New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 21. Miscellaneous |
Chapter L. New York State Urban Development Corporation |
Part 4243. Economic Development Fund |
General Development Financing |
Sec. 4243.10. Eligible uses
Latest version.
- (a) Program funds for general development financing may be used for:(1) new construction, renovation or leasehold improvements;(2) the acquisition or leasing of land, buildings, machinery and equipment;(3) soft costs related to any of the above uses;(4) working capital; and(5) feasibility or planning studies.(b) Program funds for general development financing may not be used for any ineligible costs.