N.Y. State Finance Law 8-B – Additional duties of the comptroller
§ 8-b. Additional duties of the comptroller. 1. The comptroller is hereby authorized and directed to assess fringe benefit and central service agency indirect costs on all non-general funds, and on the general fund upon request and at the sole discretion of the director of the budget, and to charge such assessments to such funds. Such fringe benefit and indirect costs assessments shall be based on rates provided to the comptroller by the director of the budget. Copies of such rates shall be provided to the legislative fiscal committees.
Terms Used In N.Y. State Finance Law 8-B
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
2. Receipts derived from such indirect costs assessments, paid pursuant to appropriations, shall be deposited to the indirect costs recovery account. Receipts derived from the fringe benefit assessments, paid pursuant to appropriations, shall be deposited to the fringe benefit escrow account. If any of the fringe benefit escrow accounts have available balances, such balances may be applied to other categories in the general state charges schedule as determined by the director of the budget.