reglab/statecodes huggingface dataset:
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter E - Administration Of Funds Paid Into Courts Of Record › Part 70 - Administration Of Funds Paid Into Courts Of Record › Section 70.8 - Deposit of funds with depositories

Current through Register Vol. 46, No. 28, July 10, 2024
(a) The State Comptroller will notify the
				  county treasurer of each county of the name and location of each depository
				  authorized to receive court and trust funds and moneys paid into courts of
				  record in said county and of the maximum amount of such funds and moneys which
				  may be placed on deposit at each depository.
(b) All court and trust funds and moneys paid
				  into courts of record must be deposited in a designated depository. All such
				  funds and money received by a county treasurer shall be deposited no later than
				  the close of the next business day following receipt.
(c) Whenever the balance of court and trust
				  funds and moneys paid into courts of record in a depository shall exceed 95
				  percent of the amount fixed by the State Comptroller as the maximum amount of
				  such funds which may be deposited in such depository, the county treasurer
				  shall immediately notify the State Comptroller. A county treasurer may notify
				  the State Comptroller at any earlier time if the county treasurer deems that
				  circumstances warrant that the State Comptroller be made aware of a given
				  situation. Notification must be in writing sent by first class mail except that
				  in cases of perceived emergencies the county treasurer may telephone the Bureau
				  of Cash and Debt Management in the Office of the State Comptroller and confirm
				  by facsimile transmission or first class mail. When the balance of the deposits
				  equals 100 percent of the amount so fixed, the county treasurer shall
				  immediately notify the Bureau of Cash and Debt Management in the Office of the
				  State Comptroller by telephone and confirm by facsimile transmission to seek an
				  amendment to the depository's Certificate of Eligibility to increase the
				  maximum amount authorized to be deposited in such depository.
(d) Funds held for particular actions or
				  proceedings may be pooled into a common bank account provided that the
				  designated depository keeps a separate book entry account for each action or
				  proceeding for which funds or moneys are deposited setting forth:
(1) the name of the court;
(2) the title of the action or
				  proceeding;
(3) the amount
				  deposited;
(4) the amount of any
				  additional deposits;
(5) the amount
				  of interest credited; and
(6) the
				  amount of each withdrawal.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter E - Administration Of Funds Paid Into Courts Of Record › Part 70 - Administration Of Funds Paid Into Courts Of Record › Section 70.9 - Investments

Current through Register Vol. 46, No. 28, July 10, 2024
A county treasurer may invest court and trust funds in his
					 charge in securities that are legal investments for trustees, subject to the
					 following conditions:
(a) Loans upon
				  real property should not be made:
(1) where
				  property is encumbereds and/or situated outside the county in and for which the
				  funds were paid into court;
(2) by
				  uniting the funds of separate and distinct actions, proceedings or
				  accounts;
(3) for more than 50
				  percent of the value of the property;
(4) without an order of the court having
				  jurisdiction of the funds distinctly specifying the securities to be taken.
				  This order should provide for payment of the mortgage recording tax. (See Tax
				  Law, art. 11).
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter E - Administration Of Funds Paid Into Courts Of Record › Part 70 - Administration Of Funds Paid Into Courts Of Record › Section 70.11 - Depositories

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Designations;
				  payment of interest.
(1) No banking
				  institution whose aggregate surplus and undivided profits do not equal or
				  exceed 20 percentum of the share capital of the institution shall be designated
				  as a depository for court and trust funds or for moneys paid into
				  court.
(2) Depositories to pay
				  interest. Depositories shall pay interest on court and trust funds and money
				  paid into courts of record at a rate satisfactory to the State Comptroller and
				  in no event less than the highest rate being paid by the depository on other
				  accounts having similar maturities. Such interest shall be computed from the
				  date of deposit to the date of withdrawal, except that no interest shall be
				  payable on monies withdrawn within 30 days from the date of deposit. Interest
				  is to be credited not less often than quarterly.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter E - Administration Of Funds Paid Into Courts Of Record › Part 70 - Administration Of Funds Paid Into Courts Of Record › Section 70.12 - Reports to the state comptroller

