N.Y. Comp. Codes R. & Regs. tit. 2 § 206.1

Current through Register Vol. 46, No. 45, November 2, 2024

Section 206.1 - Purpose

(a) The purpose of this Part is to set forth:

(1) the standards for the Comptroller's determination of State authority contracts and contract amendments subject to the Comptroller's approval;

(2) the criteria for the Comptroller's approval of such contracts and contract amendments;

(3) the responsibilities of State authorities with respect to the filing of exempt contracts and exempt contract amendments, certain eligible contracts and certain eligible contract amendments as defined in this Part; and

(4) the procedural requirements for overall compliance with section 2879-a of the Public Authorities Law.

(b) Nothing contained in this Part shall diminish, or in any way adversely affect, the Comptroller's existing authority to approve State authority contracts where such approval is otherwise required, or provided for, by law or by resolution of a State authority, including, but not limited to, contracts made "for" the State by a State authority. A contract is made "for" the State by a State authority where the State authority is entering into a contract with a third party, but the primary role of the State authority is to act on behalf of the State or a State agency. Such third-party contracts are contracts for the State and are subject to the Comptroller's approval under section 112 of the State Finance Law notwithstanding any of the thresholds or criteria contained in this Part.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 206.1