21 CRR-NY 4254.6NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 21. MISCELLANEOUS
CHAPTER L. NEW YORK STATE URBAN DEVELOPMENT CORPORATION
PART 4254. NEW YORK STATE INNOVATION VENTURE CAPITAL FUND
21 CRR-NY 4254.6
21 CRR-NY 4254.6
4254.6 Fees and costs.
(a) The corporation may negotiate reasonable management fees, promotes (e.g., distributions when certain financial return benchmarks are achieved such as internal rate of return, return on investment, return on earnings, etc.), share of return and other fees and charges with respect to applicants, beneficiary companies, investment entities and investment professionals and firms. The costs and expenses of the corporation for its implementation and administration of the fund shall be paid from fund monies or such other monies that shall be available to the corporation.
(b) The corporation may also impose fees, including without limitation, application fees, processing fees, fees in connection with processing and evaluation of submissions in response to requests for proposals or other types of solicitations, fees for due diligence with respect to investments and prospective investments, administrative fees, legal, accounting, and other out-of-pocket fees and expenses of the corporation, costs and expenses for compliance with applicable laws and regulations, including environmental review and State and Federal securities laws.
21 CRR-NY 4254.6
Current through September 15, 2021
End of Document

IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, 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 Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.