New York regulations

Title 9 Part 1804

Executive Department

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3 sections

Compiled text through Sep 15, 2021Register checked through July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)

All 3 displayed sections in this Part carry the same compiled date. Status and warnings stay on each section.

9 NYCRR 1804.1 - Prerequisites

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Dates and status
Compiling agency
Executive Department
Text status
Source receipt
Compiled text through
Sep 15, 2021
Register checked through
July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
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No later Register activity identified in this check.
Source snapshot
Jun 6, 2026
(a)Prior to the original issuance of urban renewal notes (as defined in Local Finance Law, section 25.10) for the financing of program activities and undertakings a municipality shall transmit and file with the commissioner the following not less than 15 nor more than 20 days prior to sale:
(1)A transmittal letter signed by the chief fiscal officer of the municipality which includes a statement with respect to each of the following:
(i)that such notes represent an original or refunding issue,
(ii)that the notes are not being issued for a period in excess of one year giving both the date of issue and the maturity date;
(iii)date of federal capital grant contract;
(iv)date of State capital grant contract;
(v)that original of form AC896 (Supplemental Statement of Housing and Urban Renewal Indebtedness) has been filed with the State Comptroller in accordance with his regulations.
(2)Certificate of chief fiscal officer. New York State Comptroller's form AC877 (1961) and Exhibit A in triplicate (including one original), each signed by the chief fiscal officer.
(3)Supplemental Statement of Housing and Urban Renewal Indebtedness. New York State Comptroller's form AC896 (1961) in duplicate, certified copies of each signed by the chief fiscal officer.
(4)Certified copy of the resolution delegating or authorizing the issuance of urban renewal notes together with certificate mentioned in or required by such resolution.
(5)No-litigation certificate (copy with seal of municipality).
(6)Evidence of filing of Certificate of Chief Fiscal Officer with municipal clerk.
(b)Before urban renewal notes may be issued and sold by a municipality, the chief fiscal officer of the municipality must first receive verification from the State Comptroller that the original of the Supplemental Statement of Housing and Urban Renewal Indebtedness (Form AC896) has been filed with the State Comptroller and the original of the Certificate of the Chief Fiscal Officer (Form AC877) approved by the commissioner has likewise been filed with the State Comptroller. Both (Forms AC896 and AC877) must be filed with the State Comptroller not less than three nor more than 15 days prior to date of sale.

9 NYCRR 1804.2 - Chief fiscal officer, Local Finance Law, section 2.00 (5)

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Dates and status
Compiling agency
Executive Department
Text status
Source receipt
Compiled text through
Sep 15, 2021
Register checked through
July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
Activity status
No later Register activity identified in this check.
Source snapshot
Jun 6, 2026
(a)Where the title of the chief fiscal officer of the municipality is different from that indicated in Local Finance Law, section 2.00 (5), a certified copy of the ordinance or local law designating the title of the officer to act as such chief fiscal officer shall be submitted.
(b)Where a deputy or alternate signs in place of the chief fiscal officer, the following shall be submitted:
(1)Certified copy of the local law or ordinance establishing the office.
(2)Certified copy of the designation.
(3)Certificate of incumbency.
(4)The clerk of the municipality shall submit a statement of the reasons the chief fiscal officer did not sign the documents.

No such notes may be renewed for a period extending more than seven years beyond the date of the first such note or notes issued in connection with such project. No such notes may be renewed after receipt of the monies in anticipation of which such notes were issued.

9 NYCRR 1804.3 - Cash grant-in-aid

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Dates and status
Compiling agency
Executive Department
Text status
Source receipt
Compiled text through
Sep 15, 2021
Register checked through
July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
Activity status
No later Register activity identified in this check.
Source snapshot
Jun 6, 2026
(a)A municipality shall pay into the project account the entire cash local grant-in-aid at the earliest date possible but in any event no later than the date of the application for a progress payment except as may be otherwise approved by the commissioner.
(b)Municipal guarantee.
(1)A municipality which cannot appropriate and pay the required cash grant-in-aid to the Municipal Urban Renewal Agency from the general or other fund available for current expenses of the municipality without undue hardship, as determined by the commissioner, may request the Municipal Urban Renewal Agency to borrow for and on behalf of the municipality a sum sufficient to provide the amount of the cash grant-in-aid provided the municipality guarantees the payment from municipal sources of the principal and interest on the bonds and notes, assumes and pays all costs involved in the sale of such bonds or notes including legal fees, paying agent fees and all other expenses of the transaction and agrees to make payments to the Municipal Urban Renewal Agency at such appropriate times as will enable the Municipal Urban Renewal Agency to make timely payments on account of the obligation undertaken and arising therefrom.
(2)Whenever it is determined that the Municipal Urban Renewal Agency shall borrow the amount of the cash grant-in-aid for and on behalf of the municipality, as above provided, the cooperation agreement between the municipality and the Municipal Urban Renewal Agency shall so provide and the specific obligations of the municipality, in such event shall be stated therein in detail. A cooperation agreement which does not initially so provide may be amended to do so.

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