The replacement reserve shall be set aside out of project revenue as of the last day of each calendar quarter beginning with the quarter in which the date of substantial completion falls.
N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1647-4.4
The replacement reserve shall be set aside out of project revenue as of the last day of each calendar quarter beginning with the quarter in which the date of substantial completion falls.
N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1647-4.4