New York regulations

9 NYCRR 431.5

Executive Department

Browse New York regulations by title, part, and section.

Project sponsor's match

Project sponsor's match

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

The project sponsor's match may consist of the following:

(a)the fair market value in the project location of material which is procured by purchase or donation during the project term or within one year prior to the application deadline date;
(b)the fair market value in the project location of equipment which is procured by purchase or donation during the project term;
(c)rental expenses incurred at customary rental rates for the use of equipment in development and construction during the project term. The donated value at customary rental rate of equipment will qualify if used during the project term;
(d)the cost of labor employed in project development and construction during the project term;
(e)the cost of services, including professional services, or the value of donated services provided during the project term or within one year prior to the application deadline date; and
(f)the fair market value of real property or an interest in real property acquired by purchase or donation during the project term or within one year prior to the application deadline date. The value of previously owned lands converted from unrelated use to project purposes may qualify as the sponsor's match only if such conversion occurred during the project term or within one year prior to the application deadline date. The value of real property shall be established by an appraisal in accordance with section 431.6 of this Part.

State Register activity

No Register activity identified in this check.Register checked through July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29).

LawEngine organizes New York regulations for fast review. Use independent legal judgment before filing.