New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 5. Department of Economic Development |
Chapter II. Economic Development Zones |
Part 15. Zone Capital Corporations |
Sec. 15.1. Purpose and scope
Latest version.
- Prior to the establishment of a zone capital corporation, the commissioner must approve of: its formation; board of directors and management; and procedures for making, servicing and monitoring investments. The purpose of these regulations is to set forth the requirements and procedures for obtaining such approval, as well as operating and reporting requirements.