New York Laws
Title 15 - Water Supply
15-1513 - Payment of Cost of Construction.

1. The cost of any such project shall be certified by the department
to the applicant and shall be paid by the applicant within thirty days
thereafter to the persons or corporations entitled thereto. Either total
or partial costs may be thus certified, as the department shall
determine. The applicant is hereby authorized to pay such costs from
funds which have been raised, or which it is authorized to raise for the
purpose of waterworks construction.

2. It shall be unlawful for the applicant to pay out, for any purpose
other than those specified in this section, any funds which it shall
have certified to the department to be available for defraying cost of
this construction, until such time as the department shall have
certified to the applicant that all construction costs have been paid.

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