9 CRR-NY 1811.3NY-CRR
9 CRR-NY 1811.3
9 CRR-NY 1811.3
1811.3 State closeout agreement.
(a) Subsequent to the determination of the amount pursuant to section 1811.2 of this Part, the municipality or municipal urban renewal agency shall submit for concurrence by the commissioner a State closeout agreement which shall:
(1) set forth the “Net State Financial Settlement” and provide for payment of such difference to either the municipality or municipal urban renewal agency or reimbursement of such difference to the State for overpayments; and
(2) contain such other terms as the commissioner may deem necessary to adequately protect the interests of the State.
(b) The municipality and the municipal urban renewal agency shall submit, in addition to the State closeout agreement, the following:
(1) resolutions from the municipality and the municipal urban renewal agency authorizing the execution of the State closeout agreement;
(2) evidence of no pending litigation with respect to the project; and
(3) any other documents that the commissioner may deem necessary in light of the particular circumstances of the project.
9 CRR-NY 1811.3
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.