NY Exec L § 209-R (2021)
2021 New York Laws EXC - Executive Article 10-B - New York State Office of Science, Technology and Academic Research 209-R - Gen*ny*sis Program.

§  209-r.  Gen*NY*sis  program.  1.  The  Gen*NY*sis program is hereby   created to assist research and technology development  programs  in  the   life   sciences   or   in  enabling  sciences  affiliated  with  public,   not-for-profit private or academic research institutions located  within   New  York  state  to  develop  and commercialize new discoveries for the   improvement of human, plant and animal health and to  expand  businesses   and employment in New York state.2.  Funds  appropriated or transferred to the Gen*NY*sis program shall   be made available to project  sponsors  for  the  construction  of  life   sciences  and/or  enabling science facilities including, but not limited   to, equipment, laboratory facilities and laboratory equipment, incubator   facilities,  manufacturing   facilities,   bioscience   parks   or   any   combination  thereof.  Funds  shall  not  be  used for projects that are   already completed at the time of application.3. Funding for each project shall be made available upon submission of   a Gen*NY*sis program and financing plan to the executive director and to   the director of the budget. Such program and  financing  plan  shall  be   prepared  by  the project sponsor and shall include, where applicable, a   description of the proposed project, a description of the consortium  of   institutions/organizations       involved      including      respective   responsibilities and contributions, the structure and governance of  the   collaboration,  efforts  to  obtain  and  administer  corporate, federal   and/or foundation support, the scientific and technical quality  of  the   proposed  research  to  be  undertaken  at  such  facility, the expected   increase in research activity in specified research areas  derived  from   such project, projections of discoveries from such research sponsor, and   an economic plan to further develop any discoveries from such project to   include the development of new businesses and jobs within New York state   or  if  such  discovery  is  to be licensed to another entity, the terms   under  which  the  project  sponsor  would  undertake   such   licensing   agreements.  The  urban development corporation shall provide assistance   to the office, as requested by the executive director, with  respect  to   the evaluation of any economic plan or licensing terms.4.  Funding  for each project shall not exceed seventy-five percent of   the cost of such project, provided  that,  in  estimating  the  residual   percentage  of funding, such funding provided by the project sponsor for   each project may include  allocated  funds  (cash);  in-kind  personnel,   equipment  or  material  donations; federal funds; significant financial   contributions to  the  project  sponsor;  university  internal  sources,   prorated operational costs; or any combinations thereof.5.  Project  sponsors  receiving  awards  pursuant  to  the Gen*NY*sis   program in an amount in excess of ten percent of the total cost of  such   project  as submitted in the program and financing plan pursuant to this   section shall, for a period not to exceed five years after  the  receipt   of  such  award, provide an annual report to the executive director, the   chairman of the  senate  finance  committee  and  the  chairman  of  the   assembly  ways  and  means committee detailing the use of such award and   the progress of the project sponsor in meeting the criteria set forth in   paragraph three  of  this  section  as  expressed  in  the  program  and   financing plan submitted for review to the executive director.6.  Notwithstanding any other law, rule or regulation to the contrary,   no more than three and one-half of one percent of any grant issued under   this program  may  be  allocated  to  any  grant  recipient  or  to  any   subsidiary  or  organization associated therewith for purposes which may   include, but not  be  limited  to,  any  direct  or  indirect  costs  of   administering  the  program  not contained in the application requesting   such  funds,  provided  however,  that  no  monies  granted  under   the    Gen*NY*sis  program may be used to supplant any direct or indirect costs   of the grant recipient.