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New York Codes, Rules and Regulations
Title 14 - DEPARTMENT OF MENTAL HYGIENEChapter XIV - Office for People With Developmental DisabilitiesPart 635 - General Quality Control and Administrative Requirements Applicable to Programs, services or Facilities Funded or Certified by the Office for People With Developmental Disabilities
Subpart 635-6 - Allowability of Capital Costs and Costs of Transactions with Related Parties
Section 635-6.7 - Costs applicable to goods, services or property not covered elsewhere in this Subpart

N.Y. Comp. Codes R. & Regs. tit. 14 § 635-6.7

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Current through Register Vol. 46, No. 25, June 18, 2024
Section 635-6.7 - Costs applicable to goods, services or property not covered elsewhere in this Subpart
(a) Costs applicable to goods, services or property not covered elsewhere in this Subpart and furnished to the provider or individual by a related party shall be allowable at the lesser of:
(1) the cost to the related party; or
(2) the price of comparable goods, services or properties that could be obtained elsewhere.
(b) Interest on working capital indebtedness in accordance with section 635-6.4(f) of this Subpart are allowable. In the event that a loan is not in accordance with the standards listed in section 635-6.4(f) of this Subpart, the need for such loan shall be demonstrated in writing to the commissioner, and the express written approval of the commissioner is required.

N.Y. Comp. Codes R. & Regs. Tit. 14 § 635-6.7

Amended New York State Register October 28, 2015/Volume XXXVII, Issue 43, eff.11/1/2015
Amended New York State Register April 20, 2016/Volume XXXVIII, Issue 16, eff.4/20/2016
Amended New York State Register September 21, 2016/Volume XXXVIII, Issue 38, eff. 9/21/2016