New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter L - New York State Urban Development Corporation
Part 4243 - Economic Development Fund
Capital Access Projects
Section 4243.35 - Terms and conditions

Universal Citation: 21 NY Comp Codes Rules and Regs ยง 4243.35

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

(a) Capitalization and recapitalizations of flexible financing programs for capital access projects shall not exceed $300,000 and shall generally not be less than $100,000, except in the case of revolving loan funds which may not be less than $50,000.

(b) Loans, grants and loan guarantees for capital access projects shall generally not exceed $100,000.

(c) Capital access project grants to not-for-profit child care centers shall generally not exceed 25 percent of the total project costs or $2,500 per new slot created, whichever is less, but in no event shall the total grant exceed $100,000.

(d) The foregoing terms and conditions are in addition to the applicable general terms and conditions set forth in section 4243.4 of this Part.

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