N.Y. Comp. Codes R. & Regs. tit. 9 § 6404.9

Current through Register Vol. 46, No. 50, December 11, 2024

Section 6404.9 - Funding criteria

In addition to the funding criteria set forth in the program guidelines, the panel shall consider the following factors in its review of applications to Capital Initiative Program:

(a) the condition of the existing building;

(b) quality of the project's design in conjunction with the qualifications of the project's consultants;

(c) the analysis of need as provided in a feasibility study or other documentation required by the council;

(d) the available resources for the project;

(e) the nature of the activities proposed to take place at the site which is the subject of the application;

(f) impact on the community;

(g) where appropriate, the needs of rural or minority communities;

(h) a statement of the fiscal resources of the applicant which shall be set forth in any one of the following documents prepared by or for the applicant during the applicant's prior fiscal year: a financial statement prepared by a certified public accountant, an annual statement of income and expenses, a Federal tax return with all itemizations and breakdowns, or a long form report from the Office of Charities Registration of the New York Department of State; and

(i) if the application is for a loan, the applicant's ability to successfully meet all commitments under the loan.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 6404.9