§ 66-a. Restriction on issuance of certificates of participation. 1. No person, partnership, corporation or other legal entity nor any state officer, employee, agency, department, the city university of New York, the legislature or the judiciary shall issue certificates of participation or similar instruments representing the right to receive a proportionate share in lease, installment […]
§ 66-b. Issuance of certificates of participation. 1. The director of the budget shall determine whether the use of certificates of participation to finance and/or to refinance installment purchase or lease purchase contracts entered into by state departments, agencies or the city university of New York is financially desirable and in the best interest of […]
§ 66-c. Certificates of participation not debt. Certificates of participation or similar instruments issued pursuant to this article and the underlying installment purchase or lease purchase contracts do not constitute or create debt of the state as defined in article seven of the state constitution, nor a contractual obligation in excess of the amounts appropriated […]
§ 66-d. Annual ceiling on certificates of participation. 1. The governor shall include in the bills which he submits in connection with the executive budget his recommendation as to the total maximum amount of certificates of participation to be issued for purchases of personal property by state departments, agencies, and the city university of New […]
§ 66-e. Restrictions on the use of certificates of participation for real property. Certificates of participation or similar instruments shall not be used to finance the acquisition or improvement of real property unless specifically authorized in an appropriation bill or some other law for such real property installment purchase.
§ 66-f. Certain interagency transfers authorized. The director of the budget may, if necessary, authorize the transfer of monies from one state department, agency or the city university of New York to pay for installment purchases or lease purchases made on its behalf, to another state department, agency or the city university of New York […]
§ 66-g. Indemnification. Any agreement for the issuance of certificates of participation to fund installment purchases by the state may provide that the state will indemnify the trustee, paying agent, service agent or any other person performing a similar or related function, but only to the extent that the liability triggering the event of indemnification […]
§ 66-h. Restriction on sale in the event of nonappropriation. 1. Any agreement for the issuance of certificates of participation to fund installment purchases or lease purchases by the state may provide that the certificates are secured by the underlying property and that, in the event that the legislature fails to appropriate funds sufficient for […]
§ 66-j. Annual report. On or before February fifteenth of each fiscal year, beginning with the nineteen hundred eighty-eight–eighty-nine fiscal year and ending with the nineteen hundred ninety-seven–ninety-eight fiscal year, and on or before February fifteenth and June fifteenth of each fiscal year, beginning with the nineteen hundred ninety-eight–ninety-nine fiscal year, the state comptroller shall […]
§ 66-k. Certificates of participation; reallocation requirements. 1. This section shall not apply to appropriations made to units of the state university or the city university of New York. 2. In those cases where funds have been appropriated to a state department or agency for the outright purchase of equipment, and when with the approval […]
§ 66-l. Certificates of participation executed and delivered by the state of New York bond bank agency on behalf of a political subdivision. The provisions of this article shall not apply to certificates of participation executed and delivered by the state of New York bond bank agency on behalf of a political subdivision as provided […]
