New York Codes, Rules and Regulations
Title 5 - DEPARTMENT OF ECONOMIC DEVELOPMENT
Chapter XIII - Export Finance Service
Part 130 - Administration
Section 130.5 - Application fees and reimbursable costs

Universal Citation: 5 NY Comp Codes Rules and Regs ยง 130.5

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

(a) The department shall not charge a fee for any assistance required by section 225 of the Economic Development Law which is provided under the service. The department shall charge a $250 fee for assistance not mandated by section 225 of the Economic Development Law but which is provided under the service, including, but not limited to, the performance of credit analyses and the written presentation of information to public and private organizations on behalf of eligible participants to obtain export finance. The department shall charge an additional fee of one-half of one percent of the principal amount of any loan or line of credit (less the $250 fee previously paid) in the event that its provision of such assistance results in the eligible participant obtaining export finance.

(b) Eligible participants shall reimburse the department for external expenses incurred by the department in the performance of assistance not mandated by section 225 of the Economic Development Law but which are provided under the service, including, but not limited to, obtaining of credit information concerning the eligible participant and travel on behalf of the eligible participant.

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