2017 New York Laws
STF - State Finance
Article 5-A - Certificates of Participation
66-F - Certain Interagency Transfers Authorized.
66-f. Certain interagency transfers authorized. The director of the budget may, if necessary, authorize the transfer of monies from one state department, agency or the city university of New York to pay for installment purchases or lease purchases made on its behalf, to another state department, agency or the city university of New York under a multi-agency installment purchase contract financed through the issuance of certificates of participation or similar instruments, but in no case shall the aggregate of state payments exceed the total amount actually appropriated for the underlying installment purchase obligations. The director of the budget shall file his approval of a certificate of allocation for such a transfer with the state comptroller and the chairs of the senate finance committee and the assembly ways and means committee.
