N.Y. Comp. Codes R. & Regs. tit. 9 § 454.5

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

Section 454.5 - Project agreement

(a) Each local sponsor shall enter into a project agreement with the office for the receipt of State aid under this Part.

(b) Seventy percent of the State aid shall be made available to the local sponsor after November 1st and upon execution and approval of the project agreement.

(c) The remaining 30 percent shall be paid to the local sponsor after completion of the program for that fiscal year and verification of the local sponsor's expenditures to the satisfaction of the commissioner.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 454.5