New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter L - New York State Urban Development Corporation
Part 4203 - Industrial Effectiveness Programs-feasibility Studies
Section 4203.3 - Terms
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 4203.3
Current through Register Vol. 46, No. 12, March 20, 2024
(a) For a preliminary feasibility study:
(1) the
department, or the UDC upon the approval of the commissioner, may provide
financial support not to exceed $15,000 for a preliminary feasibility study for
a local buy-out of an industrial firm, except that upon a showing of special
circumstances, the commissioner may authorize additional financial support;
and
(2) the department, or the UDC
upon the approval of the commissioner, may provide financial support not to
exceed $10,000 for a preliminary feasibility study of a corporate restructuring
or turnaround plan, except that upon a showing of special circumstances, the
commissioner may authorize additional financial support.
(b) The department, or the UDC upon the approval of the commissioner, may provide financial support not to exceed $150,000 for a full feasibility study.
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