N.Y. Public Authorities Law § 3165: Transfer of appropriation

§ 3165. Transfer of appropriation. Transfer of appropriations

heretofore made to the New York state office of science, technology and

academic research. Upon the transfer pursuant to section thirty-one

hundred fifty-six of this title of the functions and powers possessed by

and all of the obligations and duties of the New York state office of

science, technology and academic research as established pursuant to

article ten-B of the executive law to the foundation as prescribed by

section thirty-one hundred fifty-six of this title, all appropriations

and reappropriations which shall have been made available as of the date

of such transfer to the New York state office of science, technology and

academic research or segregated pursuant to law, to the extent of

remaining unexpended or unencumbered balances thereof, whether allocated

or unallocated and whether obligated or unobligated, shall be

transferred to and made available for use and expenditure by the

foundation and when appropriate made available to the regional

partnerships for the same purposes 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. Payments of liabilities for expenses of personal service,

maintenance and operation which shall have been incurred as of the date

of such transfer by the New York state office of science, technology and

academic research, and for liabilities incurred and to be incurred in

completing its affairs shall also be made on vouchers certified or

approved by the executive director of the foundation, on audit and

warrant of the comptroller. All of the assets and liabilities of the

small business technology investment fund transferred from the New York

state science and technology foundation to the urban development

corporation pursuant to subdivision two of section two hundred nine-f of

the executive law shall be transferred to the New York state foundation

for science, technology and innovation established pursuant to this

title.