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 370.7 - Transfers of economic development power
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 370.7
Current through Register Vol. 46, No. 12, March 20, 2024
Any transfer of an economic development power allocation between facilities of a recipient shall be subject to written approval of the board. Such board approval shall not be given unless such approval is consistent with the applicable criteria and requirements of this Part. Any transfer which is accomplished without board approval shall be invalid and such transfer shall subject the recipient to revocation of its allocation and modification or revocation of the contract under which the recipient receives such power.
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