N.Y. State Finance Law 179-X – Federal funds
§ 179-x. Federal funds. The provisions of this article as they relate to federal funds shall only be applicable to the extent a state agency is in receipt of federal funds for a particular program; provided however, the provisions of this article shall be applicable to federal funds, including but not limited to funds such as petroleum overcharge moneys, only to the extent that any required federal or court review or approval process concerning the use of such funds has been completed, and no notification of disapproval has been received by a state agency. Any time frame contained within the provisions of this article shall run from the date of the notification to a state agency of receipt of federal funds, or the completion of any required federal or court review or approval process, whichever is applicable, provided however that a not-for-profit organization receiving federal funds to which such timeframes are applicable shall be entitled to interest payments pursuant to section one hundred seventy-nine-v of this article or after one hundred twenty days following the state's receipt of federal funds for the program, whichever is later.
Terms Used In N.Y. State Finance Law 179-X
- organization: means a domestic corporation incorporated pursuant to or otherwise subject to the not-for-profit corporation law, a charitable organization registered with the secretary of state, a special act corporation created pursuant to chapter four hundred sixty-eight of the laws of eighteen hundred ninety-nine, as amended, a special act corporation formed pursuant to chapter two hundred fifty-six of the laws of nineteen hundred seventeen, as amended, a corporation authorized pursuant to an act of congress approved January fifth, nineteen hundred five, (33 stat. See N.Y. State Finance Law 179-Q
- Program: means a provision of law authorizing a state agency to undertake activities that are to be accomplished in whole or in part through contracts with not-for-profit organizations. See N.Y. State Finance Law 179-Q
- State agency: means any department, board, bureau, commission, division, office, council, institution or committee in the executive branch of government, the urban development corporation or the natural heritage trust to which an appropriation is made for the purposes of carrying out a program as defined herein. See N.Y. State Finance Law 179-Q