2925 – Investments of Funds by Public Authorities and Public Benefit Corporations; General Provisions.
§ 2925. Investments of funds by public authorities and public benefit corporations; general provisions. 1. Every public authority and every public benefit corporation whether or not such corporation is otherwise governed by this chapter, (such entities to be hereinafter in this title referred to as “corporation”) shall by resolution adopt comprehensive investment guidelines which detail […]
2926 – Interest Rate Exchange or Similar Agreements for Court Facilities and Combined Occupancy Structures and Health Facilities.
§ 2926. Interest rate exchange or similar agreements for court facilities and combined occupancy structures and health facilities. 1. In connection with the issuance of bonds, notes, or other obligations, or in connection with such bonds, notes, or other obligations already outstanding, for court facilities and combined occupancy structures pursuant to section sixteen hundred eighty-b […]
2927 – Investment of Funds by Public Authorities and Public Benefit Corporations in Deposits Insured by the Federal Deposit Insurance Corporation.
§ 2927. Investment of funds by public authorities and public benefit corporations in deposits insured by the federal deposit insurance corporation. Notwithstanding any inconsistent provision of this chapter or any other general, special or local law, every corporation whether or not such corporation is otherwise governed by this chapter, may temporarily invest moneys not required […]
2930 – Definitions.
§ 2930. Definitions. For the purposes of this title, the following terms shall have the following meanings: 1. “Internal control”. A process that integrates the activities, plans, attitudes, policies, systems, resources and efforts of the people of an organization working together, and that is designed to provide reasonable assurance that the organization will achieve its […]
2931 – Internal Control Responsibilities.
§ 2931. Internal control responsibilities. The governing board of each covered authority shall: 1. establish and maintain for the authority guidelines for a system of internal control that are in accordance with this article and internal control standards; 2. establish and maintain for the authority a system of internal control and a program of internal […]
2932 – Internal Audit Responsibilities.
§ 2932. Internal audit responsibilities. 1. The governing board of each covered authority or its designee shall determine, and periodically review the determination of, whether an internal audit function within the covered authority is required. Establishment of such function shall be based upon an evaluation of exposure to risk, costs and benefits of implementation, and […]
2879-A – Comptroller Approval of Contracts.
§ 2879-a. Comptroller approval of contracts. 1. Except as set forth in subdivision three of this section, where the comptroller determines pursuant to his or her authority to supervise the accounts of public corporations, that contracts or categories of contracts in excess of one million dollars (a) to be awarded by a state authority to […]
2879-B – Labor Peace.
§ 2879-b. Labor peace. 1. As used in this section: (a) “Contractor” means a company undertaking a covered project, or the operator of a hotel or convention center that is part of a covered project. (b) “Substantial proprietary interest” means the authority: (i) owns fee title or a leasehold interest in the project of at […]
2879-C – Iranian Energy Sector Divestment.
§ 2879-c. Iranian energy sector divestment. 1. As used in this section: a. “Energy sector” shall have the same meaning as defined in paragraph (a) of subdivision one of section one hundred sixty-five-a of the state finance law. b. “Financial institution” shall have the same meaning as defined in paragraph (b) of subdivision one of […]
2880 – Prompt Payment.
§ 2880. Prompt payment. 1. Definitions. As used in this section, the following terms shall have the following meanings unless the context shall indicate another or different meaning or intent: (a) “Corporation” means every public authority and public benefit corporation a majority of the governing board members of which are either appointed by the governor […]