Section 66-F. Certain interagency transfers authorized  


Latest version.
  • The director of the
      budget  may,  if  necessary,  authorize  the transfer of monies from one
      state department, agency or the city university of New York to  pay  for
      installment  purchases or lease purchases made on its behalf, to another
      state department, agency or the city university  of  New  York  under  a
      multi-agency installment purchase contract financed through the issuance
      of  certificates of participation or similar instruments, but in no case
      shall the aggregate of state payments exceed the total  amount  actually
      appropriated  for  the  underlying installment purchase obligations. The
      director of the budget shall file  his  approval  of  a  certificate  of
      allocation for such a transfer with the state comptroller and the chairs
      of  the  senate  finance  committee  and  the  assembly  ways  and means
      committee.