New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter L - New York State Urban Development Corporation
Part 4230 - Minority And Women-owned Business Development And Lending Program
Section 4230.4 - Eligible and ineligible uses of program assistance

Universal Citation: 21 NY Comp Codes Rules and Regs ยง 4230.4

Current through Register Vol. 46, No. 12, March 20, 2024

(a) Program assistance may be sought and used for the purposes set forth in the descriptions herein of each form of program assistance.

(b) Program assistance shall not be used for any of the following purposes:

(1) refinancing, retiring or liquidating existing debt or equity;

(2) residential construction projects, except for government-sponsored projects;

(3) payment of any tax arrearage; and

(4) payment of any employee benefit arrearage.

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