9 CRR-NY 1811.2NY-CRR
9 CRR-NY 1811.2
9 CRR-NY 1811.2
1811.2 Net State aid.
(a) Subsequent to approval by HUD of the certificate of completion and of gross and net project cost, the commissioner shall determine the net amount of State aid which the municipality or municipal urban renewal agency is entitled to in furtherance of the project pursuant to its contract with the State.
(b) In order to enable the commissioner to determine such amount, the municipality or municipal urban renewal agency shall submit such documentation as may be necessary in the discretion of the commissioner to adequately determine the difference between:
(1) the net amount of State aid which the municipality or municipal urban renewal agency is entitled to pursuant to its contract with the State in furtherance of the project; and
(2) the total advances previously made under such contract.
Such difference shall be known as the “Net State Financial Settlement”.
9 CRR-NY 1811.2
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.