N.Y. Executive Law § 209-f: Transfer of certain functions of the science and technology foundation

§ 209-f. Transfer of certain functions of the science and technology

foundation. 1. Transfer of the small business technology investment

fund. Upon the transfer pursuant to section two hundred nine-d of this

article of 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 to

the office as prescribed by section two hundred nine-d of this article,

notwithstanding section twenty-eight of section one of chapter one

hundred seventy-four of the laws of nineteen hundred sixty-eight, the

administration of the small business technology investment fund shall be

transferred and assigned to, assumed by and devolved upon the urban

development corporation, and the administration of the small business

technology investment fund is hereby determined to be a corporate

purpose of the urban development corporation.

2. Transfer of certain assets and liabilities. Upon the transfer

pursuant to section two hundred nine-d of this article of 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 to the office as prescribed by

section two hundred nine-d of this article, all of the assets and

liabilities of the small business technology investment fund established

pursuant to appropriations made by various chapters of the law

including, but not limited to chapter fifty-three of the laws of

nineteen hundred eighty-one, chapter fifty-three of the laws of nineteen

hundred eighty-five, chapter fifty-three of the laws of nineteen hundred

eighty-six, chapter fifty-three of the laws of nineteen hundred

eighty-seven, chapter fifty-three of the laws of nineteen hundred

eighty-eight, chapter fifty-three of the laws of nineteen hundred

eighty-nine, chapter fifty-three of the laws of nineteen hundred ninety,

chapter fifty-three of the laws of nineteen hundred ninety-one, chapter

fifty-three of the laws of nineteen hundred ninety-two, chapter

fifty-three of the laws of nineteen hundred ninety-three, chapter

fifty-three of the laws of nineteen hundred ninety-four, and chapter

fifty-three of the laws of nineteen hundred ninety-five shall be

transferred to the urban development corporation.

3. Transfer of certain appropriations. Upon the transfer pursuant to

section two hundred nine-d of this article of 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 to the office as prescribed by section two

hundred nine-d of this article, appropriations enacted heretofore for

the small business technology investment fund made pursuant to various

chapters of the law including, but not limited to, chapter fifty-three

of the laws of nineteen hundred eighty-one, chapter fifty-three of the

laws of nineteen hundred eighty-five, chapter fifty-three of the laws of

nineteen hundred eighty-six, chapter fifty-three of the laws of nineteen

hundred eighty-seven, chapter fifty-three of the laws of nineteen

hundred eighty-eight, chapter fifty-three of the laws of nineteen

hundred eighty-nine, chapter fifty-three of the laws of nineteen hundred

ninety, chapter fifty-three of the laws of nineteen hundred ninety-one,

chapter fifty-three of the laws of nineteen hundred ninety-two, chapter

fifty-three of the laws of nineteen hundred ninety-three, chapter

fifty-three of the laws of nineteen hundred ninety-four, and chapter

fifty-three of the laws of nineteen hundred ninety-five, all

appropriations and reappropriations heretofore made to the science and

technology foundation, or segregated pursuant to law, to the extent of

remaining unexpended or unencumbered balances thereof, whether allocated

or unallocated and obligated or unobligated, shall be transferred and

made available to for use and expenditure by the urban development

corporation for the same purpose for which originally appropriated or

reappropriated and shall be payable on vouchers certified or approved by

the commissioner of taxation and finance, on audit and warrant of the

comptroller.

4. Transfer of certain records. Upon the transfer pursuant to section

two hundred nine-d of this article of 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 to the office as prescribed by section two hundred

nine-d of this article, all books, papers, records and property

pertaining to the small business technology investment fund shall be

maintained by the urban development corporation.