2012 New York Consolidated Laws
PVH - Private Housing Finance
Article 17-B - (1051 - 1057) RURAL AREA REVITALIZATION PROJECTS
1053 - Contracts for rural area revitalization projects.

 
    §  1053.  Contracts  for  rural  area  revitalization projects. 1. The
  corporation may, in the name of the state,  enter  into  contracts  with
  qualified  applicants  for  the performance of rural area revitalization
  projects.
    2. The corporation may enter into a contract pursuant to this  section
  only if he determines that:
    (a)  the  region  to  be  served is a portion of the rural area of the
  state which is in need of revitalization and can benefit from a  program
  carried out by one or more locally based groups.
    (b)  the  applicant organization, or any predecessor organization, has
  had appropriate experience in community preservation activities; that it
  has, or shows that it can  acquire,  the  capability  and  expertise  to
  undertake  successfully the proposed project; and that it is managed and
  directed by  persons  representative  of  the  region  within  which  it
  operates.
    (c)  the  project  or  projects,  alone  or  in combination with other
  proposed activities of the  applicant  or  others,  will  be  likely  to
  contribute  in  a significant way towards the revitalization and general
  community renewal of the region.
    3. Each contract pursuant to this section shall provide for payment by
  the corporation for the activities to be carried  out  pursuant  to  the
  contract.  Such  payment  shall  be based on the projected costs of such
  activities and the other sources of funding which may  be  available  to
  the  applicant  (including,  if  applicable, funding pursuant to article
  seventeen of this chapter) from any source. Up to  ten  percent  of  the
  program  or  project  cost  may  be  used  for the qualified applicant's
  operating expenses including expenses related to organization  operating
  support  and  administration  of  the  contract. The total state payment
  pursuant to any one contract  shall  not  exceed  two  hundred  thousand
  dollars.
    4.  The  contract shall provide for completion of the project within a
  reasonable period, as specified therein, which shall not  in  any  event
  exceed two years from its commencement.
    5.  For  any  application  for such a contract under this article, the
  corporation shall provide the applicant with a list of  conditions  that
  must  be met prior to entering into a contract pursuant to this article.
  Within fifteen working  days  of  receipt  by  the  corporation  of  all
  documents  in satisfaction of the list, the corporation shall notify the
  applicant of the sufficiency or insufficiency of  the  documents.  After
  satisfaction  by  the  applicant  of  all  conditions  required  by  the
  corporation prior to entering into  a  contract  the  corporation  shall
  enter  into  the contract within forty-five working days of satisfaction
  of such conditions.