New York Codes, Rules and Regulations
Title 5 - DEPARTMENT OF ECONOMIC DEVELOPMENT
Chapter II - ECONOMIC DEVELOPMENT ZONES
Part 16 - Zone Capital Credits
Section 16.6 - Community development projects

Universal Citation: 5 NY Comp Codes Rules and Regs ยง 16.6

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

(a) All community development projects as defined in section 10.2(e) of this Title approved by the commissioner prior to April 1, 2005 herein shall be considered to be located in the applicable zone regardless of the designation of distinct and separate contiguous areas pursuant to section 10.4 of this Title.

(b) Any request to revise the boundaries of an existing empire zone to include a community development project shall not be submitted until the provisions of this subdivision are satisfied and the designation of the distinct and separate contiguous areas are submitted as required by section 10.4 of this Title unless the local empire zone administrative board demonstrates that prior to April 1, 2005 it had been working in conjunction with a business for the purpose of submitting a boundary revision that would result in the creation of jobs within the zone. Such project shall be considered to be located in the zone even if it is not located in the distinct and separate contiguous areas for purposes of section 10.4 of this Title. Such community development project shall be deemed to have been certified prior to April 1, 2005.

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