N.Y. Comp. Codes R. & Regs. tit. 21, § 4243.33 – Eligible uses.

(a) Program funds for capital access projects provided through flexible financing programs may be used for:
1. (1) new construction, renovation or leasehold improvements;
2. (2) the acquisition or leasing of land, buildings, machinery and equipment;
3. (3) soft costs related to any of the above uses; and
4. (4) working capital.
(b) Program funds for such capital access projects may not be used for any ineligible costs.