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Annual reports. Each county treasurer
				  having control of any moneys, securities or other property paid into a court of
				  record must make a report thereof to the State Comptroller in such form as the
				  State Comptroller shall prescribe for each calendar year. Such report must be
				  filed in the State Comptroller's office within 30 days after the expiration of
				  the year for which such report is made. Blank forms for this report will be
				  furnished by the Office of the State Comptroller. Interest credited as of
				  January 1st following must be included in such report with the interest
				  accumulated during the preceding year. Such report must be accompanied by a
				  proper certificate from each depository required by section 184  of the State Finance Law.
(b) Monthly reports. Each county treasurer
				  and each depository shall make such further report as the State Comptroller may
				  require and in the form which the State Comptroller may prescribe.
(c) Depository reports. Whenever any
				  depository authorized to receive court and trust funds effects a change of name
				  or is merged with another bank, such depository shall notify the State
				  Comptroller, in writing, of such change in name or status, within 10 days after
				  the same shall become official by action of the Banking Department of the State
				  of New York or the Board of Governors of the Federal Reserve System.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter E - Administration Of Funds Paid Into Courts Of Record › Part 72 - Report Of Open Estates Administered By Public Administrators Of The Counties Within The City Of New York › Section 72.1 - Report of open estates administered by public administrators of the counties within the city of new york

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
				  As used in this Part, the term public administrator shall mean the public
				  administrator of any county in which the office of public administrator exists
				  or any deputy public administrator or other individual who is performing the
				  duties of the public administrator as provided for by law.
(b) Whenever the estate of a decedent is
				  being administered by a public administrator pursuant to article 11 of the
				  Surrogate's Court Procedure Act, and such estate has not been fully distributed
				  nor a final accounting filed with petition for settlement with the appropriate
				  Surrogate's Court, the public administrator shall annually in the month of
				  January file a Report of Open Estates with the office of the State Comptroller,
				  covering every open estate in respect to which permanent letters of
				  administration were issued to such public administrator on or before the
				  preceding December 31st. The Report of Open Estates shall be submitted on a
				  form prescribed by the State Comptroller and shall include the name of the
				  estate; the date letters were granted; the amount of the gross estate; the
				  amount undistributed; reasons why final distribution of the estate has not been
				  made; the anticipated estate closing date and such additional information as
				  the State Comptroller may deem warranted. If there are no such open estates, a
				  report must be filed by the public administrator indicating that no estates are
				  open.
(c) The State Comptroller may
				  consider failure to timely file any report provided for herein as grounds for
				  petitioning the Surrogate of the county having jurisdiction, praying for a
				  judicial settlement of the accounts of any such public administrator, pursuant
				  to the provisions of section 8 (11)  of the State Finance
				  Law.
(d) The periods set forth in
				  subdivision (b) of this section are not intended to set a standard time for
				  completion of estate administration, but rather to fix the times within which
				  the State Comptroller is to be informed of the status of open
				  estates.
(e) This section shall not
				  limit the power of the Surrogate's Court to direct an accounting at any time on
				  its own initiative or on petition pursuant to section 2205  of the Surrogate's
				  Court Procedure Act.
(f) No open
				  estate shall be excluded from the applicability of the provisions of this
				  section by virtue of the fact that permanent letters of administration were
				  issued to the public administrator prior to the effective date of this
				  regulation.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter F - Duties Of Justices Of The Peace And Police Justices › Part 75 - Duties Of Justices Of The Peace And Police Justices › Section 75.1 - Duties in respect to receipts and disbursements

Current through Register Vol. 46, No. 28, July 10, 2024
The memorandum of the receipt or disbursement of moneys by
					 a police justice of a village or by a justice of the peace of a town, required
					 by the said statutes in lieu of the issue of a receipt for moneys paid to such
					 a justice or in lieu of the taking of a receipt for moneys disbursed by such a
					 justice, shall be an entry upon the page or pages of the docket upon which are
					 recorded matters in respect to the action or proceeding in relation to which
					 the moneys were received or disbursed, and shall set forth:
(a) The date of the receipt or
				  disbursement,
(b) The amount
				  received or disbursed,
(c) The name
				  of the person from whom the money was received or to whom the money was paid,
				  and
(d) A brief statement of the
				  purpose for which the money was paid to or disbursed by the justice.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter F - Duties Of Justices Of The Peace And Police Justices › Part 75 - Duties Of Justices Of The Peace And Police Justices › Section 75.2 - Effective date

Current through Register Vol. 46, No. 28, July 10, 2024
This order shall take effect October 1,
					 1945.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter G - Local Tax Bills And Receipts › Part 80 - Local Tax Bills And Receipts; Statement Of Amount Of Local Assistance › Section 80.1 - Form of statement

