New York Codes, Rules and Regulations
Title 14 - DEPARTMENT OF MENTAL HYGIENE
Chapter XIV - Office for People With Developmental Disabilities
Part 635 - General Quality Control and Administrative Requirements Applicable to Programs, services or Facilities Funded or Certified by the Office for People With Developmental Disabilities
Subpart 635-6 - Allowability of Capital Costs and Costs of Transactions with Related Parties
Section 635-6.7 - Costs applicable to goods, services or property not covered elsewhere in this Subpart
Universal Citation: 14 NY Comp Codes Rules and Regs § 635-6.7
Current through Register Vol. 47, No. 12, March 26, 2025
(a) Costs applicable to goods, services or property not covered elsewhere in this Subpart and furnished to the provider or individual by a related party shall be allowable at the lesser of:
(1) the cost to
the related party; or
(2) the price
of comparable goods, services or properties that could be obtained
elsewhere.
(b) Interest on working capital indebtedness in accordance with section 635-6.4(f) of this Subpart are allowable. In the event that a loan is not in accordance with the standards listed in section 635-6.4(f) of this Subpart, the need for such loan shall be demonstrated in writing to the commissioner, and the express written approval of the commissioner is required.
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