New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter L - New York State Urban Development Corporation
Part 4208 - Industrial Effectiveness Expansion, Retention And Attraction Assistance Program
Section 4208.7 - Application and project process
Current through Register Vol. 46, No. 12, March 20, 2024
(a) An applicant for program assistance shall file an application with the corporation on forms provided by the corporation.
(b) Program applications shall require that the following information, as applicable, be submitted:
(c) Upon receipt of the application, the corporation shall assign a project team to review the application for eligibility, completeness, and conformance with program criteria.
(d) If the project team concludes that the proposal satisfies the necessary requirements, it will submit the proposal to the corporation's directors for adoption. The directors normally meet once a month. In the event that the corporation's directors adopt a plan for a project as provided above, the corporation will schedule a public hearing in accordance with the UDC Act. Upon completion of the public hearing the corporation will either finally approve or disapprove the project. In the event the corporation approves a project, it must then be reviewed by the State Public Authorities Control Board (PACB), which also generally meets once a month. In the event PACB approves a project, legal documents will be drafted by the corporation.