New York Codes, Rules and Regulations
Title 5 - DEPARTMENT OF ECONOMIC DEVELOPMENT
Chapter VIII - Office Of Waste Prevention Services
Part 72 - Waste Prevention Assistance Program
Section 72.8 - Provisions for contracting
Current through Register Vol. 46, No. 12, March 20, 2024
The department shall enter into contracts with applicants to provide State assistance payments toward the cost of projects. Such contracts shall include but not be limited to the following provisions:
(a) an estimate of the cost of the project as determined by the commissioner;
(b) an agreement by the commissioner to make State assistance payments toward the actual cost of the project by periodically reimbursing the applicant during the progress of project development or following completion of the project as may be agreed upon by the parties, provided that the actual cost does not exceed the estimate established pursuant to this Part and where applicable, that retainage of up to 20 percent of the State assistance contract amount may be withheld until final department determination that the project has been successfully completed;
(c) an agreement by the applicant to: