N.Y. Comp. Codes R. & Regs. tit. 10 § 53.7
Current through Register Vol. 46, No. 45, November 2, 2024
(a) If the department or the corporation determines that the project or the recipient is not in compliance with the terms of the project financing and loan agreement, and, following written notice to the recipient, the project is not brought into compliance, the corporation may, on its own or at the department's direction, refuse to approve fund disbursement requests until the project is brought into compliance.(b) Nothing in this section shall be construed to limit the rights of the department or the corporation to take actions including, but not limited to, administrative enforcement actions and actions for breach of contract against a recipient which fails to carry out its obligations under this Part or the project financing and loan agreement.N.Y. Comp. Codes R. & Regs. Tit. 10 § 53.7