New York Codes, Rules and Regulations
Title 18 - DEPARTMENT OF SOCIAL SERVICES
Chapter XX - Youth Facilities Project Guarantee Fund
Part 1001 - General Requirements Relating To Applications For Guarantee Of A Loan
Section 1001.1 - Applications
Universal Citation: 18 NY Comp Codes Rules and Regs ยง 1001.1
Current through Register Vol. 46, No. 12, March 20, 2024
(a) An application to the Youth Facilities Project Guarantee Fund for the guarantee of a loan for the construction, reconstruction, rehabilitation or improvement of a day care center shall be in writing on application forms provided by the bureau of youth facilities construction in the New York State Department of Social Services. An original application and three copies of the application shall be filed with the fund through the said bureau of youth facilities construction.
(b) Applications to the fund shall contain information and data with reference to:
(1)
The public need for the existence of the proposed day care center at the time
and place and under the circumstances proposed.
(2) The character, experience, competency and
standing in the community of incorporators, directors, sponsors and
officers.
(3) The financial
resources and sources of future revenue of the day care center to be operated
by or on behalf of the applicant.
(4) The fitness and adequacy of the premises
and equipment to be used by the applicant.
(5) The fitness and adequacy of the personnel
to be employed in the operation of the day care center.
(6) The policies proposed to be followed by
the applicant in the operation of the day care center.
(7) The name and address of the lending
agency and a statement of the terms of the proposed loan.
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