9 CRR-NY 1648-1.1NY-CRR
9 CRR-NY 1648-1.1
9 CRR-NY 1648-1.1
1648-1.1 Purpose.
The purpose of the periodic subsidies paid by the State to a local agency under a contract for State aid is to assist in achieving and maintaining the low rent character of a project, in accordance with the Public Housing Law. The State subsidy is therefore paid against the operating deficit of a project incurred subsequent to the date of substantial completion.
9 CRR-NY 1648-1.1
Current through September 15, 2021
End of Document |
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.