N.Y. Economic Development Law § 186: Transfers of economic development power

§ 186. Transfers of economic development power. The transfer of an

economic development power allocation between facilities of a recipient

shall be prohibited unless specifically approved by the board as

consistent with the criteria and requirements in sections one hundred

eighty-four, one hundred eighty-five and subdivision (g) of section one

hundred eighty-seven of this article as may be applicable. Any transfer

which occurs without the board's approval shall be invalid and such

transfer may subject the recipient to revocation of its allocation and

modification or revocation of its contract.