State Codes and Statutes

Statutes > New-york > Env > Article-15 > Title-17 > 15-1725

§ 15-1725. Prosecution of project works.    1.  The  licensee shall commence the construction of the project works  within the time fixed therefor in the license. He  shall  thereafter  in  good faith and with due diligence continue the construction thereof, and  within the time fixed in the license complete and put into operation the  whole  of  such  development  work  or such part or parts thereof as the  license prescribes; except that when not incompatible  with  the  public  interest,  the  department  may,  from  time to time, for good cause, by  resolution extend the time either for the commencement  of  construction  or for the completion thereof.    2. The licensee shall, when required by the department and as often as  once  in  every  six  months during the course of the construction, file  with the department a detailed statement of  the  cost  of  the  project  during  the period covered by the statement. Within six months after the  licensee has filed its final  statement  after  the  completion  of  the  project,  the department shall file a statement of the total cost of the  investment.    3. The department at such time or times as it deems proper may examine  any statement of the licensee, whether partial or complete, and  hold  a  hearing  to  determine whether the same correctly states the cost of the  project or part thereof, as therein set forth, and shall have  power  to  determine  whether any part of the expenditure has been made wastefully,  or in disregard of the terms of the license, or in  bad  faith,  and  to  deduct  such  items improperly included as may be necessary to make such  statement or statements conform to the  fair  and  actual  cost  of  the  project  or  part  thereof.  Subject  to  review  as provided in section  15-0905, the determination of the department shall be conclusive for all  purposes as to the amount of  such  investment  as  shown  by  any  such  statement.

State Codes and Statutes

Statutes > New-york > Env > Article-15 > Title-17 > 15-1725

§ 15-1725. Prosecution of project works.    1.  The  licensee shall commence the construction of the project works  within the time fixed therefor in the license. He  shall  thereafter  in  good faith and with due diligence continue the construction thereof, and  within the time fixed in the license complete and put into operation the  whole  of  such  development  work  or such part or parts thereof as the  license prescribes; except that when not incompatible  with  the  public  interest,  the  department  may,  from  time to time, for good cause, by  resolution extend the time either for the commencement  of  construction  or for the completion thereof.    2. The licensee shall, when required by the department and as often as  once  in  every  six  months during the course of the construction, file  with the department a detailed statement of  the  cost  of  the  project  during  the period covered by the statement. Within six months after the  licensee has filed its final  statement  after  the  completion  of  the  project,  the department shall file a statement of the total cost of the  investment.    3. The department at such time or times as it deems proper may examine  any statement of the licensee, whether partial or complete, and  hold  a  hearing  to  determine whether the same correctly states the cost of the  project or part thereof, as therein set forth, and shall have  power  to  determine  whether any part of the expenditure has been made wastefully,  or in disregard of the terms of the license, or in  bad  faith,  and  to  deduct  such  items improperly included as may be necessary to make such  statement or statements conform to the  fair  and  actual  cost  of  the  project  or  part  thereof.  Subject  to  review  as provided in section  15-0905, the determination of the department shall be conclusive for all  purposes as to the amount of  such  investment  as  shown  by  any  such  statement.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Env > Article-15 > Title-17 > 15-1725

§ 15-1725. Prosecution of project works.    1.  The  licensee shall commence the construction of the project works  within the time fixed therefor in the license. He  shall  thereafter  in  good faith and with due diligence continue the construction thereof, and  within the time fixed in the license complete and put into operation the  whole  of  such  development  work  or such part or parts thereof as the  license prescribes; except that when not incompatible  with  the  public  interest,  the  department  may,  from  time to time, for good cause, by  resolution extend the time either for the commencement  of  construction  or for the completion thereof.    2. The licensee shall, when required by the department and as often as  once  in  every  six  months during the course of the construction, file  with the department a detailed statement of  the  cost  of  the  project  during  the period covered by the statement. Within six months after the  licensee has filed its final  statement  after  the  completion  of  the  project,  the department shall file a statement of the total cost of the  investment.    3. The department at such time or times as it deems proper may examine  any statement of the licensee, whether partial or complete, and  hold  a  hearing  to  determine whether the same correctly states the cost of the  project or part thereof, as therein set forth, and shall have  power  to  determine  whether any part of the expenditure has been made wastefully,  or in disregard of the terms of the license, or in  bad  faith,  and  to  deduct  such  items improperly included as may be necessary to make such  statement or statements conform to the  fair  and  actual  cost  of  the  project  or  part  thereof.  Subject  to  review  as provided in section  15-0905, the determination of the department shall be conclusive for all  purposes as to the amount of  such  investment  as  shown  by  any  such  statement.

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