New York Statutes

§ 609 — Contracts of corporation

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§ 609. Contracts of corporation. 1. The corporation shall let\ncontracts for construction or any other work, including the furnishing\nof materials or supplies incident thereto, and contracts for the\npurchase or procurement of equipment, materials or supplies:

(i)in the\nmanner provided by law with respect to the letting of such contracts by\nthe state, except that where the estimated expense of a contract does\nnot exceed ten thousand dollars, such contract may be entered into\nwithout public letting, provided however, that where the corporation\ndetermines with respect to any contract that it would not be in the\npublic interest to comply with this section and the office of general\nservices, concurs in such determination, then it may enter into such\ncontract without public letting

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