New York Codes, Rules and Regulations
Title 14 - DEPARTMENT OF MENTAL HYGIENE
Chapter XIII - Office of Mental Health
Part 521 - Financial Assistance For Capital Acquisition And Construction
Section 521.5 - Program and fiscal requirements
Current through Register Vol. 46, No. 39, September 25, 2024
(a) Local governments, voluntary agencies, companies and sponsors or proposed incorporators may apply for State aid grant, and/or HFA mortgage loan.
(b) A completed application must be submitted to the OMH in the format and on forms prescribed by the commissioner.
(c) A certificate of need application must be submitted pursuant to OMH regulations and conditionally approved prior to the payment of State aid grant funds.
(d) The applicant must agree to be bound by, and execute the documents necessary to insure compliance with the assurances contained in section 521.10 of this Part.
(e) The applicant will comply with the following fiscal and bookkeeping requirements:
(f) The applicant for a Housing Finance Agency mortgage loan must, in addition to the requirements imposed by the OMH, comply with any and all additional requirements imposed by the Housing Finance Agency.
(g) The applicant must enter into and execute such agreements that, as determined by the OMH, are necessary to secure the appropriate use of the State aid grant or Housing Finance Agency mortgage proceeds, as provided for in section 521.13 of this Part.