NY Exec L § 209-F (2021)
2021 New York Laws EXC - Executive Article 10-B - New York State Office of Science, Technology and Academic Research 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.