New York Statutes
§ 53-C — Report on financial support of research institutes
New York § 53-C
This text of New York § 53-C (Report on financial support of research institutes) 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.
Bluebook
N.Y. State Finance § 53-C (2026).
Text
§ 53-c. Report on financial support of research institutes. If any\nstate agency agrees to provide financial support or any other assistance\nto cover any operating loss for a research institute, such agency shall\nsubmit to the chairs of the senate committee on finance and the assembly\ncommittee on ways and means a report on the calculation of such loss.\nThis calculation shall include all revenue of the corporation from\nwhatever source and all expenses of the corporation. If such calculation\nresults in an operating surplus, such surplus shall be paid to the state\nand may be credited to the budget of the affiliated agency subject to an\nappropriation by the legislature.\n
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New York § 53-C, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/STF/53-C.