Current through Register Vol. 46, No. 28, July 10, 2024
The statement of the amount of local assistance to be
					 received from the State, required by such section to appear on certain tax
					 statements and receipts, shall be set forth in the following manner:
(a) Such statement of estimated local
				  assistance may be detailed as to the nature and amount of each type of local
				  assistance, or it may be in the following form:
"The total amount of local assistance estimated to be
					 received from the state of New York by the ________ of ________ during the
					 fiscal year ending ________, 19________, is $ ________"
(b) Such statement may be printed, stamped or
				  otherwise inscribed on such tax statement and receipt or it may be printed,
				  stamped or otherwise inscribed on an accompanying enclosure which shall be
				  issued with and be deemed a part of such tax statement and receipt.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter H - Computation Of Special Municipal Aid › Part 81 - Procedures For Computation Of General Purpose State Aid › Section 81.1 - Purpose of regulation

Current through Register Vol. 46, No. 28, July 10, 2024
The purpose of this regulation is to prescribe the source
					 documents and methods of calculation to be used by the Office of the State
					 Comptroller in computing the amounts of general purpose State aid for the
					 support of local government for the 1986-87 State fiscal year pursuant to
					 section 54  of the State Finance
					 Law.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter H - Computation Of Special Municipal Aid › Part 81 - Procedures For Computation Of General Purpose State Aid › Section 81.3 - Methods of calculation

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
				  Base year revenue sharing aid shall be calculated in accordance with the
				  provisions of State Finance Law, section 54(1)(k).
(b) Base year special city, town, village aid
				  shall be calculated in accordance with the provisions of State Finance Law,
				  section 54(1)(1). For the yearly special city, town, village aid payments, the
				  fixed amounts shall be adjusted as a result of changes to data elements on a
				  case-by-case basis where the State Comptroller, in the exercise of his
				  discretionary powers, deems it necessary.
(c) Needs based aid shall be calculated in
				  accordance with the provisions of State Finance Law, section 54(5). The State
				  Comptroller shall estimate zero local revenues for a municipality which has not
				  filed a 1983 annual financial report with his office. For the purpose of
				  calculating fire district revenues for a fire district located in more than one
				  town, the fire district revenues for each town shall be allocated on the basis
				  of the ratio which the taxes levied on real property in that portion of the
				  town located within the fire district bears to the aggregate taxes levied in
				  the fire district.
(d) Excess
				  revenue sharing aid shall be calculated in accordance with the provisions of
				  State Finance Law, section 54(2-a). In the calculation of the total excess
				  revenue sharing aid distribution for towns, the amount of excess revenue
				  sharing aid for the town outside village area shall be added to that of the
				  town-wide calculation. If a negative figure results from this calculation, the
				  municipality will not receive excess revenue sharing aid.
(e)
Taxable assessed value for town
				  outside village areas.
(1) The Towns of
				  Green Island, East Rochester, Rye, Harrison, Pelham, Scarsdale and Mount Kisco
				  are contained entirely within the boundaries of one or more villages so no
				  taxable assessed values for town outside village area are determined for such
				  towns.
(2) The taxable assessed
				  value for the town outside village area of the Town of Vernon excludes the
				  taxable assessed value of the area of the town which is located within the City
				  of Sherrill.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter I - Forms To Be Used For Computation Of Constitutional Tax Limits › Part 82 - Forms To Be Used For Computation Of Constitutional Tax Limits › Section 82.1 - Forms for computation of constitutional tax limits

Current through Register Vol. 46, No. 28, July 10, 2024
The forms to be used in the computation of the
					 constitutional tax limits of cities, counties and villages shall be the forms
					 prescribed in this Part.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter I - Forms To Be Used For Computation Of Constitutional Tax Limits › Part 82 - Forms To Be Used For Computation Of Constitutional Tax Limits › Section 82.2 - Forms for cities having a population of less than 125,000

Current through Register Vol. 46, No. 28, July 10, 2024
The form to be used in the computation of the
					 constitutional tax limit of cities having a population of less than 125,000
					 inhabitants shall be as follows:
Image
________
Form was amended to change Comptroller's address by adding
					 110 State Street and the suffix 0001 to the zip code. Form was unavailable at
					 time of publication.
Image
Image
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter I - Forms To Be Used For Computation Of Constitutional Tax Limits › Part 82 - Forms To Be Used For Computation Of Constitutional Tax Limits › Section 82.3 - Form for cities having a population of 125,000 or more

Current through Register Vol. 46, No. 28, July 10, 2024
The form to be used in the computation of the
					 constitutional tax limit of cities having a population of 125,000 or more
					 inhabitants shall be as follows:
Image
________
Form was amended to change Comptroller's address by adding
					 110 State Street and the suffix 0001 to the zip code. Form was unavailable at
					 time of publication.
Image
Image
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter I - Forms To Be Used For Computation Of Constitutional Tax Limits › Part 82 - Forms To Be Used For Computation Of Constitutional Tax Limits › Section 82.4 - Form for counties

