9 CRR-NY 1646-3.1NY-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 1646. DEVELOPMENT PERIOD ACCOUNTING
SUBPART 1646-3. REQUISITIONS OF LOAN FUNDS
9 CRR-NY 1646-3.1
9 CRR-NY 1646-3.1
1646-3.1 General.
(a) The submission of a requisition is a prerequisite to the borrowing of development funds, whether such borrowing be from the State or from sources other than the State. A requisition consists of two sets of papers, viz: the requisition papers and the closing papers.
(1) Requisition papers. The requisition papers are submitted at least six weeks in advance of the date the funds will be borrowed and consist of a housing loan voucher, submitted in an original and one conformed copy, and of a certificate of purposes, submitted in an original and four conformed copies. The requisition papers are submitted in substantially the same form, whether the borrowing is to be from the State or from parties other than the State. Preparation of the requisition papers is described in sections 1646-3.2 and 1646-3.3, which follow.
(2) Closing papers. The closing papers consist of the evidence of indebtedness and of the supporting and related documents. The closing papers to be submitted will depend on whether the loan funds are advanced by the State or sources other than the State.
(b) Accounting entries and procedures in connection with the borrowing of development funds will be found in Part 1643, Financing.
9 CRR-NY 1646-3.1
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.