N.Y. Comp. Codes R. & Regs. tit. 9 § 435.3

Current through Register Vol. 46, No. 45, November 2, 2024

Section 435.3 - Distribution of funds

(a) The distribution of funds for municipal park projects, each type of historic preservation project and urban cultural park projects shall be requested annually by the office for inclusion in the executive budget and action by the State Legislature.

(b) Consistent with the number of applications and the funds appropriated, the commissioner may, at his discretion, limit the maximum amount of money which may be made available for any one project. This amount shall be announced at the beginning of each grants cycle.

(c) The commissioner, at his discretion, may determine that funds made available pursuant to this Subchapter for any one project may be distributed to the grant recipient from more than one annum appropriation. This determination will be based on the number of applications received, the funds appropriated to the office and the ranking of the project. Subject to the appropriation of funds, the office shall set aside from subsequent years' appropriations the amount necessary to complete the project prior to the award of any new grant.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 435.3