This text of New York § 179-M (Duties of the comptroller) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§ 179-m. Duties of the comptroller. 1. The state comptroller shall:\n a. Promulgate such rules and regulations as may be necessary to carry\nout the comptroller's responsibilities under this article.\n b. Develop and implement a procedure for calculating the amount of\ninterest, if any, due to any contractor pursuant to the provisions of\nthis article. Such procedure shall include provisions for calculating\n(i) the amount of time, in calendar days, between the date of receipt of\na proper invoice by the state agency and the date on which an approvable\nvoucher was delivered to the state comptroller;
(ii)the amount of time\nbetween the date on which an approvable voucher was delivered to the\nstate comptroller and the payment date;
(iii)the amount of interest, if\nany, chargeable to
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§ 179-m. Duties of the comptroller. 1. The state comptroller shall:\n a. Promulgate such rules and regulations as may be necessary to carry\nout the comptroller's responsibilities under this article.\n b. Develop and implement a procedure for calculating the amount of\ninterest, if any, due to any contractor pursuant to the provisions of\nthis article. Such procedure shall include provisions for calculating\n(i) the amount of time, in calendar days, between the date of receipt of\na proper invoice by the state agency and the date on which an approvable\nvoucher was delivered to the state comptroller; (ii) the amount of time\nbetween the date on which an approvable voucher was delivered to the\nstate comptroller and the payment date; (iii) the amount of interest, if\nany, chargeable to the state agency involved pursuant to this article;\nand (iv) the amount of interest, if any, chargeable to the department of\naudit and control pursuant to this article.\n c. Develop and implement a procedure for paying such interest in not\nmore than seven days from the payment date on those proper invoices for\nwhich interest is due and for which the director of the budget does not\nissue a certificate or certificates increasing, transferring, or\ninterchanging funds so that an interest payment can be made pusuant to\nthis article. The comptroller shall also develop and implement a\nprocedure for paying such interest in not more than fourteen days from\nthe payment date on those proper invoices for which interest is due and\nfor which the director of the budget does issue a certificate or\ncertificates increasing, transferring, or interchanging funds so that an\ninterest payment can be made pursuant to this article.\n d. Develop and implement a procedure by which every state agency will\nnotify contractors promptly and directly whenever the state comptroller\nrejects a voucher and returns it to the state agency due to an error or\nomission in the voucher by the contractor.\n 2. Nothing contained in this section shall be deemed to preclude the\ncomptroller from subsequently promulgating, developing, or amending\nrules and regulations or procedures pursuant to, and consistent with,\nthis article.\n 3. The state comptroller shall submit a detailed special report to the\ngovernor and the legislature which shall include the number and amounts\nof interest payments made for each state agency, the number of interest\nchargeable days and the number of days taken to process the contract\npayment, the extent to which those delays occurred because the state\nagency took longer than allotted pursuant to the provisions of this\narticle to process the affected invoices and the extent to which those\ndelays occurred because the department of audit and control took longer\nthan allotted pursuant to the provisions of this article to process the\nrelated vouchers, and a summary of the principal reasons that such late\npayments occurred. The report shall be delivered to the governor and\nlegislature within sixty calendar days after the conclusion of each\nfiscal year.\n