Current through Register Vol. 46, No. 28, July 10, 2024
The form to be used in the computation of the
					 constitutional tax limit of counties shall be as follows:
Image
________
Form was amended to change Comptroller's address by adding
					 110 State Street and the suffix 0001 to the zip code. Form was unavailable at
					 time of publication.
Image
Image
Image
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter II - Municipal Affairs › Subchapter I - Forms To Be Used For Computation Of Constitutional Tax Limits › Part 82 - Forms To Be Used For Computation Of Constitutional Tax Limits › Section 82.5 - Form for villages

Current through Register Vol. 46, No. 28, July 10, 2024
The form to be used in the computation of the
					 constitutional tax limit of villages shall be as follows:
Image
________
Form was amended to change Comptroller's address by adding
					 110 State Street and the suffix 0001 to the zip code. Form was unavailable at
					 time of publication.
Image
Image
Image
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter III - Improvement Districts And Sewer, Drainage, And Water Improvements › Part 85 - Application For Permission Of State Comptroller › Section 85.1 - Background

Current through Register Vol. 46, No. 28, July 10, 2024
(a) The purpose of
				this Part is to:
(1) set forth the
				documentation that must be included in applications to the Comptroller for
				permission to establish, extend or increase the maximum amount to be expended
				in town or county improvement districts or to authorize or increase the maximum
				amount to be expended for a town improvement; and
(2) to place the primary responsibility for
				compliance with the applicable provisions of the Town Law and the County Law
				with local officials. It is the Comptroller's expectation that, upon receipt of
				an application which complies with this Part, he will, in all but a very
				limited number of instances, be able to make prompt determinations of public
				interest and undue burden, as required by statute, without requiring additional
				information or documents from the applicant.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter III - Improvement Districts And Sewer, Drainage, And Water Improvements › Part 85 - Application For Permission Of State Comptroller › Section 85.2 - Definitions

Current through Register Vol. 46, No. 28, July 10, 2024
As used in this Part, the following terms shall have the
				  following meanings:
(a)
Application
shall mean any application for permission of the
				State Comptroller.
(b)
Permission of the State Comptroller
shall mean the consent,
				permission or approval of the State Comptroller required pursuant to any of the
				following statutes: County Law, sections 258, 268, 269, 280-i, 280-t, 299-o and
				299-r; Town Law, sections 54, 194, 202-d, 202-e, 209-f, 209-h and
				209-q.
(c)
Typical
				property
shall mean the assessed value that approximates the assessed
				value of a majority or mode of the properties situated in the area that will be
				required to finance the cost of the proposed improvements.
(d)
Typical one- or two-family
				home
shall mean the assessed value that approximates the assessed
				value of a majority or mode of the one- or two-family dwellings situated in the
				area that will be required to finance the cost of the proposed
				improvements.
(e)
Verified
shall mean an application which contains a
				verification in substantially the following form:
VERIFICATION
STATE OF NEW YORK)
COUNTY OF____) SS.:
__, being duly sworn, deposes and says that (s)he is the __
				  of the __, the corporation named in the within entitled action; that (s)he has
				  read the foregoing application and knows the contents thereof; and that the
				  same is true to (her) his own knowledge, except as to the matters therein
				  stated to be alleged upon information and belief, and as to those matters (s)he
				  believes it to be true.
_____________________________________________________________________________
Sworn to before me this
_____________________________________________________________________________________
day of
_____________________________________________________________________________________
, 19
_____________________________________________________________________________________
_____________________________________________________________________________________
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter III - Improvement Districts And Sewer, Drainage, And Water Improvements › Part 85 - Application For Permission Of State Comptroller › Section 85.3 - Authority for submitting application

