N.Y. State Finance Law Section 179-U
Advance payments

1.

When a state agency administering a contract shall advise the not-for-profit organization of the agency’s intention to renew the contract, the not-for-profit organization, may, upon receipt of a written directive, be entitled to an advance payment pending execution of the renewal contract if such contract is not fully executed by the commencement date of the succeeding contract; the written directive shall specifically set forth the dollar amount and the period of time covered by the advance payment. Such advance payment shall offset future payments due to the organization for services provided during the term of the prospective renewal contract and shall not exceed the maximum contract amount set forth in said renewal contract.

2.

A state agency providing an advance payment pursuant to subdivision one of this section shall submit a written directive, a voucher and such other documents as may be required to the comptroller for approval.

Source: Section 179-U — Advance payments, https://www.­nysenate.­gov/legislation/laws/STF/179-U (updated Sep. 22, 2014; accessed Dec. 21, 2024).

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Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 179-U’s source at nysenate​.gov

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