New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter IX - New York State Economic Development Power Allocation Board
Part 370 - Procedures For Allocation Of Economic Development Power
Section 370.1 - Applications
Current through Register Vol. 46, No. 12, March 20, 2024
All persons or entities requesting allocations of economic development power shall be required to complete an application in a format prescribed by the board, including such information, exhibits and supporting data as may be requested by the board. There shall be no priority attached to applications based on the date of receipt by the board; provided, however, that the board may in appropriate circumstances require that applications be filed on or before a particular date. Within 20 days of the submission of an application or reapplication, the applicant shall be notified as to the sufficiency of the application or reapplication.
(a) Submission of applications. The board will accept only applications submitted by a municipality or municipal agency on behalf of persons or entities operating businesses.
(b) Application for bulk allocation of economic development power. A municipality or municipal agency may make application for a bulk allocation of economic development power for resale for economic development purposes or revitalization purposes.
(c) Use of economic development power. Economic development power shall be used only in a business facility that is not primarily used in making retail sales of goods or services to customers who personally visit such facilities to obtain such goods or services, or used primarily as a hotel, apartment house or other place of business which furnishes dwelling space or accommodations to either residents or transients.
