New York § 179-U Advance payments

New York Statutes

§ 179-U — Advance payments

New York § 179-U

Law STFState Finance

Art. 11-BPrompt Contracting and Interest Payments For Not-for-profit Organizations

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Bluebook

N.Y. State Finance § 179-U (2026).

Text

§ 179-u. Advance payments.

1.When a state agency administering a\ncontract shall advise the not-for-profit organization of the agency's\nintention to renew the contract, the not-for-profit organization, may,\nupon receipt of a written directive, be entitled to an advance payment\npending execution of the renewal contract if such contract is not fully\nexecuted by the commencement date of the succeeding contract; the\nwritten directive shall specifically set forth the dollar amount and the\nperiod of time covered by the advance payment. Such advance payment\nshall offset future payments due to the organization for services\nprovided during the term of the prospective renewal contract and shall\nnot exceed the maximum contract amount set forth in said renewal\ncontract.\n 2. A state agen

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§ 179-u. Advance payments. 1. When a state agency administering a\ncontract shall advise the not-for-profit organization of the agency's\nintention to renew the contract, the not-for-profit organization, may,\nupon receipt of a written directive, be entitled to an advance payment\npending execution of the renewal contract if such contract is not fully\nexecuted by the commencement date of the succeeding contract; the\nwritten directive shall specifically set forth the dollar amount and the\nperiod of time covered by the advance payment. Such advance payment\nshall offset future payments due to the organization for services\nprovided during the term of the prospective renewal contract and shall\nnot exceed the maximum contract amount set forth in said renewal\ncontract.\n 2. A state agency providing an advance payment pursuant to subdivision\none of this section shall submit a written directive, a voucher and such\nother documents as may be required to the comptroller for approval.\n