date prepared need not necessarily be the same as the date of the loan contract or of the application for financial assistance or amendments thereto.
(c) Loan contract dated refers to the date of the execution of the loan contract and not to the date of the commissioner's approval thereof. The date of execution of the loan contract will ordinarily be found in the very first paragraph of the contract.
(d) As amended to similarly refers to the date of execution of the most recent amendment, if any, to the loan contract.
(e) Columns (2) and (3) of the form are reserved for such analysis of the total estimated development cost as the division may require. For example, where slum clearance is involved, the division may require that the slum clearance costs be segregated in column (2) and other development costs in column (3). The analysis, if any, in columns (2) and (3) shall not be reflected in the books of account or in the related forms submitted to the division (see ยง 1646-2.3, subd. [a], below).
9 CRR-NY 1646-2.2
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.