Current through Register Vol. 46, No. 28, July 10, 2024
(a) An application for permission of the
				State Comptroller shall set forth the statute pursuant to which the application
				is being made and contain such other information as is required by section
				85.4 
				of this Part. Such information may either be included as a statement in the
				application or attached as an exhibit thereto. The application shall be
				executed and verified by the supervisor if an application is made pursuant to
				the Town Law, the chairman of the board of supervisors if an application is
				made pursuant to the County Law or such other officer as the governing board of
				the town or county shall designate. Any application under Town Law, sections
				194 and
				209-f, including all exhibits thereto,
				shall be submitted in duplicate.
(b) All applications for permission of the
				State Comptroller shall be accompanied by:
(1) a certified copy of a resolution of the
				governing board stating that the attached application was prepared at the
				direction of the governing board; that the board believes the contents of the
				application to be accurate; that the Board has determined that the improvement,
				district, extension or expenditure for which permission is sought is in the
				public interest and will not constitute an undue burden on the property which
				will bear the cost thereof; and if the cost of the proposed improvements is to
				be assessed in whole or in part against a benefited area, that all real
				property to be so assessed will be benefited by the proposed improvements and
				that no benefited property has been excluded; and
(2) one or more opinions of legal counsel
				that comply with the requirements of section 88.5 of this Part.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter III - Improvement Districts And Sewer, Drainage, And Water Improvements › Part 85 - Application For Permission Of State Comptroller › Section 85.4 - Information required in application

Current through Register Vol. 46, No. 28, July 10, 2024
An application for permission of the State Comptroller shall
				  contain the following:
(a) all
				documents and information required to be included by the provisions of the Town
				Law or the County Law pursuant to which the application is being
				made;
(b) a description of the
				proposed improvements;
(c) a
				statement setting forth the maximum cost of the proposed improvements. If an
				application is for the approval of an increase of maximum amount, a statement
				of the original maximum amount, the amount of the increase, and the
				circumstances which have made the increase necessary;
(d) a statement explaining the factors which
				the governing board considered in making its determination that the proposed
				improvements are in the public interest. These factors should demonstrate a
				basis for the board's determinations that the proposed improvements are
				necessary, convenient or desirable and, if the cost of the improvements is to
				be assessed in whole or part against benefited property, that all property upon
				which the assessments are to be imposed will be benefited by the improvements
				and that no benefited property has been excluded;
(e) a statement describing the proposed
				manner of financing the cost of the improvements. This statement shall set
				forth:
(1) the anticipated amount, type,
				term, and interest rate of the proposed town or county indebtedness, together
				with a statement that the proposed financing is reasonable under current market
				conditions or is being made available under a State or Federal loan program;
				and
(2) a description of the amount
				and type of State or Federal aid, if any, together with written documentation
				from the appropriate State or Federal agency confirming that such aid has been
				committed. If the town or county's determination that the proposed financing is
				reasonable is based on the opinion of the town or county's financial advisor, a
				copy of such opinion should accompany the application;
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter III - Improvement Districts And Sewer, Drainage, And Water Improvements › Part 85 - Application For Permission Of State Comptroller › Section 85.5 - Opinion of legal counsel

Current through Register Vol. 46, No. 28, July 10, 2024
The legal opinion(s) required by section
				  85.3(b) 
				  of this Part shall be addressed to the town or county, expressly provide that
				  the State Comptroller may rely thereon, and contain the following:
(a) A statement that, in his or her capacity
				as legal counsel for the town or county, he or she has examined originals or
				true and complete copies of those records, documents and other instruments
				necessary to render his or her opinion, including, but not limited to:
(1) the Constitution of the State and
				relevant statutes, including but not limited to, the statute pursuant to which
				the application is made and the State Environmental Quality Review
				Act;
(2) any petitions for the
				establishment or extension of a district or provision of an
				improvement;
(3) all orders and
				resolutions of the governing board pertaining to such application;
(4) proof of any posting and publication of
				required notice;
(5) any petitions
				requesting a referendum;
(6) any
				certificate stating that no petition requesting a referendum was received or
				certifying the result of the vote on the proposition submitted at a
				referendum;
(7) any map or plan
				required by statute;
(8) any
				proposed contracts or agreements referred to in the application; and
(9) the application to be submitted to this
				ofice; and
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter III - Improvement Districts And Sewer, Drainage, And Water Improvements › Part 85 - Application For Permission Of State Comptroller › Section 85.6 - Amending fee application

Current through Register Vol. 46, No. 28, July 10, 2024
The town or county, on its own initiative or at the request
				  of the Comptroller, may provide any additional information which will assist
				  the Comptroller in making determinations of public interest and undue
				  burden.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter III - Improvement Districts And Sewer, Drainage, And Water Improvements › Part 85 - Application For Permission Of State Comptroller › Section 85.7 - Final order of the comptroller

Current through Register Vol. 46, No. 28, July 10, 2024
Upon receipt of an application for permission of the State
				  Comptroller that complies with the requirements of sections
				  85.3,
				  85.4,
				  85.5 and
				  85.6  of
				  this Part, the Comptroller, after reviewing the same, shall make his final
				  determination and make an order, in duplicate, granting or denying the
				  permission sought.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter IV - Miscellaneous Rules › Part 100 - Elementary and Secondary Education School Program › Section 100.1 - State fiscal agent

