N.Y. Environmental Conservation Law 49-0111 – Grants or gifts
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§ 49-0111. Grants or gifts.
Terms Used In N.Y. Environmental Conservation Law 49-0111
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
The department, with the approval of the Governor, may accept as agent of the state any gift, devise or bequest, whether conditional or unconditional (notwithstanding the provisions of § 11 of the State Finance Law), and including federal grants, for any of the purposes of this article. Any moneys so received may be expended by the department to effectuate any purpose of this article, subject to the same limitations as to approval of expenditures and audit as are prescribed for state moneys appropriated for the purposes of this article.