Section 179-U. Advance payments  


Latest version.
  • 1.  When a state agency administering a
      contract shall advise the not-for-profit organization  of  the  agency's
      intention  to  renew the contract, the not-for-profit organization, may,
      upon receipt of a written directive, be entitled to an  advance  payment
      pending  execution of the renewal contract if such contract is not fully
      executed by the  commencement  date  of  the  succeeding  contract;  the
      written directive shall specifically set forth the dollar amount and the
      period  of  time  covered  by  the advance payment. Such advance payment
      shall offset future  payments  due  to  the  organization  for  services
      provided  during  the term of the prospective renewal contract and shall
      not exceed the  maximum  contract  amount  set  forth  in  said  renewal
      contract.
        2. A state agency providing an advance payment pursuant to subdivision
      one of this section shall submit a written directive, a voucher and such
      other documents as may be required to the comptroller for approval.