Current through Register Vol. 46, No. 28, July 10, 2024
The State Comptroller, on behalf of the State, shall contract
				  with one or more banks or trust companies having an office located in the City
				  of New York, to act as fiscal agent of the State. The State fiscal agent shall
				  maintain an office for the registration, conversion, reconversion and transfer
				  of the bonds, notes and other obligations of the State, including the
				  preparation and substitution of new bonds, notes and other obligations, for the
				  payment of the principal thereof and interest thereon, and for related
				  services. This office shall be open for business during regular banking
				  hours.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter IV - Miscellaneous Rules › Part 100 - Elementary and Secondary Education School Program › Section 100.2 - New issues of state bonds and notes

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Payment of purchase price. Successful
				bidders for new issues of bonds and notes of the State shall make payment of
				the unpaid balance of the purchase price to the State or its fiscal agent by
				check, draft, electronic transfer of Federal funds check as determined by the
				State and the successful bidder. Payment for bonds shall be in clearinghouse
				funds or immediately available funds. Payment for notes shall be made in
				immediately available funds. Checks and drafts shall be certified and drawn
				upon a bank or trust company in the City of Albany or in the City of New York,
				and shall be payable to the order of the "Comptroller of the State of New
				York."
(b) Bonds. The State fiscal
				agent will deliver bonds (in registered form) of a new State issue to each
				registered owner, which may be a securities depository or its nominee, of such
				bonds, upon payment in full of the purchase price thereof.
(c) Notes. The State fiscal agent or issuing
				paying and tender agent, will deliver notes of a new State issue in registered
				form where the maturity is one year or greater, to each registered owner, which
				may be a securities depository or its nominee, of such notes, upon payment in
				full of the purchase price thereof. When the maturity of a new State issue is
				less than one year, the State fiscal agent or issuing paying and tender agent
				may deliver such notes in registered form or bearer form.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter IV - Miscellaneous Rules › Part 100 - Elementary and Secondary Education School Program › Section 100.3 - Conversion and reconversion

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
				Conversion of coupon bonds. The holder of a coupon bond may present and
				surrender such bond to the State fiscal agent with a written request for its
				conversion into a fully registered bond. Such written request shall set forth
				the full legal name and address of the person to be named as the registered
				owner. The State fiscal agent shall thereupon countersign and deliver a new
				bond in registered form to the registered owner or, at the request of the
				registered owner, to a securities depository or its nominee.
(b) Reconversion of registered bonds. If the
				applicable notice of sale of an issue of bonds, issued prior to June 30, 1983,
				shall have so provided, or when authorized by the Comptroller, the registered
				holder, or his legal representatives of a bond which shall have been converted
				into a registered bond pursuant to subdivision (a) of this section, may present
				and surrender such bond to the State fiscal agent with a written request for
				its reconversion into a coupon bond, which request shall be duly acknowledged,
				or proved, or in the alternative the signature of the person making such
				request shall be certified as to its genuineness by an officer of a bank, trust
				company, savings bank, savings and loan association or federally or
				State-chartered credit union located and authorized to do business in the State
				of New York. There shall be tendered with such request an amount sufficient to
				cover the expense of preparing, issuing and delivering a new bond in accordance
				with such request, which amount shall be determined by the State fiscal agent.
				The State fiscal agent shall thereupon countersign and deliver a new bond in
				coupon form, which shall have endorsed thereon the following statement, "This
				bond has been reconverted and reissued on the ________ day of ________, 20
				________." If the applicable notice of sale of an issue of bonds shall have so
				provided, or when authorized by the Comptroller, any bond reconverted into
				coupon form pursuant to this subdivision may again and from time to time be
				converted into a registered bond and reconverted into a coupon bond in the
				manner provided in this section upon payment in each case to the State fiscal
				agent of an amount determined by the State fiscal agent to be sufficient to
				cover the expense of preparing, issuing and delivering the new bond.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter IV - Miscellaneous Rules › Part 100 - Elementary and Secondary Education School Program › Section 100.5 - Payment of interest

