N.Y. Executive Law § 918: Financial assistance

§ 918. Financial assistance. 1. The secretary may enter into a

contract or contracts for grants or payments to be made, within the

limits of any appropriations therefor, for the following:

a. To any local governments, or to two or more local governments, for

projects approved by the secretary which lead to preparation of a

waterfront revitalization program; provided, however, that such grants

or payments shall not exceed seventy-five percent of the approved cost

of such projects provided, however, in environmental justice

communities, such assistance payments and/or technical assistance shall

not exceed eighty-five percent of the cost of the program;

b. To any local government or local government agency for research,

design, and other activities which serve to facilitate construction

projects provided for in an approved waterfront revitalization program;

provided, however, that such projects shall take into account the future

physical climate risk due to sea level rise, and/or storm surges and/or

flooding, based on available data predicting the likelihood of future

extreme weather events including hazard risk analysis data if applicable

and provided, further, that such grants or payments shall not exceed ten

percent of the estimated cost of such construction project.

2. Funds available for the purposes of this section shall be allocated

in a fair and equitable manner; such allocation shall reflect the

initiative shown by local governments in preparing waterfront

revitalization programs and in carrying them out.