N.Y. Executive Law § 527-d: New facility project grants

§ 527-d. New facility project grants. 1. Within the limit of funds

made available by appropriation from the youth centers facility fund as

established by section ninety-seven-ff the state finance law, the

division is hereby authorized to make awards to municipalities for the

acquisition, demolition, design and construction of areas, buildings,

structures or facilities owned or to be owned by a municipality and used

as a youth center. A municipality or a municipality acting jointly with

a not-for-profit corporation may be awarded a new facility project grant

pursuant to this title provided that title to any of such area,

building, structure or facilities is acquired and/or held by the

municipality.

2. No new facility project grant shall be awarded to a municipality or

a municipality and a not-for-profit corporation acting jointly unless

the agreement as provided for in section five hundred twenty-seven-g of

this title also contains provisions which provide that in the event the

municipality discontinues use of the facility financed by the new

facility project grant as a youth center facility during the period

specified in the agreement as provided for in such section five hundred

twenty-seven-g, the project cost shall become due and owing to the state

and shall be payable from any amounts of state aid to which the

municipality would be entitled.

3. No municipality which receives a new facility project grant shall

be required to establish a reserve fund and no reserve fund shall be

considered part of the project cost for such project.