Thereafter, the corporation and the applicant will sign a grant agreement incorporating the regulations contained herein and specifying the terms and conditions under which the grant will be provided. Among other matters, the grant agreement will provide for a reduction of the grant if project costs or expenses are reduced and conditions of financing are altered and such other restrictions as the corporation may deem appropriate.
N.Y. Comp. Codes R. & Regs. Tit. 21 § 2166.2