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
				Interest on coupon bonds. Interest on State coupon bonds will be paid in
				clearing house funds from monies supplied by the State for that purpose upon
				surrender of the appropriate coupons on or after the due date thereof to the
				State fiscal agent.
(b) Interest on
				registered bonds: closing of transfer books. Interest due on registered bonds
				will be paid in clearinghouse funds or immediately available funds from monies
				supplied by the State. Interest will be paid (1) by check mailed at the close
				of the business day next preceding the interest due date to or on the order of
				the registered owner whose name and address appear on the registration books of
				the State fiscal agent, or issuing, paying and tender agent on the record date,
				or (2) by electronic transfer in immediately available funds to a securities
				depository. The State fiscal agent or issuing, paying and tender agent may
				offer electronic transfer for interest payments. The record date with respect
				to each payment of interest shall be 15 days prior to such interest payment
				date. Orders for the payment of interest on registered bonds to a person other
				than the registered owner thereof must be filed with the State fiscal agent or
				issuing, paying and tender agent. Such orders shall be signed by or on behalf
				of the registered owner, and the signature shall be guaranteed by:
(1) a bank, trust company, savings banks,
				savings and loan association, or federally or State-chartered credit union
				located and authorized to do business in the State of New York,
(2) a member firm of the New York Stock
				Exchange; or
(3) such other
				guarantor as shall be acceptable to the State fiscal agent.
The transfer books with respect to any issue of State bonds
				  may be closed by the State fiscal agent, in its discretion, for a period not
				  exceeding 30 days next preceding the interest due date on such issue.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter IV - Miscellaneous Rules › Part 100 - Elementary and Secondary Education School Program › Section 100.6 - Payment of principal-redemption

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Payment of principal. The State fiscal
				agent or issuing, paying and tender agent will pay all bonds and notes in
				clearinghouse funds or in immediately available funds, presented to the State
				fiscal agent or issuing, paying and tender agent for payment at or after
				maturity, upon surrender thereof accompanied by the duly completed form called
				for by subdivision (c) of this section.
(b) Redemption. The State fiscal agent or
				issuing, paying and tender agent will pay all bonds and notes in clearinghouse
				funds or in immediately available funds, which shall have been called for
				redemption and are presented to the State fiscal agent or issuing, paying and
				tender agent for payment at or after the date of redemption, upon surrender
				thereof together with all appurtenant unmatured coupons, accompanied by the
				duly completed form called for by subdivision (c) of this section.
(c) Information to be supplied on surrender
				of State obligations for payment. When State bonds or notes are surrendered to
				the State fiscal agent or issuing, paying and tender agent for payment (whether
				on redemption or otherwise) the holder will be required to furnish such
				information (on forms supplied for the purpose) as shall be required by the
				State fiscal agent or issuing, paying and tender agent.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter IV - Miscellaneous Rules › Part 100 - Elementary and Secondary Education School Program › Section 100.7 - Replacement of bonds and certificates lost or casually destroyed

Current through Register Vol. 46, No. 28, July 10, 2024
Lost or destroyed bonds and certificates. The State fiscal
				  agent will deliver, at the expense of the applicant, new bonds or certificates
				  of the State to replace bonds or certificates of the State which the State
				  fiscal agent, upon due proof is satisfied have been lost or casually destroyed.
				  Each new bond or certificate shall correspond in date, number and amount, with
				  the bond or certificate so lost or destroyed and shall express on its face that
				  it is a renewed bond or certificate. (Persons seeking information under this
				  section, including security requirements, should submit full details to the
				  State fiscal agent.)
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter IV - Miscellaneous Rules › Part 100 - Elementary and Secondary Education School Program › Section 100.8 - Replacement of mutilated bonds, notes and certificates

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Mutilated bonds, notes and certificates.
				The State fiscal agent will deliver a new bond, note or certificate of the
				State to replace a bond, note or certificate of the State which has been
				mutilated, but not destroyed, provided all the principal and essential parts of
				such mutilated bond, note or certificate are presented to the State fiscal
				agent, and that the bond, note or certificate can readily be identified from
				the parts so presented.
(b) Forms
				to be used in replacements. Where the State fiscal agent has in its possession
				a bond, note or certificate form of the same issue, dating, interest rate,
				amount and maturity as that of the mutilated bond, note or certificate, it
				shall use such form in making the replacement pursuant to this section. Where
				such a form no longer is available, the necessary form or forms shall be
				engraved and printed, under such supervision as the Comptroller shall
				prescribe, provided the person requesting replacement under this section
				undertakes to pay the expense of such engraving and printing.
(c) Corresponding date, interest rate, etc. A
				replacement bond, note or certificate issued pursuant to this section shall
				correspond as to date, interest rate, amount, number of coupons, if any, and
				maturity with that of the mutilated bond, note or certificate which it
				replaces.
(d) Application of
				marking and security requirements of law. The marking and security requirements
				of section 62  of the State Finance Law shall not be
				applied to replacements of mutilated bonds, notes or certificates made pursuant
				to this section.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter IV - Miscellaneous Rules › Part 100 - Elementary and Secondary Education School Program › Section 100.9 - Private sale of state bonds

