New York State Finance Code § 179-X

Federal funds
Open in Lexace · Ask the AI about this section
§ 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 process, whichever is applicable, provided however that a\nnot-for-profit organization receiving federal funds to which such\ntimeframes are applicable shall be entitled to interest payments\npursuant to section one hundred seventy-nine-v of this article or after\none hundred twenty days following the state's receipt of federal funds\nfor the program, whichever is later.\n

‹ Prev All New York sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.