New York Codes, Rules and Regulations
Title 9 - EXECUTIVE DEPARTMENT
Subtitle S - Division of Housing and Community Renewal
Chapter III - Low Rent Housing
Subchapter D - Accounting Manual For Public Housing Agencies
Part 1640 - General Information
Subpart 1640-4 - Indeterminate Expenditures
Section 1640-4.1 - General

Universal Citation: 9 NY Comp Codes Rules and Regs § 1640-4.1
Current through Register Vol. 47, No. 12, March 26, 2025

The term indeterminate expenditure refers to those expenditures made by a local agency with respect to a planned or proposed project prior to the date of the duly executed and approved contract for State aid for that project. This date has previously been defined as marking the beginning of the development period. Funds advanced or to be advanced by the State may not be used to meet indeterminate expenditures, and the local agency must look to other sources for its funds. Such other sources may, however, upon execution and approval of the contract for State aid and after audit, review, and approval of the expenditures by the division, be reimbursed, out of loan funds advanced or to be advanced by the State, for such expenditures as are approved by the division as being eligible charges to the development cost of the project.

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