New York Statutes

§ 510 — State capital grants

New York·Law GMU General Municipal·Art. 15 Urban Renewal

§ 510. State capital grants.

1.In lieu of making or contracting to\nmake a loan or periodic subsidy, or both, pursuant to sections five\nhundred eight and five hundred nine of this article, the commissioner\nmay in the name of the state,\n (a) in the case of municipalities which have contracted with the\nfederal government for a capital grant (or for a loan and grant)\nsubsequent to the thirty-first day of December, nineteen hundred sixty,\nmake or contract to make, within appropriations therefor, a state\ncapital grant to such municipality to assist in carrying out one or more\nprograms of urban renewal; provided, however, that such state capital\ngrant may be made with respect to that part of any program which has\nbeen added, or with respect to which the federal capital grant, or lo

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