State Codes and Statutes

Statutes > New-york > Stf > Article-4 > 40-a

§  40-a.  Repayment  of  advances. 1. Notwithstanding any inconsistent  provision of this chapter or of any other general, special or local law,  every appropriation of state funds hereafter made as an advance to or on  behalf of any  agency,  authority,  fund  or  corporation  continued  or  created  by  the public authorities law or by any other act or law shall  be identified as an advance, and shall provide that in  any  event,  and  notwithstanding  a  repayment schedule, the unpaid balance of any moneys  appropriated as an advance shall be repaid  to  the  state  out  of  the  proceeds  of  the  first bonds issued by such agency, authority, fund or  corporation subsequent to the effective date of such appropriation.    2. No part of any appropriation made as an advance  pursuant  to  this  section  shall  be  available  for expenditure until a written repayment  agreement is entered into by the agency, authority, fund or  corporation  to  which the appropriation is made and the director of the budget. Each  and every such repayment agreement shall include  a  repayment  schedule  which  states  the date or dates on which the amount of each part or all  of the appropriation made as an advance shall be repaid to the state and  meets such other terms and conditions as determined by the  director  of  the  budget.   A copy of each such executed repayment agreement shall be  filed with the chairman of the senate finance committee, the chairman of  the assembly ways and means committee, and the comptroller.    3. The state comptroller shall  at  the  commencement  of  each  month  certify  to  the  director  of  the  budget,  the chairman of the senate  finance committee and the  chairman  of  the  assembly  ways  and  means  committee,  and  the  chief  executive officer of the agency, authority,  fund or corporation to which  the  appropriation  is  made  the  amounts  expended   from   such   appropriation  for  the  month  preceding  such  certification.    4. Repayment of amounts expended from appropriations  as  advances  by  the  state  shall  be received by the state comptroller and deposited in  the treasury.  Such repayment shall, in total, be  sufficient  to  fully  reimburse the state for the advances.

State Codes and Statutes

Statutes > New-york > Stf > Article-4 > 40-a

§  40-a.  Repayment  of  advances. 1. Notwithstanding any inconsistent  provision of this chapter or of any other general, special or local law,  every appropriation of state funds hereafter made as an advance to or on  behalf of any  agency,  authority,  fund  or  corporation  continued  or  created  by  the public authorities law or by any other act or law shall  be identified as an advance, and shall provide that in  any  event,  and  notwithstanding  a  repayment schedule, the unpaid balance of any moneys  appropriated as an advance shall be repaid  to  the  state  out  of  the  proceeds  of  the  first bonds issued by such agency, authority, fund or  corporation subsequent to the effective date of such appropriation.    2. No part of any appropriation made as an advance  pursuant  to  this  section  shall  be  available  for expenditure until a written repayment  agreement is entered into by the agency, authority, fund or  corporation  to  which the appropriation is made and the director of the budget. Each  and every such repayment agreement shall include  a  repayment  schedule  which  states  the date or dates on which the amount of each part or all  of the appropriation made as an advance shall be repaid to the state and  meets such other terms and conditions as determined by the  director  of  the  budget.   A copy of each such executed repayment agreement shall be  filed with the chairman of the senate finance committee, the chairman of  the assembly ways and means committee, and the comptroller.    3. The state comptroller shall  at  the  commencement  of  each  month  certify  to  the  director  of  the  budget,  the chairman of the senate  finance committee and the  chairman  of  the  assembly  ways  and  means  committee,  and  the  chief  executive officer of the agency, authority,  fund or corporation to which  the  appropriation  is  made  the  amounts  expended   from   such   appropriation  for  the  month  preceding  such  certification.    4. Repayment of amounts expended from appropriations  as  advances  by  the  state  shall  be received by the state comptroller and deposited in  the treasury.  Such repayment shall, in total, be  sufficient  to  fully  reimburse the state for the advances.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Stf > Article-4 > 40-a

§  40-a.  Repayment  of  advances. 1. Notwithstanding any inconsistent  provision of this chapter or of any other general, special or local law,  every appropriation of state funds hereafter made as an advance to or on  behalf of any  agency,  authority,  fund  or  corporation  continued  or  created  by  the public authorities law or by any other act or law shall  be identified as an advance, and shall provide that in  any  event,  and  notwithstanding  a  repayment schedule, the unpaid balance of any moneys  appropriated as an advance shall be repaid  to  the  state  out  of  the  proceeds  of  the  first bonds issued by such agency, authority, fund or  corporation subsequent to the effective date of such appropriation.    2. No part of any appropriation made as an advance  pursuant  to  this  section  shall  be  available  for expenditure until a written repayment  agreement is entered into by the agency, authority, fund or  corporation  to  which the appropriation is made and the director of the budget. Each  and every such repayment agreement shall include  a  repayment  schedule  which  states  the date or dates on which the amount of each part or all  of the appropriation made as an advance shall be repaid to the state and  meets such other terms and conditions as determined by the  director  of  the  budget.   A copy of each such executed repayment agreement shall be  filed with the chairman of the senate finance committee, the chairman of  the assembly ways and means committee, and the comptroller.    3. The state comptroller shall  at  the  commencement  of  each  month  certify  to  the  director  of  the  budget,  the chairman of the senate  finance committee and the  chairman  of  the  assembly  ways  and  means  committee,  and  the  chief  executive officer of the agency, authority,  fund or corporation to which  the  appropriation  is  made  the  amounts  expended   from   such   appropriation  for  the  month  preceding  such  certification.    4. Repayment of amounts expended from appropriations  as  advances  by  the  state  shall  be received by the state comptroller and deposited in  the treasury.  Such repayment shall, in total, be  sufficient  to  fully  reimburse the state for the advances.