N.Y. State Finance Law § 97-JJ*2
Not-for-profit short-term revolving loan fund
New York · New York State Finance Law · Status: effective · Effective 2014-09-22
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- Citation
- N.Y. State Finance Law § 97-JJ*2, Not-for-profit short-term revolving loan fund, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1131200
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Full text
* § 97-jj. Not-for-profit short-term revolving loan fund. 1. There is
hereby established in the joint custody of the comptroller and the
commissioner of taxation and finance a fund to be known as the
not-for-profit short-term revolving loan fund. Such fund shall consist
of moneys made available pursuant to appropriation and any other sources
in order to provide support for prompt contracting with and payment of
not-for-profit organizations.
2. Moneys of the fund may be expended pursuant to section one hundred
seventy-nine-z of this chapter. Moneys shall be paid out of the fund on
the audit and warrant of the state comptroller pursuant to such section.
* NB There are 2 § 97-jj's