Net State aid
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
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)Subsequent to approval by HUD of the certificate of completion and of gross and net project cost, the commissioner shall determine the net amount of State aid which the municipality or municipal urban renewal agency is entitled to in furtherance of the project pursuant to its contract with the State.
(b)In order to enable the commissioner to determine such amount, the municipality or municipal urban renewal agency shall submit such documentation as may be necessary in the discretion of the commissioner to adequately determine the difference between:
(1)the net amount of State aid which the municipality or municipal urban renewal agency is entitled to pursuant to its contract with the State in furtherance of the project; and
(2)the total advances previously made under such contract.
Such difference shall be known as the “Net State Financial Settlement”.