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
				Selection of underwriters. When the Comptroller has determined that the
				interests of the State will be served by a private sale of bonds:
(1) he may select underwriters for a bond
				sale conducted pursuant to article 5 of the State Finance Law through a request
				for proposal process; or
(2) he may
				directly negotiate a sale of State bonds to a public benefit corporation or
				public authority, the majority of the members of which are appointed by the
				Governor. With respect to each such sale, except sales to public benefit
				corporations or public authorities, the majority of the members of which are
				appointed by the Governor, requests shall be sent to at least 10 firms that
				have, in the Comptroller's judgment, sufficient expertise and experience in the
				sale of obligations of the State of New York or other similar issuers to
				underwrite efficaciously a private sale of State bonds.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter IV - Miscellaneous Rules › Part 100 - Elementary and Secondary Education School Program › Section 100.10 - General

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Where Opinions
				of the Attorney General, with respect to the validity and legality of new
				issues of bonds and notes of the State are not printed on the bonds or notes,
				photostatic copies may be obtained by the purchasers of such issues from the
				State fiscal agent.
(b)
				Denominations. Reconversion of registered bonds (only for bonds originally
				issued prior to June 30, 1983) to coupon bonds and temporary receipts therefor
				shall be issued only in the denomination of $1,000 and/or $5,000 at the
				discretion of the Comptroller. Registered bonds shall be issued only in fully
				registered form in such denomination or denominations as the Comptroller shall
				determine. Upon the presentation and surrender of registered bonds of one
				denomination, the State fiscal agent shall deliver an equal principal amount of
				registered bonds of other authorized denominations registered in the name of
				the registered owner of the bonds surrendered. Notes with a maturity of less
				than one year may be issued either in registered form or in bearer form,
				without coupons, in such denomination or denominations as the Comptroller may
				determine.
(c) Window ticket
				receipts. Upon the presentation of temporary receipts, bonds, notes or other
				obligations of the State for exchange, conversion, transfer or payment, the
				State fiscal agent may issue window ticket receipts therefor. Such receipts,
				properly signed, must be returned to the bank upon the delivery of the
				temporary receipts, bonds, notes, checks or other obligations resulting from
				such exchange, conversion, transfer, or payment.
(d) Federal regulations. In any transaction
				under any sections of this Part which involves or is affected by the Trading
				with the Enemy Act, Executive Order No. 8389 as amended, or any other law of
				the United States or any regulation or executive order issued thereunder, in
				addition to all other requirements provided by this Part, there must be lodged
				with the State fiscal agent an original license (or photostatic copy thereof)
				issued by the Treasury Department, by a Federal Reserve Bank on its behalf, or
				by other duly authorized public officials, authorizing the carrying out of such
				transactions. In the event that a license shall have been submitted in
				connection with the payment of interest on State obligations, attention is
				called to the fact that it may be necessary to submit renewal licenses (or
				photostatic copies thereof) covering payments to be made after the expiration
				date of the original license.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter IV - Miscellaneous Rules › Part 100 - Elementary and Secondary Education School Program › Section 100.11 - Amendments

Current through Register Vol. 46, No. 28, July 10, 2024
These rules and regulations may be amended or revised by the
				  Comptroller at any time and from time to time.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter IV - Miscellaneous Rules › Part 101 - Sale Of Lost Property Deposited With State Police › Section 101.1 - Property to be sold

Current through Register Vol. 46, No. 28, July 10, 2024
All personal property delivered into the custody of the
				  Division of State Police pursuant to article 7-B of the Personal Property Law
				  and remaining therein unclaimed for the following waiting periods:
(a) Articles valued at $500 or less--six
				months.
(b) Articles valued at more
				than $500 but less than $5,000--one year.
(c) Articles valued at more than
				$5,000--three years.
The term personal property shall not be deemed to include
				  currency, negotiable instruments, documents constituting written evidence or
				  ownership of debt, perishable property or worthless property.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter IV - Miscellaneous Rules › Part 101 - Sale Of Lost Property Deposited With State Police › Section 101.2 - Time of sale

Current through Register Vol. 46, No. 28, July 10, 2024
As soon as practicable after the expiration of the 10 days
				  which immediately succeed the termination of the applicable waiting
				  period.