N.Y. Comp. Codes R. & Regs. tit. 5 § 197.1
Current through Register Vol. 46, No. 45, November 2, 2024
The Department shall be subject to annual caps as articulated in subdivision one of section 359 of the Economic Development Law, both for traditional Excelsior projects and the annual cap articulated in subdivision four of section 359 of the economic development law for Green CHIPS projects. In the case of Green CHIPS projects, a given year's cap shall be the sum of $500 million and the balance of any available carry forward credits not yet issued and allowed pursuant to such section.
N.Y. Comp. Codes R. & Regs. Tit. 5 § 197.1