N.Y. Comp. Codes R. & Regs. tit. 21 § 4243.31

Current through Register Vol. 46, No. 50, December 11, 2024

Section 4243.31 - Terms and conditions

(a) Generally, assistance for commercial area development financing projects for eligible uses described in section 4243.29(a)(1) of this Part will not be less than $75,000 and shall generally not exceed 30 percent of total project costs or $1,000,000, whichever is less.

(b) Generally, assistance for commercial area development financing projects for eligible uses described in section 4243.29(a)(2) and (3) of this Part will not be less than $25,000 and shall generally not exceed 50 percent of total project costs or $1,000,000, whichever is less.

(c) The foregoing terms and conditions are in addition to the applicable general terms and conditions set forth in section 4243.4 of this Part.

N.Y. Comp. Codes R. & Regs. Tit. 21 § 4243.31