2023 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.