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The purpose of this memorandum is to implement Chapter 472 of the Laws of 2004, in which the State was authorized to approve capital financing through the Dormitory Authority of the State of New York (DASNY) to improve the health and safety of children cared for in residential institutions operated by voluntary agencies for which the Office of Children and Family Services (OCFS) establishes a maintenance rate. The memorandum also provides an alternate method for congregate programs to apply for capital financing through a waiver in the property parameters of the programs’ maximum State aid rates.
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