N.Y. Executive Law § 209-d: Transfer of powers of science and technology foundations

§ 209-d. Transfer of powers of science and technology foundations.

Except as otherwise provided in section two hundred nine-f of this

article, the functions and powers possessed by and all of the

obligations and duties of the science and technology foundation as

established pursuant to article ten-A of the public authorities law

shall be transferred and assigned to, assumed by and devolved upon the

office. Such transfer shall occur no later than January thirty-first,

two thousand, provided, however, that such transfer may occur prior to

January thirty-first, two thousand pursuant to a memorandum of

understanding executed by the chairman of the science and technology

foundation and the executive director of the office, and provided that,

in the event that it is impractical to effectuate such transfer on or

before January thirty-first, two thousand, the chairperson of the

science and technology foundation and the executive director of the

office may upon notification to the governor, temporary president of the

senate, and speaker of the assembly on or before January fifteenth, two

thousand, execute a memorandum of understanding to govern the

expeditious transfer required pursuant to this section.