New York § 486 Maintenance of records

New York Statutes

§ 486 — Maintenance of records

New York § 486

Law TRATransportation

Art. 22Implementation of the Rebuild and Renew New York Transportation Bond Act of 2005

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Bluebook

N.Y. Transportation § 486 (2026).

Text

  § 486. Maintenance of records. In connection with each contract, the\ncommissioner and the municipality shall keep adequate records of the\namount of the payment by the state, the amount of federal assistance, if\nany, received by the municipality for the project, and of all moneys\nexpended by the municipality for such project. Such records required to\nbe kept by the commissioner shall establish the basis for recalculations\nof the state financial assistance as required herein. The commissioner\nshall have authority to carry out, or to cause to be carried out, audits\nof such contracts and records pursuant to rules and regulations\npromulgated by the commissioner.\n

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§ 486. Maintenance of records. In connection with each contract, the\ncommissioner and the municipality shall keep adequate records of the\namount of the payment by the state, the amount of federal assistance, if\nany, received by the municipality for the project, and of all moneys\nexpended by the municipality for such project. Such records required to\nbe kept by the commissioner shall establish the basis for recalculations\nof the state financial assistance as required herein. The commissioner\nshall have authority to carry out, or to cause to be carried out, audits\nof such contracts and records pursuant to rules and regulations\npromulgated by the commissioner.\n