New York Statutes

§ 179-J — Disclaimer of state responsibility for interest payments incurred by contractors

New York·Law STF State Finance·Art. 11-A Interest Payments On Certain Amounts Owed By State
§ 179-j. Disclaimer of state responsibility for interest payments\nincurred by contractors. In the event that an interest payment is made\nby a contractor in the course of transacting business with any entity\nother than a state agency, such interest shall not be an obligation of\nthe state and the state shall not reimburse the contractor for such\ninterest, nor shall any moneys expended for such interest payments be\ncounted toward any matching requirement applicable to grants or payments\nof state funds unless expressly permitted by statute or regulation.\n

Free access — add to your briefcase to read the full text and ask questions with AI

New York § 179-J (Disclaimer of state responsibility for interest payments incurred by contractors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