N.Y. Comp. Codes R. & Regs. tit. 9 § 436.7

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

Section 436.7 - Funding distribution

(a) For the purposes of this Part, the annual allocation of awardable funds shall be distributed among the three types of preservation projects as follows:

(1) municipal projects shall receive no less than 40 percent and no more than 60 percent;

(2) not-for-profit projects shall receive no less than 40 percent and no more than 60 percent; and

(3) State projects shall receive no more than 10 percent.

(b) If eligible applications do not total the amount of funding set aside in either the municipal or not-for-profit category, the remainder shall be distributed to eligible projects in the other category.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 436.7