N.Y. EXC Law § 527-D

§ 527-d. New facility project grants. 1. Within the limit of funds\nmade available by appropriation from the youth centers facility fund as\nestablished by section ninety-seven-ff the state finance law, the\ndivision is hereby authorized to make awards to municipalities for the\nacquisition, demolition, design and construction of areas, buildings,\nstructures or facilities owned or to be owned by a municipality and used\nas a youth center. A municipality or a municipality acting jointly with\na not-for-profit corporation may be awarded a new facility project grant\npursuant to this title provided that title to any of such area,\nbuilding, structure or facilities is acquired and/or held by the\nmunicipality.\n 2. No new facility project grant shall be awarded to a municipality or\na municipality and a not-for-profit corporation acting jointly unless\nthe agreement as provided for in section five hundred twenty-seven-g of\nthis title also contains provisions which provide that in the event the\nmunicipality discontinues use of the facility financed by the new\nfacility project grant as a youth center facility during the period\nspecified in the agreement as provided for in such section five hundred\ntwenty-seven-g, the project cost shall become due and owing to the state\nand shall be payable from any amounts of state aid to which the\nmunicipality would be entitled.\n 3. No municipality which receives a new facility project grant shall\nbe required to establish a reserve fund and no reserve fund shall be\nconsidered part of the project cost for such project.\n