2006 New York Code - Real Property Acquisition Options.

 
  § 41.48 Real property acquisition options.
    (a)  Notwithstanding  any  inconsistent  provision of this article and
  within appropriations made therefor, the commissioners of the offices of
  mental health and mental retardation and developmental disabilities  are
  authorized  upon the application of voluntary agencies, to make payments
  for the reasonable price of options  to  acquire  an  interest  in  real
  property,  for  the  purpose  of establishing a community mental hygiene
  facility. Such applications shall be made in the  manner  and  on  forms
  prescribed by the appropriate commissioner. Sellers of real property who
  are required to disclose financial or other beneficial interests in such
  property  under  section  41.46 of this article shall not be eligible to
  receive payments under this section.
    (b) The comptroller is authorized, pursuant  to  section  one  hundred
  fifteen  of  the  state finance law, to establish a cash advance account
  for the purpose of payment of options under this section. Such  payments
  may  only  be  made  by a bonded employee, designated by the appropriate
  commissioner,  from  the  cash  advance  account  established  for  such
  purpose.
    (c)  As used in this section the term "reasonable price" shall mean an
  amount that is not in excess of guidelines developed by the commissioner
  of the office of mental health or mental retardation  and  developmental
  disabilities  and  approved  by the director of the budget and the state
  comptroller.