2016 New York Laws
STF - State Finance
Article 6 - (State Finance) FUNDS OF THE STATE
97-Y - Business and licensing services account.

NY State Fin L § 97-Y (2016) What's This?

97-y. Business and licensing services account. 1. There is hereby established within the miscellaneous special revenue fund in the joint custody of the state comptroller and the commissioner of taxation and finance an account to be known as the "business and licensing services account".

2. The business and licensing services account shall consist of all monies collected by the department of state from: (a) fees paid to it in conjunction with its activities pursuant to the business corporation law, the not-for-profit corporation law, or other corporate law, the partnership law, the limited liability company law, and correlative provisions of the executive law, the general business law and any other law, consolidated or unconsolidated; (b) fees paid to it in conjunction with its activities pursuant to the provisions of section ninety-six-a of the executive law or pursuant to any other provision of law, for services rendered in accordance with the provisions of the uniform commercial code or article ten-A of the lien law; (c) fees charged for the regulation, licensing, examination, certification, registration and discipline activities of the department of state; (d) monies received from licenses granted under section four hundred thirty-eight of the judiciary law; and (e) fees collected pursuant to section three hundred ninety-nine-pp of the general business law.

3. Monies within the business and licensing services account, upon appropriation by the legislature, shall be available to the department of state for the operation of the department in relation to (a) uniform commercial code and related tax lien requirements, (b) corporations and state records functions and services, including but not limited to reviewing, filing, searching, certifying or copying of documents, instruments and records rendered by the department in conjunction therewith, (c) the regulation, licensing, examination, certification, registration and discipline activities of the department of state, and (d) implementation, operation and enforcement of articles seven-A, eight-B and eight-C of the general business law.

4. Notwithstanding any other provisions of this section to the contrary, moneys deposited pursuant to sections ninety-seven-r and ninety-seven-nn of this article shall be available to the department of state for the purposes set forth in such sections.


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