Navigating DDC's Not-for-Profit Reimbursement Program (NRP)
Discover essential information about the DDC Not-for-Profit Reimbursement Program (NRP), including legal requirements, contractual obligations, funding processes, and common pitfalls to avoid. Learn about the steps involved in accessing funds, reviewing budgets, and ensuring compliance with NYC regulations. Access the NRP handbook and website for detailed guidance on successfully navigating this program.
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Presentation Transcript
DDC NOT-FOR-PROFIT REIMBURSEMENT PROGRAM (NRP) INFORMATION FORUM M A R C H 1 , 2 0 2 1 Jamie Torres-Springer First Deputy Commissioner David J. Varoli, Esq. Deputy Commissioner, Law Division, & General Counsel
WELCOME TODAY S SPEAKERS David Varoli Irene Kaptzis Kathy Tuznik 2
What is DDC? INTRODUCTION My project is in the city budget, so how did it get here? When do I get my money? 3
DDCs NRP WEBSITE https://www1.nyc.gov/site/ ddc/contracts/not-for-profit- forms.page 4
NRP Legal Requirements: NYS Law on Secured Transactions: Art. 9 of the Uniform Commercial Code (UCC-1 for Equipment) (DMV Lien for Vehicles) NYC Charter & NYC Comptroller Directive #10 NYS Local Finance Law - Section 11 5
Main Contractual Requirements: Funding Agreement: Funding Agreement: 5 Year Use Required Typically City Purpose Covenant Non-Discrimination Affirmation Security Agreement: Security Agreement: Establishes City s Lien Interest 6
The Capital Funding Process: Budget & Legal Review NYC Funding Allocation Pre-CP Review CP Payment Requisition Reimbursement Comptroller Registration Approval 7
DDC Laws 3 Checklist Approach: Budget & Pre-CP Review Registration Payment 8
Five Common Pitfalls: Upfront purchase costs Procurement requirements Non-transferable software Minimally attached equipment UCC lien clearance 9
Next Steps: 1. Review DDC s NRP Handbook and website for more details. 2. Complete all checklist items for each project stage. 10
THANK YOU FOR JOINING US ON THIS WEBINAR. DDC Law is here to help. Let s keep in touch. Q & A 11
