§ 352. Definitions. As used in this article the following words and
phrases shall have the following meanings unless a different meaning is
plainly required by the context:

1. "Company", or "community senior citizens centers and services
company". A company, duly incorporated pursuant to the provisions of the
not-for-profit corporation law and this article, for the purpose of
providing centers for the aging, and such facilities as may be
incidental or appurtenant thereto.

2. "Project" or "community senior citizens services project". A
specific work or improvement, including lands, buildings, improvements,
fixtures and articles of personal property, constructed, acquired,
reconstructed, rehabilitated, managed, owned or operated by a company
pursuant to this article, to provide centers for the aging, including
such facilities as may be incidental or appurtenant thereto.

3. "Project cost" or "community senior citizens services project
cost". The sum total of all costs incurred by a company approved by the
commissioner as reasonable and necessary for carrying out all works and
undertakings and providing all necessary equipment for the development
of a project, less any private or federal, state or local financial
assistance available for and received by the company for the payment of
such project cost. These shall include but are not necessarily limited
to the carrying charges during construction up to and including the
occupancy date, working capital not exceeding three per centum of the
estimated total cost or three per centum of the actual total final cost,
whichever is larger, the cost of all necessary studies, surveys, plans
and specifications, architectural, engineering, legal or other special
services, the cost of acquisition of land and any improvements thereon,
site preparation and development, construction, reconstruction,
rehabilitation, improvement and equipment, including fixtures,
equipment, and articles of personal property required for the operation
of such facilities, the reasonable cost of financing incurred by the
company in the course of the development of the project, up to and
including the occupancy date, the fees imposed by the commissioner and
by the New York state housing finance agency; other fees charged, and
necessary expenses incurred in connection with the initial occupancy of
the project, and the cost of such other items as the commissioner may
determine to be reasonable and necessary for the development of a
project, less any and all rents and other net revenues from the
operation of the real property, improvements or personal property on the
project site, or any part thereof, by the company on and after the date
on which the contract between the company and the New York state housing
finance agency was entered into and prior to the occupancy date.

4. "Occupancy date". The date defined in the document providing for a
mortgage loan between a company and the New York state housing finance
agency.

5. "Commissioner". The commissioner of social services of the state of
New York.

6. "Department". The department of social services of the state of New
York.