New York Codes, Rules and Regulations
Title 5 - DEPARTMENT OF ECONOMIC DEVELOPMENT
Chapter VIII - Office Of Waste Prevention Services
Part 70 - Public Accountancy
Section 70.15 - Reports
Universal Citation: 5 NY Comp Codes Rules and Regs ยง 70.15
Current through Register Vol. 46, No. 12, March 20, 2024
(a) Feasibility studies.
(1) Program recipients shall keep the
department apprised of their progress, both formally and informally. Any
changes in the feasibility study plan must be communicated to the department at
the earliest possible date.
(2)
Program recipients must, at a minimum, submit a report to the department at the
midpoint of the feasibility study, reporting on its progress, including:
(i) a description of tasks
completed;
(ii) conformance to the
feasibility study schedule, highlighting any deviation from the original scope
of work and schedule of tasks, and the reasons for such deviation;
and
(iii) a financial status
report.
(3) Program
recipients must submit final reports to the department, prior to the final
disbursement of funds, which shall include, but not be limited to:
(i) a detailed summary of the feasibility
study findings;
(ii) an assessment
of the supply conditions (e.g., availability, quantities, sources, etc.) for
the secondary materials in question, if appropriate;
(iii) a description of the size and location
of markets for the product derived from the secondary materials reuse or
recycling technology being studied, where applicable;
(iv) a description of how the waste
prevention technology and/or practice will minimize, reduce or eliminate the
generation of wastes, use or reuse wastes, increase energy efficiency or water
conservation, improve air or water quality and/or improve process
economics;
(v) the cost of
implementation of the waste prevention technology or practice and a
construction schedule, if applicable;
(vi) a description of how the firm intends to
act on the results; and
(vii) a
description of receipts and expenditures of funds in connection with the
feasibility study.
(b) Other program assistance. On each anniversary date of the loan closing during the term of program assistance, the program recipient shall submit to the department a copy of the applicant's most recent fiscal year end financial statement and an assessment of the amount of waste minimized, reduced, eliminated, used or reused, the increase in energy efficiency or water conservation, or the improvement of air or water quality, as applicable, pursuant to the project undertaken.
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