Section 179-Y. Duties of the comptroller

Latest version.

1. The state comptroller shall:
  (a) promulgate such rules and regulations as may be necessary  to  carry
  out  the  comptroller's  responsibilities  under  this article including
  provisions for repayment; and (b) develop and implement a procedure  for
  calculating  the  amount  of interest, if any, due to any not-for-profit
  organization pursuant to the provisions of this article.
    2. Nothing contained in this section shall be deemed to  preclude  the
  comptroller  from  subsequently  promulgating,  developing,  or amending
  rules and regulations or procedures pursuant to,  and  consistent  with,
  this article.

                    
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