Section 209-D. Transfer of powers of science and technology foundations

Except as otherwise provided in  section  two  hundred  nine-f  of  this
  article,   the  functions  and  powers  possessed  by  and  all  of  the
  obligations and duties of  the  science  and  technology  foundation  as
  established  pursuant  to  article  ten-A  of the public authorities law
  shall be transferred and assigned to, assumed by and devolved  upon  the
  office.  Such  transfer  shall occur no later than January thirty-first,
  two thousand, provided, however, that such transfer may occur  prior  to
  January   thirty-first,   two  thousand  pursuant  to  a  memorandum  of
  understanding executed by the chairman of  the  science  and  technology
  foundation  and the executive director of the office, and provided that,
  in the event that it is impractical to effectuate such  transfer  on  or
  before  January  thirty-first,  two  thousand,  the  chairperson  of the
  science and technology foundation and  the  executive  director  of  the
  office may upon notification to the governor, temporary president of the
  senate,  and speaker of the assembly on or before January fifteenth, two
  thousand,  execute  a  memorandum  of  understanding   to   govern   the
  expeditious transfer required pursuant to this section.