NY Soc Serv L § 410-E (2021)
2021 New York Laws SOS - Social Services Article 6 - Children Title 5-A - Youth Facilities Improvement Act 410-E - Definitions.

§  410-e.  Definitions.  As used in this title the following words and   phrases shall have the following meanings unless a different meaning  is   plainly required by the context:1.  "Board".  The state board of social welfare.2.   "Commissioner".  The commissioner of social services of the state   of New York.3.  "Department".  The state department of social services.4.  "Eligible borrower".  A non-profit corporation organized under the   laws of the state of New York which is authorized to care  for  children   and which has entered into a regulatory agreement in accordance with the   provisions of section four hundred ten-f of this title.5.    "Project."  "Youth  facilities  project."    A  specific work or   improvement, including  lands,  buildings,  improvements,  fixtures  and   articles  of  personal  property  acquired,  constructed, rehabilitated,   managed, owned and operated by an eligible borrower to provide day  care   in  the  manner  prescribed by the department for children of pre-school   and primary school age   or to provide residential  child  care  in  the   manner  prescribed by the rules of the board for children of pre-school,   primary school or secondary school age, or to provide any combination of   the foregoing, and for facilities incidental or appurtenant thereto.6.  "Project cost".  "Youth facilities project cost".   The sum  total   of  all  costs  incurred  by  an  eligible  borrower  as approved by the   commissioner as reasonable and necessary for carrying out all works  and   undertakings  and  providing all necessary equipment for the development   of a project exclusive  of  any  private  or  federal,  state  or  local   financial  assistance available for and received by an eligible borrower   for the payment of such project cost.  These shall include but  are  not   necessarily  limited  to  the  carrying  charges  during construction or   rehabilitation up to and including the occupancy date,  working  capital   not  exceeding  three  percentum  of  the  estimated total cost or three   percentum of the actual total final cost, whichever is larger, the  cost   of   all   necessary   studies,   surveys,   plans  and  specifications,   architectural, engineering, legal or other special services, the cost of   acquisition of land and any buildings  and  improvements  thereon,  site   preparation and development, construction, reconstruction and equipment,   including   fixtures,  equipment,  and  articles  of  personal  property   required for the operation  of  the  project,  the  reasonable  cost  of   financing  incurred  by  the  eligible  borrower  in  the  course of the   development of the project, up to and including the occupancy date,  the   fees  imposed  by  the  commissioner  and  by the New York state housing   finance agency; other fees charged, including any  premium  payments  to   the  youth  facilities  project  guarantee  fund  created  by  the youth   facilities project guarantee fund act, and necessary  expenses  incurred   in connection with the initial occupancy of the project, and the cost of   such  other items as the commissioner may determine to be reasonable and   necessary for the development of a project, less any and all  rents  and   other net revenues from the operation of the real property, improvements   or  personal  property  on the project site, or any part thereof, by the   eligible borrower on and after the date on which  the  contract  between   the  eligible borrower and the New York state housing finance agency was   entered into and prior to the occupancy date.7.  "Occupancy date".  The date defined in the documents providing for   a mortgage loan between an eligible borrower  and  the  New  York  state   housing finance agency.8.      "Youth  facilities  development  fund  company".    A  company   incorporated and organized pursuant to subdivision two of  section  four   hundred ten-n of this title. 9.  "Youth Facilities Center" means a facility suitable to provide day   care for children of pre-school age and primary school age or to provide   residential  child  care  for  children of pre-school, primary school or   secondary school age or to provide any  combination  of  the  foregoing,   which has been approved by the state department of social services.