N.Y.
Public Authorities Law Section 2566
Appropriations
1.
To assure the continued operation and solvency of the corporation for the carrying out of the public purposes of this act, there may be, notwithstanding any provision of law to the contrary, annually apportioned and paid to the corporation such sum, if any, as shall be appropriated in the first instance by the state as necessary to enable the corporation to meet all items of expense, including proper maintenance of the convention center, that are approved by the director of the budget to be incurred by the corporation in the next succeeding state fiscal year. The chairman of the corporation shall annually, on or before September fifteenth, make and deliver to the governor and the director of the budget for their approval and for submission to the legislature a budget request for the operations of the corporation. The request shall delineate the total amount needed for corporate purposes, the source and amount of other funds that the corporation expects to receive, and such other information as the director of the budget shall require. The sum or sums appropriated in the first instance, or so much thereof as shall be necessary, shall be apportioned and paid to the corporation during the course of the fiscal year as needed.2.
Notwithstanding the provisions of any general or special law, no part of such appropriation shall be available for the purposes designated until a certificate of approval of availability shall have been issued by the director of the budget and a copy of such certificate filed with the state comptroller, the chairman of the senate finance committee and the chairman of the assembly ways and means committee. Such certificate may be amended from time to time, subject to the approval of the director of the budget, and a copy of each such amendment shall be filed with the state comptroller, the chairman of the senate finance committee and the chairman of the assembly ways and means committee.3.
The director of the budget shall not issue any certificate of approval of availability until the corporation has entered into a written agreement with the director of the budget providing for repayment by such corporation to the state of an amount equal to the total amount expended by the state from such appropriation, on terms to be determined by the director of the budget, and a copy of such agreement shall be filed with the state comptroller, the chairman of the senate finance committee and the chairman of the assembly ways and means committee. Notwithstanding the provisions of State Finance Law § 40-A (Repayment of advances)section forty-a of the state finance law and any other general or special law, such written agreement shall require repayment only to the extent that moneys are available from the convention center operating corporation fund established in accordance with § 2569 (Moneys of the corporation)section twenty-five hundred sixty-nine of this title.
Source:
Section 2566 — Appropriations, https://www.nysenate.gov/legislation/laws/PBA/2566 (updated Sep. 22, 2014; accessed Oct. 26, 2024).
