New York Statutes

§ 179-X — Federal funds

New York·Law STF State Finance·Art. 11-B Prompt Contracting and Interest Payments For Not-for-profit Organizations
§ 179-x. Federal funds. The provisions of this article as they relate\nto federal funds shall only be applicable to the extent a state agency\nis in receipt of federal funds for a particular program; provided\nhowever, the provisions of this article shall be applicable to federal\nfunds, including but not limited to funds such as petroleum overcharge\nmoneys, only to the extent that any required federal or court review or\napproval process concerning the use of such funds has been completed,\nand no notification of disapproval has been received by a state agency.\nAny time frame contained within the provisions of this article shall run\nfrom the date of the notification to a state agency of receipt of\nfederal funds, or the completion of any required federal or court review\nor approval

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